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Amazon Rationalizing Whole Foods Market Portfolio

01/04/2023

Amazon has announced closure of six stores in four states including Alabama, Massachusetts, California and Illinois.  This action according to a spokesperson is based on "long-term success and evaluation of performance and growth potential of stores".  In 2022, Whole Foods Market opened six stores ranging from 21,500 square feet to 65,000 square feet.  Some newly opened Whole Foods stores incorporate Amazon contactless payment systems and with retrofits to some existing stores. 

 

Whole Foods operates 514 stores in the U.S. in 43 states and at 14 locations in Canada. The parent Company operates 29 Amazon Fresh grocery stores in six states and 26 Amazon Go convenience stores in four metropolitan areas. Fortysix Amazon Fresh grocery stores were opened during the first quarter of the current fiscal year with plans to enter new markets in seven states.