Latest / Omni Talk Retail / Fast Five Shorts | Amazon To Open 8 New Amazon Fresh Stores
Transcript
- 0:00Amazon
- 0:01Fresh
- 0:01is
- 0:02not
- 0:02dead.
- 0:02Yes,
- 0:03according
- 0:04to
- 0:04Grocery
- 0:04Dive.
- 0:05Not
- 0:05dead
- 0:05yet.
- 0:07According
- 0:07to
- 0:07Grocery
- 0:07Dive,
- 0:08Amazon
- 0:08confirmed
- 0:08the
- 0:09opening
- 0:09of
- 0:09eight
- 0:09stores
- 0:10across
- 0:10five
- 0:10states
- 0:11and
- 0:11will
- 0:11continue
- 0:11to
- 0:12selectively
- 0:12add
- 0:12locations
- 0:13based
- 0:13on
- 0:14consumer
- 0:14response.
- 0:15After
- 0:15surpassing
- 0:16the
- 0:1650
- 0:16store
- 0:17mark
- 0:17in
- 0:17September,
- 0:18Amazon
- 0:18Fresh's
- 0:19footprint
- 0:19now
- 0:20consists
- 0:20of
- 0:2060
- 0:21stores
- 0:21after
- 0:21the
- 0:21company
- 0:22recently
- 0:22opened
- 0:22three
- 0:23stores
- 0:23in
- 0:24California,
- 0:24two
- 0:24in
- 0:25New
- 0:25York,
- 0:25and
- 0:26one
- 0:26each
- 0:27in
- 0:27Maryland
- 0:28and
- 0:28Pennsylvania
- 0:29and
- 0:29New
- 0:29Jersey.
- 0:29The
- 0:30company
- 0:30confirmed
- 0:31the
- 0:31locations
- 0:31range
- 0:32from
- 0:3231,000
- 0:32to
- 0:3359,000
- 0:34square
- 0:34feet.
- 0:34And
- 0:34Amazon
- 0:35is,
- 0:35quote,
- 0:35encouraged
- 0:36by
- 0:36early
- 0:37signs,
- 0:37end
- 0:38quote,
- 0:38coming
- 0:39from
- 0:39stores
- 0:40that
- 0:40follow
- 0:40the
- 0:40refresh
- 0:41design
- 0:41it
- 0:41debuted
- 0:42in
- 0:42Chicago
- 0:42and
- 0:42Southern
- 0:43California
- 0:43last
- 0:43year.
- 0:44Chris,
- 0:45do
- 0:45these
- 0:45Amazon
- 0:46Fresh
- 0:47new
- 0:47store
- 0:47openings
- 0:48change
- 0:48your
- 0:48mind
- 0:49at
- 0:49all
- 0:49about
- 0:49Amazon's
- 0:50grocery
- 0:50strategy?
- 0:51We're
- 0:51back
- 0:52talking
- 0:52about
- 0:52Amazon
- 0:53grocery
- 0:53strategy.
- 0:54And
- 0:55I'm
- 0:55thinking,
- 0:55I'm
- 0:55thinking,
- 0:55I'm
- 0:55thinking,
- 0:56I'm
- 0:56thinking,
- 0:56no,
- 0:57not
- 0:57a
- 0:57bit.
- 0:58Not
- 0:58a
- 0:58bit.
- 0:59Not
- 0:59a
- 0:59bit.
- 0:59No,
- 1:00no,
- 1:00no.
- 1:01You
- 1:01know,
- 1:02when
- 1:02I,
- 1:02when
- 1:02I
- 1:02read
- 1:02this
- 1:03headline,
- 1:03I
- 1:03think
- 1:03on
- 1:03the
- 1:03plus
- 1:04side,
- 1:04I
- 1:04could
- 1:04say
- 1:04that
- 1:04at
- 1:04least
- 1:05geographically,
- 1:06they're
- 1:06keeping
- 1:06them
- 1:06concentrated
- 1:07to
- 1:07specific
- 1:08markets,
- 1:08right?
- 1:08They're
- 1:08not
- 1:09like
- 1:09building
- 1:09one
- 1:09random
- 1:10one
- 1:10in
- 1:10Kansas,
- 1:11for
- 1:11example,
- 1:11you
- 1:11know,
- 1:12so,
- 1:12so
- 1:13that's
- 1:13good.
- 1:13That's,
- 1:14I
- 1:14mean,
- 1:15small
- 1:15win,
- 1:15but
- 1:15you
- 1:16got
- 1:16to
- 1:16take
- 1:16them
- 1:16where
- 1:16you
- 1:16can.
- 1:17But,
- 1:18but
- 1:18with
- 1:19that
- 1:19said,
- 1:19I
- 1:19think
- 1:19what
- 1:19I
- 1:19find
- 1:20most
- 1:20interesting
- 1:20about
- 1:21this
- 1:21headline
- 1:21is
- 1:21the
- 1:22undertone.
- 1:22You
- 1:22know,
- 1:23it's
- 1:23the
- 1:23undertone
- 1:24of
- 1:24the
- 1:24headlines.
- 1:24As
- 1:25I
- 1:25read
- 1:25about
- 1:25them
- 1:26this
- 1:26week,
- 1:26it's
- 1:26all
- 1:27about
- 1:27the
- 1:27quote,
- 1:27testing
- 1:28and
- 1:28learning.
- 1:28And
- 1:28those
- 1:28are
- 1:28my
- 1:29quotes,
- 1:29really.
- 1:29Those
- 1:29are
- 1:29Joey
- 1:30Tribbiani
- 1:30quotes.
- 1:30It's
- 1:31like
- 1:31it's
- 1:31all
- 1:31about
- 1:31testing
- 1:32and
- 1:32learning.
- 1:32It's
- 1:32not
- 1:33anything
- 1:33about,
- 1:33like,
- 1:34why
- 1:34people
- 1:35should
- 1:35change
- 1:35their
- 1:35grocery
- 1:36shopping
- 1:36habits
- 1:36and
- 1:37shop
- 1:37these
- 1:37new
- 1:38Amazon
- 1:38Fresh
- 1:38stores.
- 1:40And
- 1:40I
- 1:40got
- 1:40news
- 1:41for
- 1:41you,
- 1:41Amazon,
- 1:41once
- 1:41you
- 1:42get
- 1:42to
- 1:4260
- 1:43stores
- 1:43operating
- 1:44on
- 1:44both
- 1:44coasts
- 1:45in
- 1:45Illinois,
- 1:46it
- 1:46gets
- 1:46a
- 1:47lot
- 1:47harder
- 1:47and
- 1:47harder
- 1:48to
- 1:48refresh
- 1:49in
- 1:49those
- 1:50investments
- 1:50into
- 1:50something
- 1:51that
- 1:51is
- 1:51captivating.
- 1:52Because
- 1:52at,
- 1:53at
- 1:5360
- 1:53stores,
- 1:53and
- 1:54I
- 1:54mean,
- 1:54you
- 1:54know,
- 1:54it,
- 1:55you're
- 1:55already
- 1:55kind
- 1:55of
- 1:56a
- 1:56chain.
- 1:56You
- 1:57know,
- 1:57you're
- 1:57a
- 1:57chain,
- 1:57you're
- 1:58a
- 1:58grocery
- 1:58chain
- 1:58at
- 1:5960
- 1:59stores.
- 1:59And
- 2:00so
- 2:00generally
- 2:00speaking,
- 2:01when
- 2:01you're
- 2:01at
- 2:0260
- 2:02stores,
- 2:02you
- 2:02got
- 2:03a
- 2:03prototype
- 2:03that
- 2:04works.
- 2:04And
- 2:04that's
- 2:04not
- 2:05the
- 2:05case
- 2:05here
- 2:05if
- 2:05you're
- 2:06still
- 2:06testing
- 2:07and
- 2:07learning.
- 2:07So,
- 2:08you
- 2:08know,
- 2:08I
- 2:08think
- 2:09at
- 2:09the
- 2:09end
- 2:09of
- 2:09the
- 2:09day,
- 2:09we
- 2:09step
- 2:10back
- 2:10here.
- 2:10We
- 2:10think
- 2:11Amazon
- 2:11just
- 2:11got
- 2:11ahead
- 2:11of
- 2:12itself
- 2:12with
- 2:12just
- 2:12walkout
- 2:13technology
- 2:13being
- 2:13the
- 2:14hook
- 2:14and
- 2:14its
- 2:14expansion
- 2:15plans.
- 2:16And,
- 2:16you
- 2:16know,
- 2:16they're
- 2:16just
- 2:17likely
- 2:17saying
- 2:17test
- 2:18and
- 2:18learn
- 2:18because
- 2:18they
- 2:18quite
- 2:19honestly
- 2:19know
- 2:19they
- 2:19just
- 2:19don't
- 2:20have
- 2:20a
- 2:20strategy
- 2:20that's
- 2:21that
- 2:21captivating,
- 2:21that
- 2:22is
- 2:22that
- 2:22convincing,
- 2:23it's
- 2:23going
- 2:23to
- 2:23work
- 2:23right
- 2:23now.
- 2:24That's
- 2:24my
- 2:24opinion
- 2:24on
- 2:25this
- 2:25story.
- 2:25But
- 2:25I'm
- 2:25curious
- 2:26what
- 2:26you
- 2:26think.
- 2:26Yeah,
- 2:27I
- 2:27mean,
- 2:27I
- 2:27agree.
- 2:28I'm,
- 2:28I'm
- 2:29really
- 2:29curious
- 2:29as
- 2:30these
- 2:30stores
- 2:30are
- 2:30rolling
- 2:31out
- 2:31to
- 2:31see
- 2:32what
- 2:33is
- 2:33pulled,
- 2:34if
- 2:34anything
- 2:34from
- 2:35the
- 2:35tests
- 2:35that
- 2:35we've
- 2:35talked
- 2:36about
- 2:36over
- 2:36the
- 2:36last
- 2:37couple
- 2:37of
- 2:37weeks
- 2:37that
- 2:37are
- 2:37being
- 2:38conducted
- 2:38with
- 2:38the,
- 2:39you
- 2:39know,
- 2:40the
- 2:40attached
- 2:41automated
- 2:42warehouses
- 2:42or
- 2:43the
- 2:43attack,
- 2:44you
- 2:44know,
- 2:44the
- 2:44different
- 2:44concepts
- 2:45that
- 2:45they've
- 2:45been
- 2:45testing
- 2:46in
- 2:46some
- 2:46of
- 2:46the
- 2:47other
- 2:47newer
- 2:47stores.
- 2:48But
- 2:49the
- 2:49other
- 2:49thing
- 2:49too,
- 2:50Chris,
- 2:50for
- 2:50me,
- 2:50especially
- 2:51given
- 2:51the
- 2:52story
- 2:52we
- 2:52just
- 2:52talked
- 2:52about
- 2:53with
- 2:53Dollar
- 2:53General
- 2:54and
- 2:54Elf
- 2:54and
- 2:54you
- 2:54know,
- 2:55their
- 2:55expansion,
- 2:55especially
- 2:56as
- 2:56they
- 2:56go
- 2:56into
- 2:56food,
- 2:57like
- 2:57I
- 2:57think
- 2:58low
- 2:58prices
- 2:58are
- 2:59going
- 2:59to
- 2:59be
- 2:59key
- 3:00here
- 3:00and
- 3:00if
- 3:00I'm
- 3:01Amazon
- 3:01fresh,
- 3:02I
- 3:02think
- 3:02right.
- 3:02Based
- 3:03on
- 3:03what
- 3:03they've
- 3:03learned
- 3:04so
- 3:04far,
- 3:04like
- 3:05you
- 3:05are
- 3:05going
- 3:05to,
- 3:06to
- 3:07me
- 3:07the
- 3:07key
- 3:08benefit
- 3:08here
- 3:08is
- 3:08going
- 3:09to
- 3:09be
- 3:09can
- 3:09you
- 3:09get
- 3:10the
- 3:10lowest
- 3:10prices
- 3:11possible
- 3:11on
- 3:12the
- 3:12highest
- 3:12quality
- 3:13food?
- 3:13Like
- 3:13can
- 3:13you
- 3:14be
- 3:14the
- 3:14Elf
- 3:14beauty
- 3:15of
- 3:15food?
- 3:16Is
- 3:16that
- 3:17a
- 3:17survivable
- 3:18strategy
- 3:18for
- 3:19Amazon?
- 3:20Because
- 3:20it's
- 3:20not
- 3:21about
- 3:21the
- 3:21experience
- 3:22based
- 3:22shopping
- 3:22like
- 3:22you
- 3:23talked
- 3:23about.
- 3:23It's
- 3:23not
- 3:23about
- 3:24just
- 3:24walk
- 3:24out
- 3:24anymore.
- 3:25Like
- 3:25there's
- 3:25not
- 3:25enough
- 3:25of
- 3:26a
- 3:26reason
- 3:26to
- 3:26go
- 3:26to
- 3:27these
- 3:27stores.
- 3:28So
- 3:29I'm
- 3:30really,
- 3:30I'm
- 3:31really
- 3:31curious
- 3:31to
- 3:32see
- 3:32like
- 3:32what
- 3:32they
- 3:33do
- 3:33end
- 3:33up
- 3:33changing
- 3:34and
- 3:35hopeful
- 3:35that
- 3:35this
- 3:35isn't
- 3:36just
- 3:36like,
- 3:36you
- 3:37know,
- 3:37they've
- 3:37been,
- 3:37these
- 3:38stores
- 3:38have
- 3:38been
- 3:38vacant
- 3:39for
- 3:39seven
- 3:39years
- 3:39and
- 3:40they've
- 3:40decided
- 3:40to,
- 3:41you
- 3:41know,
- 3:41do
- 3:42a
- 3:42concept
- 3:42in
- 3:42here
- 3:43again
- 3:43or
- 3:44something.
- 3:44So
- 3:45it's
- 3:46there,
- 3:47there's
- 3:47a
- 3:47lot
- 3:48that,
- 3:48there's
- 3:49a
- 3:49lot
- 3:49that
- 3:49they
- 3:49have
- 3:49to
- 3:50do
- 3:50to
- 3:50win
- 3:50and
- 3:51I,
- 3:51I
- 3:51don't
- 3:51know
- 3:52that
- 3:52they're
- 3:52ready
- 3:52to
- 3:52do
- 3:53it
- 3:53based
- 3:53on
- 3:53what
- 3:53we've
- 3:53heard
- 3:54in
- 3:54the
- 3:54last
- 3:54few
- 3:54months.
- 3:55Well,
- 3:56you
- 3:56have,
- 3:56you
- 3:56bring
- 3:56up
- 3:56two
- 3:57questions
- 3:57I
- 3:57want
- 3:57to
- 3:57ask
- 3:57you
- 3:57based
- 3:57on
- 3:58what
- 3:58you
- 3:58said.
- 3:58So
- 3:58like
- 3:58one,
- 3:59well
- 3:59one,
- 3:59one
- 3:59more
- 3:59is
- 4:00a
- 4:00statement.
- 4:00The
- 4:00other
- 4:00one's
- 4:00a
- 4:00question.
- 4:01So
- 4:01like
- 4:01the
- 4:01first,
- 4:02the
- 4:02first
- 4:02one
- 4:02about
- 4:02low
- 4:03price,
- 4:03like
- 4:04how
- 4:04are
- 4:05you
- 4:05going
- 4:05to,
- 4:05how
- 4:05are
- 4:05you
- 4:05going
- 4:05to
- 4:05conceivably
- 4:06compete
- 4:06on
- 4:07scale
- 4:07and
- 4:07low
- 4:07prices
- 4:07when
- 4:07you
- 4:08have
- 4:08Walmart
- 4:08and
- 4:084600
- 4:09stores
- 4:09and
- 4:09you've
- 4:10got
- 4:10the
- 4:10likes
- 4:10of
- 4:10Aldi,
- 4:11you
- 4:11know
- 4:11as
- 4:11well,
- 4:11like
- 4:12that
- 4:12just
- 4:12seems
- 4:12like
- 4:12an
- 4:13impossible
- 4:13thing
- 4:13when
- 4:14you've
- 4:14got
- 4:1460
- 4:15stores
- 4:15of
- 4:16produce
- 4:16and
- 4:17meats
- 4:17and
- 4:17all
- 4:17that
- 4:17kind
- 4:17of
- 4:17stuff.
- 4:18So
- 4:18like
- 4:18that
- 4:18just
- 4:18seems
- 4:19impossible.
- 4:19But
- 4:19the
- 4:20other
- 4:20point
- 4:20I
- 4:20want
- 4:20to
- 4:20ask
- 4:20you
- 4:21about
- 4:21is
- 4:21like,
- 4:21because
- 4:22you
- 4:22brought
- 4:22up,
- 4:22you're
- 4:22interested
- 4:23in
- 4:23seeing
- 4:23the
- 4:23tests,
- 4:24right?
- 4:24Like
- 4:24you
- 4:24know,
- 4:25do
- 4:25they
- 4:25start
- 4:25incorporating
- 4:26some
- 4:26of
- 4:26the
- 4:26other
- 4:26tests
- 4:26we've
- 4:26seen,
- 4:27like
- 4:27the
- 4:27warehouse,
- 4:28you
- 4:28know,
- 4:28in,
- 4:29you
- 4:29know,
- 4:29alongside
- 4:30the
- 4:30store
- 4:30or
- 4:30whatnot.
- 4:31But
- 4:31like,
- 4:31I'm
- 4:31asking
- 4:32you,
- 4:32does.
- 4:32I
- 4:32mean,
- 4:32we've
- 4:33talked
- 4:33about
- 4:33this
- 4:33a
- 4:33little
- 4:33bit,
- 4:33but
- 4:34I
- 4:34don't
- 4:34think
- 4:34we
- 4:34talked
- 4:34about
- 4:34it
- 4:34as
- 4:35overtly.
- 4:35Like,
- 4:35does
- 4:36the
- 4:36idea
- 4:36that
- 4:36you
- 4:37can
- 4:37buy
- 4:38Pepsi
- 4:38from
- 4:38a
- 4:38micro
- 4:39warehouse
- 4:39while
- 4:40you're
- 4:40shopping
- 4:40a
- 4:40store
- 4:41make
- 4:41you
- 4:41want
- 4:42to
- 4:42go
- 4:42to
- 4:42that
- 4:42store?
- 4:43No,
- 4:43no.
- 4:44Like,
- 4:44it
- 4:44doesn't.
- 4:44It
- 4:45doesn't
- 4:45do.
- 4:45It
- 4:45does
- 4:46Jack
- 4:46all
- 4:46for
- 4:47me,
- 4:47honestly,
- 4:47like,
- 4:48that
- 4:48doesn't
- 4:48make
- 4:48me
- 4:48want
- 4:48to
- 4:49switch
- 4:49from
- 4:49Kroger
- 4:50or
- 4:50Walmart
- 4:50or
- 4:51anywhere
- 4:51else
- 4:51I'm
- 4:51going.
- 4:52Like,
- 4:52does
- 4:52it?
- 4:53I
- 4:53mean,
- 4:53when
- 4:53you
- 4:54think
- 4:54about
- 4:54it.
- 4:54That
- 4:54way,
- 4:55yeah,
- 4:55it's
- 4:56another
- 4:56step.
- 4:56It's
- 4:56like
- 4:57kind
- 4:57of
- 4:57the
- 4:57opposite,
- 4:58which
- 4:58is
- 4:58funny.
- 4:58It's
- 4:58kind
- 4:58of
- 4:58the
- 4:59opposite
- 4:59of
- 4:59what
- 4:59just
- 4:59walk
- 5:00out
- 5:00would
- 5:01to
- 5:01do.
- 5:01It's
- 5:02like,
- 5:02now
- 5:02we're
- 5:03gonna
- 5:03create
- 5:03a
- 5:04new
- 5:04grocery
- 5:04store
- 5:04and
- 5:05you're
- 5:05gonna
- 5:05have
- 5:05to
- 5:05shop
- 5:06another
- 5:06new
- 5:06way
- 5:06that's
- 5:07less
- 5:07convenient.
- 5:08Like,
- 5:08now
- 5:08you
- 5:08have
- 5:08to
- 5:09put
- 5:09in
- 5:09your
- 5:09order
- 5:09for
- 5:10your
- 5:10Pepsi
- 5:11and
- 5:11your
- 5:11lay's
- 5:11potato
- 5:12chips
- 5:12in
- 5:12a
- 5:13separate
- 5:13way
- 5:13than
- 5:14you.
- 5:14You
- 5:14could
- 5:15have
- 5:15before,
- 5:15or
- 5:16you
- 5:16could
- 5:16just
- 5:16go
- 5:16to
- 5:16Kroger
- 5:17across
- 5:17the
- 5:17street
- 5:17and
- 5:17get.
- 5:18Get
- 5:18it
- 5:18all
- 5:18done
- 5:18in
- 5:18one.
- 5:19One
- 5:19fell
- 5:19swoop.
- 5:19But
- 5:20yeah,
- 5:20it
- 5:21reminds
- 5:21me
- 5:21of
- 5:21the
- 5:21analogy
- 5:21that
- 5:22somebody
- 5:22told
- 5:22us
- 5:22when
- 5:22we
- 5:22started
- 5:23entrepreneurship,
- 5:23where
- 5:23they
- 5:23said
- 5:24entrepreneurship
- 5:24is
- 5:24like
- 5:25you're
- 5:25drowning
- 5:25trying
- 5:25to
- 5:26save
- 5:26a
- 5:26kid,
- 5:26and
- 5:26somebody
- 5:27throws
- 5:27another
- 5:27kid
- 5:28and
- 5:28asks
- 5:28you
- 5:28to
- 5:28save
- 5:28them
- 5:29too.
- 5:29You
- 5:29know,
- 5:30like,
- 5:30here
- 5:30you
- 5:30go.
- 5:31That
- 5:31kind
- 5:31of
- 5:31feels
- 5:31like
- 5:31Amazon's
- 5:32grocery
- 5:32strategy
- 5:33right
- 5:33now.
- 5:33I
- 5:33don't
- 5:33know.
- 5:34But
- 5:34hey,
- 5:36gotta
- 5:36do
- 5:36what
- 5:36you
- 5:36gotta
- 5:37do.
- 5:37Test
- 5:37and
- 5:38learn.
- 5:38Test
- 5:38and
- 5:38learn,
- 5:39always.
- 5:39You
- 5:39can
- 5:40never
- 5:40argue
- 5:40with
- 5:40test
- 5:40and
- 5:40learn.
- 5:41Never.
- 5:41Oh,
- 5:42God.
- 5:42The
- 5:42cities
- 5:42are
- 5:43probably
- 5:43happy
- 5:43that.
- 5:44That
- 5:44they're
- 5:44going
- 5:44back
- 5:45into
- 5:45these
- 5:45vacant
- 5:45buildings
- 5:46that
- 5:46have
- 5:46been
- 5:46sitting
- 5:46there.
- 5:47At
- 5:47least
- 5:47I'm
- 5:48sure
- 5:48that's
- 5:48the.
- 5:49That
- 5:49might
- 5:49be
- 5:49the
- 5:50part
- 5:50of
- 5:50this.
- 5:51Yeah.