January 18, 2018
Online grocery is yet another category where retailers will be facing an intense challenge from Amazon. The company sold $2 billion worth of food online in 2017, garnering a significant bump from its acquisition of Whole Foods, announced last June.
According to e-commerce data analytics firm One Click Retail, Amazon’s grocery sales in its top three international markets were up 59 percent (U.S.), 56 percent (U.K.) and 54 percent (Germany). One Click estimates that Amazon accounts for 18 percent of all online grocery sales, more than twice as much as its nearest competitor, Walmart.
In addition to the immediate bump that Whole Foods gave to the range of grocery products available through Amazon Fresh, many are also looking at the acquisition as a laboratory to expand testing of the Amazon Go concept piloted in Seattle last year.