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Amazon moves ahead on grocery plan

Amazon BB #:283186 plans to open a handful of grocery stores in the U.S. as early as later this year.

The Wall Street Journal reported the online retailer plans to open stores in Los Angeles, Chicago and Philadelphia and has already signed more than a dozen leases.

Sources told the Journal the stores will stock mainstream groceries in addition to prepared foods. It does not intend for the stores to compete with the 16 existing Amazon Go stores or its Whole Foods Markets BB #:147784.

Amazon didn’t respond to questions on what the stores’ produce selection would look like.

The Journal also reported that Amazon is looking at grocery locations in the New York area, New Jersey and Connecticut.

Greg Johnson is Director of Media Development for Blue Book Services