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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