Amazon CEO Andy Jassy says Wall Street may be overlooking Amazon's retail progress, pointing to fresh groceries and everyday essentials growing three times faster than the rest of its stores business. However, Amazon's online store sales increased just 2% in Q3.
Is Amazon quietly becoming a bigger threat to traditional grocers, or are its retail results less impressive than Jassy suggests? Chris Walton and Kelly Carey examine the difference between full grocery trips and smaller add-on purchases, and why Amazon's grocery strategy could matter even without dramatic top-line growth.
Watch the full Fast Five episode here: https://youtu.be/mcQ6jr9fLqY
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