Amazon CEO doubles down on grocery store business

Amazon.com Inc Chief Executive Andy Jassy has vowed to double down on the ecommerce giant’s struggling grocery store business, the Financial Times reported on Monday.

Jassy blamed a lack of normalcy during the pandemic for a series of stumbles and said the company was ready to “go big” on bricks-and-mortar stores, the report added.

Amazon did not immediately respond to a Reuters request for comment.

The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the right recipe for success, Jassy said, in a rare appearance on the company’s quarterly results call earlier this month.