Amazon’s Grocery Push Keeps Stumbling After Whole Foods Purchase
- Grocery shopping activity dropped in 2018, UBS survey finds
- Average Amazon online grocery order smaller than retailers
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Amazon.com Inc. continues to struggle in the $840 billion grocery market, more than a year after it spooked the industry with the $13.7 billion acquisition of Whole Foods.
The number of Amazon Prime members who shop for groceries at least once a month declined in 2018 compared with 2017, according to the results of an annual consumer survey released Wednesday by UBS analysts. The drop was surprising given the company’s Whole Foods investment and expansion of two hour delivery service Prime Now, the analysts wrote in a note to investors.