Amazon expands grocery business; Costco brings back samples at some locations
Fox Business Briefs: The first Amazon Fresh grocery store opening to invited shoppers in Woodland Hills, California; Costco bringing back its samples at some locations, however only dry and pre-packaged goods will be available for tasting.
Grocers are looking to beef up their inventory ahead of the upcoming holiday shopping season and in preparation for a potential second wave of COVID-19.
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According to the Wall Street Journal, Associated Food Stores has recently started building “pandemic pallets” to ensure cleaning and sanitizing products are readily available in its warehouses to prepare for high demand through the end of the year.
“We will never again operate our business as unprepared for something like this,” Darin Peirce, vice president of retail operations for the cooperative of more than 400 stores told the outlet.
In addition, Hy-Vee CEO Randy Edeker, who oversees a chain of more than 240 supermarkets in the Midwest, told the Journal the company is stockpiling additional sanitizing, cleaning, and paper products when possible, though full variety hasn't returned.
Also building up their inventory ahead of the holidays is Ahold Delhaize, owner of the Giant and Food Lion chains, which said to be storing 10% to 15% more inventory than it did before the pandemic to ensure it won’t run out of fast-selling items.