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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