Amazon's Next Push into Grocery Biz Faces Stout Headwinds, Expert Says
While its brick-and-mortar supermarket strategy is likely to add to the pressure, Amazon is hardly set to steamroll top grocers with its purported plans to open stores under a new, more mainstream brand, advised Joe McKeska, Senior Managing Director at A&G Realty Partners.
Observers are buzzing about Amazon's plans, originally reported in The Wall Street Journal, to open "dozens" of grocery stores in leading U.S. markets. However, McKeska cautioned, it's important to remember that existing grocers boast years of experience. They have also been heavily investing in their digital and online capabilities, said the Oak Brook-based executive, whose firm assists retailers with portfolio strategy, due diligence, value-add lease negotiations, and real estate disposition, subleasing, and ...
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