By now, most of the country has probably heard that Amazon.com, Inc. Amazon, though its Prime benefits program has created strong loyalty, has a long way to go before it's a default choice in groceries as it often is for books and electronics.
A Purdue University professor says the Amazon purchase of Whole Foods is a big disruption and a wake-up call for all grocery stores. The Amazon and Walmart were trying to buy the Whole Food Market from more than one year.
In addition to its e-commerce might, Amazon is no slouch in the technology realm.
Writing on the Harvard Business Review site, Darrell K. Rigby, a partner in the Boston office of Bain & Company, noted that, despite Amazon's forays into grocery, food was still considered a relatively safe category for traditional retailers. A Bloomberg source said the company would look to trim headcount, which would likely include cashiers, though a spokesperson for Amazon said it was not planning to cut jobs. "I think you're gonna see Whole Foods Market evolve in leaps and bounds". Whole Foods also declined to comment.
How quickly items get delivered "is going to have to be improved considerably" for customers to order something online instead of going to the prepared-foods counter at the supermarket, she said.
Anthem Health Drops Out Of 2 More State Obamacare Exchanges
The companies join a list of major insurers who have already left the marketplace, including UnitedHealthCare, Humana and Aetna. The statement also indicates that those who have individual or family plans will have coverage through December 31, 2017.
Amazon for years has been looking for more ways to gather information about how consumers shop.
Even Amazon once looked at buying the privately held company when the online behemoth was launching its AmazonFresh business in NY several years ago, a food wholesale executive told The Post.
Whole Foods has 430 stores nationwide including three in Indiana.
Shoppers typically use their phone app to scan books for prices in the stores, connecting their online profiles with their browsing in the real world - not just online.
Amazon has been dipping its toes in groceries since it launched its Amazon Fresh delivery service a decade ago in Seattle, and expanded it to California, New York, and the Philadelphia area. The company tested that format for six years before expanding it to other cities, and like the rest of its e-commerce business, it's entirely dependent on delivery.
Long stretch of Gulf Coast eyes Tropical Storm Cindy
At worst, the storm could flood neighborhoods outside the city's levee system and cause flash flooding even in protected areas. Cindy's tropical-storm-force winds extend outward up to 275 miles, according to the National Hurricane Center .
He also expects that Amazon will demand lower prices from food manufacturers than Whole Foods has.
The companies assured last week that all stores will continue to operate under the Whole Foods' brand and that co-founder John Mackey would be kept on as chief executive, while its headquarters would stay in Austin, Texas. Whether it's entirely accurate or not, I think most consumers shop at Whole Foods because the products there are perceived to be superior to comparable products at other retailers.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Many experts believe Amazon would use its vast distribution system to help streamline Whole Foods' operations. "They let you do your business, but they just let you do your business better". After all, as Mackey said in the press release about the deal, the acquisition is "an opportunity to maximize value for Whole Foods Market's shareholders, while at the same time extending our mission and bringing the highest quality experience, convenience and innovation to our customers". Jeremy Bowman owns shares of Kroger.
Whole Foods CEO John Mackey says the deal to be acquired by Amazon was the result of a "whirlwind courtship". The Motley Fool has a disclosure policy.
Google's search engine aims to become employment engine
Google is also partnering with LinkedIn, Monster, WayUp, DirectEmployers, CareerBuilder, Glassdoor and Facebook for job listings. The company said it has encouraged all job providers to make openings available through the new Google career search.