Amazon to aqcuire Whole Foods

[NumLock21]

There almost nothing you can't buy on Amazon and now people can get fresh groceries too. Yes there is Amazon Fresh, but that's not the point. Amazon wanting a piece of the food business, is said to acquire Whole Foods Market for $13.7 billion dollars, where it's probably going to finalized in the 2nd half of this year.

Amazon Founder, Jeff Bezos said,

Quote

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy. Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.”

Whole Foods will continue to sell items under their own brand, with their HQ remaining in Austin, and chief executive of Whole Foods John Mackey, will get to keep his job position.

 

http://wccftech.com/amazon-whole-foods-acquisition-13-7-billion-usd/

https://www.bloomberg.com/technology

http://www.wholefoodsmarket.com/

[The_Denks]

Im looking forward to this mainly because i see all of these Whole Food's stores getting the Amazon Go tech

[vanished]

With my current location, the history of where my Amazon packages come from, and the chart above all in mind, I am now very confused.

[Taf the Ghost]

25 minutes ago, Ryan_Vickers said:

With my current location, the history of where my Amazon packages come from, and the chart above all in mind, I am now very confused.

Amazon has been rolling out a lot of new locations.  The smaller ones have a much lower stock than others. Amazon is clearly heading for much tighter vertical integration with the supply chain.  Some people that live near the big distribution centers are getting products in a couple of hours.

[Chasem121]

As a mail carrier...

? ?

[aubryscully]

5 hours ago, Chasem121 said:

As a mail carrier...

? ?

Job security? At least until drone deliveries become feasible

[Ertman]

It's funny how this online giant who were putting the squeeze on physical stores is pushing to become more and more of a brick and mortar store themselves.

[Taf the Ghost]

10 minutes ago, Ertman said:

It's funny how this online giant who were putting the squeeze on physical stores is pushing to become more and more of a brick and mortar store themselves.

Realistically, they're becoming something like an "within the day" mail-order catalog. A lot of their reach was limited because of trying to avoid Tax issues, but tech & States caught up to all that so they've shifted.

[JAKEBAB]

No surprise since they already announced they would be breaking into the Australian food market later this year iirc. Amazon is becoming the google of things lol.

[mr moose]

3 hours ago, JAKEBAB said:

No surprise since they already announced they would be breaking into the Australian food market later this year iirc. Amazon is becoming the google of things lol.

 

Apparently they'll have a hard time doing that. 

 

http://www.news.com.au/finance/business/retail/retail-expert-reveals-why-amazon-might-struggle-in-australia/news-story/8c4d3c1c4506161f55e4a341775cf329

 

I've also heard from other sources that only about 3% of Aussies buy food online and a further 30% said they would only consider it in the future. 

 

I recon if they come here this year it is not to take the market by storm but only to setup a presence for when the tide changes.  

[Scitesh]

 

 

 

9 hours ago, Ertman said:

It's funny how this online giant who were putting the squeeze on physical stores is pushing to become more and more of a brick and mortar store themselves.

they didn't acquire a single company but they also got 400+ distribution centers in uptown and densely populated areas