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Amazon Inc Continues to Expand, Buys Whole Foods Market

Whole Foods Market was founded in 1978 and as organic food became all the rage, so did Whole Foods.A local expert says the $13.7 billion deal is strategic and will undoubtedly change the industry.Projected cost of Whole Foods purchase by Amazon.Whole Foods has hundreds of locations all over the country. (NASDAQ:WFM) in a deal valued at around $13.7 billion.Whole Foods has been lagging in the move to online commerce – its stores are in urban markets.Meanwhile, the more than 460 Whole Foods stores in the U.S., Canada and the United Kingdom could be turned into distribution hubs – not just for delivering groceries, but also as pickup centers for online orders.But Amazon CEO Jeff Bezos is also expanding his empire with the move to acquire Whole Foods Market, which spiraled Walmart and other mainstay shares.Whole Foods, which will keep its name, said in an email to customers that it will maintain its standards under Amazon, including bans on artificial flavors and colors and antibiotics in hens producing its eggs.Stock rates of supermarkets, food producers, processing companies, retailers, and shopping malls lost over U.S.$35 billion nearly immediately after the news was released, indicating the potential effect this could have on the various industries.Some of you might already buy some traditional grocery store items on Amazon, and they’ve previously experimented with an entirely self-serve physical grocery store.Both companies have a significant presence in Texas, making the Lone Star State a good place to test synergy, according to one marketing expert.The company has demonstrated an interest in the retail grocery store space for some time. The acquisition marks an enormous step for Amazon, moving the company from being a predominantly web-based retailer to one that operates physical stores too.Grocery shopping – you either love it or hate it.The post Amazon-Whole Foods Marriage Could Disrupt Grocery Business (NASDAQ:AMZN) appeared first on Market Exclusive.Whole Foods recently had come under pressure from activist hedge fund Jana Partners LLC, prompting it to overhaul its board.Whole Foods’ stock soared 29 percent.The Amazon-Whole Foods combo could put even more pressure on those chains and other big grocery sellers.— Wal-Mart Stores. The giant retailer sank $4.98, or 6 percent, to $73.91.The Amazon Go pilot store allows customers to choose items and then pay the bill automatically by just walking out of the store, all without going to a cash register.That, in turn, could help Amazon do better with pricing and promotions, branding and the overall store experience, said Robert Hetu, a retail analyst at Gartner.But down the line, Amazon may decide to wrap Whole Foods into AmazonFresh, its existing grocery delivery service for Prime customers, Cohen said.