Amazon still grasping for success with supermarkets, CEO says

By Jeffrey Dastin and Tiyashi Datta

Technology
Friday, 03 Feb 2023
9:12 AM MYT

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FILE PHOTO: Customers shop at the UK's first Amazon Fresh supermarket, in London, Britain March 4, 2021. REUTERS/Henry Nicholls/File Photo

(Reuters) - Amazon.com Inc, the online retailer long feared to disrupt the grocery sector, believes it has fallen short.

The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the right recipe for success, Chief Executive Andy Jassy said on Thursday, in a rare appearance on the company's quarterly results call.

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Amazon still grasping for success with supermarkets, CEO says