By Marian Zboraj
Source: Progressive Grocer
Amazon-owned Whole Foods Market has revealed that it will open a new store in San Diego on Sept. 23, it’s fourth location for the area and 95th in California.
Last year, Amazon did more than $150 billion in gross merchandise sales, securing the company’s spot as the second-largest grocer in the United States, President and CEO Andrew Jassy said during the company’s second-quarter earnings call.
“A big chunk of it is our Whole Foods Market business, which is the leading organic grocer out there,” Jassy explained. “And if you look at the growth in geographies that Whole Foods Markets are in, they’re significantly outpacing the growth of comparable grocers and the profit trajectory continues to trend the right way as well.”