Amazon planning expansion of Whole Foods throughout U.S.

The e-commerce giant is doubling down on Whole Foods’ brick-and-mortar operation

TRD NATIONAL /
Dec.December 31, 2018 02:00 PM

Jeff Bezos and a Whole Foods store (Credit: Getty Images)

Amazon’s acquisition of Whole Foods last year had the real estate world wondering if the brick-and-mortar grocer would move more toward an e-commerce model or stick with its stores.

Whole Foods now says it is planning to build new stores and expand to new markets throughout the United States, according to the Wall Street Journal.

Amazon is seeking to bring Whole Foods to more suburbs and locations that would bring customers within the company’s two-hour delivery service. Whole Foods did not say how many new stores it plans to open, but Amazon officials have been looking at locations in Idaho, Utah and Wyoming, all areas where the chain has no locations, according to the Journal.

Whole Foods operates about 475 stores in the United States.

The new stores could be bigger than existing Whole Foods locations, with the extra space being used for Amazon’s delivery services and online order pickup.

After shaking up the retail industry with the popularity of its e-commerce platform, Amazon is now a huge player in the real estate world.

The company is about halfway to its goal of having a warehouse within 20 miles of every U.S. consumer. In September, it opened its first Amazon Go store in Chicago, its first outside of Seattle, as part of its plan for 3,000 new cashier-free stores nationwide that could cost upward of $3 billion.

In November, the Seattle-based company announced it will open two new headquarters in Long Island City and Crystal City, Virginia. The company could occupy as much as 8 million square feet of office space in New York and more than 4 million square feet in suburban Virginia. [WSJ] — Joe Ward

 

Related Articles

arrow_forward_ios
From left: CEO and founder of CA Ventures Thomas Scott, CEOs of WeWork Sebastian Gunningham and Artie Minson, and a rendering of the building

WeWork has troubles, but it also has a new location in River North

Amazon CEO Jeff Bezos and Mayor Roger Claar with the Bolingbrook property along route 53 and (Credit: Google Maps, Getty Images)

Bolingbrook mayor absolutely hates Amazon’s 825K sf real estate project

The Bolingbrook property along route 53 and Amazon CEO Jeff Bezos (Credit: Google Maps, Getty Images)

Amazon pays $51M for site of former Chicagoland amusement park

Jeff Bezos and the Old Wrigley gum factory at 3535 S. Ashland Avenue (Credit: Getty Images and Google Maps)

Chew on this: Former Wrigley gum factory pitched as potential Amazon warehouse

Chicago Area Vacancy Rate Continues Decline

Chicago-area retail isn’t out of the woods yet

Peter E. Ricker, Chairman and CEO of MBRE, and 800-810 West Madison Street (Credit: MBRE and Google Maps)

MB Real Estate pays $19M for office building near Fulton Market

W. P. Carey Inc. CEO Jason E. Fox, Pritzker Realty Group founder and Chairman Penny Pritzker, 150 N. Clinton St. (Credit: Google Maps)

WP Carey and Pritzker Realty make big moves in West Loop

Rendering of 800 W. Fulton Market and Thor's Joe Sitt

Thor Equities lands anchor tenant for spec Fulton Market office tower

arrow_forward_ios
Loading...