Markets

Now That Amazon Bought Whole Foods, What's next for Shopping?

Now That Amazon Bought Whole Foods, What's next for Shopping?

But Whole Foods has lost market share to rivals Kroger Co, Wal-Mart Stores Inc, Costco Wholesale Corp and others that have elbowed into the natural and organic segment Whole Foods pioneered.

The Amazon deal was struck after the companies agreed that John Mackey would remain Whole Foods' chief executive. Mackey asked. "It was actually mutual friends set us up on a blind date". Amazon, which made a splash previous year with a checkout-free grocery store, has said it has no plans to automate the jobs of Whole Foods cashiers. Instead, Amazon is adding its own logistics network because it simply can't have enough - not surprising considering the company was responsible for 43 percent of all online sales in the US past year. In a lengthy profile by Texas Monthly, he says that Goldman Sachs CEO Lloyd Blankfein was eager to court his business when Whole Foods first came under pressure from an activist investor to look for a takeover.

"We just had these big grins on our faces, like, "These guys are fantastic.' They're so smart". Amazon's grocery efforts have been largely focused on the USA thus far, but it has grocery delivery operations in the United Kingdom and partnerships with chains like Morrisons. Amazon "didn't put this out of reach for everybody else" in terms of price, he said.

Any of the big grocery chains that bid on Whole Foods would likely win antitrust approval to buy the premium grocery chain, according to three antitrust experts.




"Consumers want to know what they're getting and putting in their bodies", said Madeline Hurley, a senior analyst at market research firm IBISWorld.

"I like to go out and pick out my produce myself and just go out so I can get out of my house", said Elisabeth Maxfield, who was shopping at Shaw's in North Deering.

"Like an old traditional marriage, where there are all kinds of rules and chaperones, we can't consummate the marriage until we're officially hooked up", he said. "This is not a Tinder relationship".

In the USA "this adds 440 refrigerated warehouses within 10 miles of probably 80 percent of the population", said Michael Pachter, an analyst for Wedbush Securities. What the online retail behemoth is planning with the Whole Foods deal and its 460 brick and mortar locations throughout the US, Canada, and the United Kingdom is anyone's guess, but as Business Insider points out, this may be a pivotal step in the future of grocery shopping. There's no better company in the entire world for Whole Foods Market than this company right here. "I dreamed that we merged with Amazon", he said. Its stores boasted longer lines despite the higher prices Whole Foods is known for. And so now, today, it's coming true. Whole Food Market Inc had suffered a huge downfall in their share prices since 2013 when their share prices were at its peak and nearly double of what it is right now.


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