Amazon Launches Grocery Stores

  • Office Depot partners with e-commerce giant, Alibaba. The partnership will consist of a co-branded site; The goal is to target more small and midsize businesses.
  • Amazon is launching grocery stores in an attempt to come in at a lower price point than Whole Foods (which Amazon owns). The TBD name stores will begin to open on the West Coast later this year.
  • Gap to close 230 stores. The retailer hit a 5% drop compared to last year. Reason for the closures: the brand is trying to keep up with ‘new consumer behavior.’

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