Amazon to Enter Grocery Business with Whole Foods Purchase

That news at least partially overshadowed Wal-Mart's $310 million purchase of Bonobos.

"Even if they did compete. you'd have to look at the presence of (other grocery chains)", said Abbott, who argued that many Whole Foods stores are in close proximity to other grocery stores, which means antitrust enforcers might be satisfied there was adequate competition.

At a Whole Foods employee meeting on Friday, CEO and founder John Mackey proclaimed his excitement about Amazon's acquisition and gave some colorful background on how the deal went through.

Nan Griffith, a retired teacher, shops at a Whole Foods outside Detroit because of its selection of vegan products, including niche brands that aren't widely available elsewhere. There has been plenty of speculation that if Amazon really wanted to make a presence in the grocery space, it would need to do something major in the brick-and-mortar space. Whole Foods is also among its partners, though the fate of their five-year contract may now be up in the air. The online shopping giant will have at least 460 physical stores to try out new methods with its Amazon delivery service. Still, much is unknown about how the Amazon takeover will impact Whole Foods, the grocery industry, and grocery shoppers in general. Recently, 915 Labs, which manufacturers microwave assisted thermal sterilization equipment, announced it created signature dishes, including macaroni and cheese and an egg frittata, to launch in partnership with Amazon and a food company on the Amazon Exclusive platform. Shoppers skip the checkout line, and their Amazon accounts get automatically charged.

Amazon's surprise announcement of its acquisition of grocery chain Whole Foods is being viewed as disruptive for the grocery industry (see Amazon Could Upend The Grocery Market With Whole Foods Deal). "We've been assured. Over time, there could be other formats that evolve that - that might - wouldn't be branded Whole Foods Market, potentially, wouldn't be our standards".

In Jackson, Mississippi, 59-year-old Deborah Sullivan says she does order some items online, but when it comes to clothes and food, she prefers to touch and feel the items.

Cladding in 27 high-rise tower blocks in England fail fire tests
The apartments were evacuated after fire inspectors concluded that the buildings were unsafe because of pr. She said the fire service "told us they could not guarantee our residents" safety in those blocks'.

Culpepper, who owns Kroger Co shares, said Kroger is the company that would be most likely improve Whole Foods' efficiency, but that it would have difficulty matching Amazon's cash offer.

"This might be an opportunity for consumers who have felt that Whole Foods is inaccessible", said Lauren Beitelspacher, a marketing professor at Babson College in MA. "That's going to make us a lot better company, a more competitive company", he said.

Last month CNBC reported that Amazon was in serious discussions about breaking into the prescription drug business, and the move to acquire Whole Foods may be a strategic one, suggest some experts.

"Amazon already sells some private label groceries online", says IBISWorld's Hurley.

Amazon's wide-ranging data collection and sophisticated analysis helps it set prices and decide what offers to present to different customers.

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