![]() Amazon has long viewed grocery as a key to unlock more consumer spending. ![]() The remarks show how Amazon, which just a year ago said it would close its bookstores to focus on grocery, has yet to dominate brick-and-mortar retail since its closely watched acquisition of Whole Foods Market in 2017. What the company needs is a distinctive store format that's doing well financially before embarking on a major expansion, a formula Amazon hopes to find this year, he said. 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. ![]() Feb 2 (Reuters) - Inc (AMZN.O), the online retailer long feared to disrupt the grocery sector, believes it has fallen short. ![]()
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