Amazon’s grocery ops needs a makeover

Fresh’s food assortment and prices aren’t so competitive with discount grocers like Aldi, and it has struggled with items being out-of-stock. — Bloomberg

AMAZON.com Inc shares soared after the company posted a “trifecta beat” by topping forecasts for retail revenue, Amazon web services revenue and margins.

But the flood of optimism glosses over issues in Amazon’s grocery business. The company’s physical retail segment revenue – predominantly sales at Whole Foods – have grown by just 10% since 2018.