Amazon is abandoning several of its Fresh stores and seeking tenants to sublease...
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Amazon is abandoning several of its Fresh stores and seeking tenants to sublease them and one landlord is suing over rent
Amazon is trying to sublease several planned Amazon Fresh stores in the Midwest.
It's also facing a lawsuit from its landlord at a location slated for Philadelphia.
Amazon has opened fewer Fresh stores for months, but grocery remains a priority for the company.
Amazon is looking for other tenants for some Amazon Fresh stores, and facing a lawsuit from a landlord at another, as new openings for the grocery chain slow down.
Six stores in the Minneapolis/St. Paul area and one outside Detroit have been listed for sublease through local real estate agents, according to Axios Twin Cities and Crain's Detroit Business, and Amazon reportedly has terminated the lease on a second metro Detroit site.
The locations are mostly in suburban areas, and some, such as one location in the Twin Cities, are located near other grocery stores, including a Walmart and regional chains such as Cub Foods and Hy-Vee, Winsight Grocery Business reported.
Amazon is also facing a lawsuit from its landlord at a planned Amazon Fresh location in Philadelphia, according to the Philadelphia Business Journal. Federal Realty Investment Trust is seeking $180,000 in rent and other expenses on a location in Willow Grove, a suburb north of the city. Amazon signed a lease for the location in April 2020, the Journal reported.
In October, Amazon told Federal that it planned "not to open all retail stores" that it had anticipated opening for 2023, Grocery Dive reported.
"Like any retailer, we periodically assess our portfolio of stores and make optimization decisions that can lead to closing existing locations or choosing not to pursue building a planned location," Jessica Martin, an Amazon spokesperson, told Insider.
Amazon has been slowing the pace of new Amazon Fresh store openings for the better part of a year. The company has decided to pause or pull the plug on some locations even after outfitting them with signage and other preparations for opening a store, the Information reported in December.
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