Amazon reportedly planning to build a series of physical stores selling groceries

The $397bn internet retailer is said to be building a chain of stores and drive-through locations where customers can pick up groceries ordered online

Amazon's next step in its global domination of commerce could be much closer to home. The internet retailer, which has grown into a $397bn company in the 22 years since its founding, is reportedly planning to build a series of bricks and mortar corner stores selling milk, meat, orange juice and newspapers to further cement its recent expansion into the grocery market.

The company, founded by multibillonaire Jeff Bezos in 1994, is said to be preparing to build a chain of convenience stores as well as drive-through locations where customers can pick up groceries ordered online that day as they commute home.