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Source: CNBC, 3/8/18
A small footnote in Amazon's annual report shows the kind of financial commitment the company is making to the grocery business, beyond the $13 billion it spent last year on Whole Foods. Amazon's "unconditional purchase obligations," a required disclosure for future payment agreements, ballooned to $24.2 billion in 2017, according to its 10-K filing last month. Amazon had just $1.6 billion of such obligations prior to the Whole Foods deal, and never had more than $2 billion in company history. For more of this story, click here.
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