As I wrote in today's newsletter, the New York Times' take on Amazon's recent announcement about grocery deliveries at Whole Foods is all wrong. Their take was that Amazon was playing 'catch-up' for once. And they focused only on the grocery business.
Those aren't the issues. What's happening is that grocery delivery is a test case, a beach head, for the wider Amazon assault on same-day delivery of a full complement of Amazon merchandise. And so, Whole Foods will become the brick and mortar extension of Amazon.
The grocery announcement
Six months ago, Amazon launched Prime delivery with a two-hour window. Now the online retail chain is saying it can offer thirty-minute pickups in Sacramento and Virginia Beach stores. And the plan is to expand this service across the US later in the year. ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.