Justin King: Amazon, Whole Foods and the importance of bricks and mortar to grocery



In a recent Citywire interview, ex Sainsbury's CEO Justin King discussed the importance of supermarkets to the grocery operators.


Key takeaways:


- Omnichannel stores (facilitating in store shopping and online fulfilment) are key for sales generation and online distribution


- Supermarket yields trade far above that of distribution warehouses - despite omnichannel supermarkets offering similar characteristics as last mile logistic centres


- The Amazon purchase of Whole Foods highlighted the importance of well located bricks and mortar stores for a successful grocery business


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Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

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