Amazon: Pushing Its ‘Fresh’ Service To New York

amazon fresh

There has been a buzz around Amazon Inc (NASDAQ:AMZN), with reports of a partner company having bought a one million sq feet warehouse on the outskirts of Manhattan. The warehouse was previously a grocery store and has all facilities required to store ‘Fresh groceries’. Does that ring some bells? Do you remember our article on Amazonfresh and amazon’s plans of pushing the service to other major urban areas? Oh I guess joining the dots isn’t pretty tough. I learnt that when I was a kid. Well to put it straight amazon’s interest in a grocery store only leads to a single conclusion; a launch of its ‘fresh’ same day delivery services in New York, the nation’s largest market with about 8 million people. Now even a small portion of those people means a significant number of customers interacting with the online retailing giant on a regular basis, purchasing everything from groceries to home appliances. That could amount to significant additional value for the firm and looks like Bezos is well on his way to make customers buy everything from what started as a ‘bookstore’.  That means some serious competition to whatever kind of retailer you happen to be.

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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