USA

Whole Food Shares Keep Rising, Leading to Bidding War Speculation

Whole Food Shares Keep Rising, Leading to Bidding War Speculation

Amazon spread its reach further into the retail industry on Friday when it announced its jaw-dropping acquisition of Whole Foods for $13.7 billion. This will help Whole Foods understand its customer better and have the right products at the right price at the right time. The online retailer is the fourth biggest company in the U.S., and accounts for 43 percent of all online sales there.

The market's instant reaction - Amazon's shares rallied while those of its competitors tumbled - sent a clear message: Investors are bullish on Amazon's success in the delicate business of fresh-food delivery, and they're anxious about its effect on established grocers like Target and Walmart.

The Apple Watch app for Whole Foods included shopping list functionality (as pictured above), allowing iOS app users to create shopping lists that sync automatically to the Watch for easy viewing while walking around the store shopping.

Whole Foods Market will continue to operate stores under its current brand and Mackey will maintain his position at the company.

Since launching its first drive-thru grocery store, "AmazonFresh", six years ago, Amazon has been trying with minimal success to make a dent in the online grocery space. The Whole Foods chain has 460 stores across the US.

"After adjusting for Australia's population, the Whole Foods acquisition is the equivalent of a 34 store, $1.5 billion turnover business in Australia".

Whole Foods, with Amazon backing, will expand brick and mortar much more quickly because of the financial power of Amazon. "Amazon isn't thinking how can it charge Prime members more money, Amazon is thinking how it can capture grocery spending while also increasing its margins".

UK official looking for 'positive' Brexit talks
Such firms sold 7.3 billion euros ($8.2 billion) worth of goods to customers in Britain a year ago , their fourth-biggest market. Davis also said the United Kingdom plans to set out its own negotiating aims for Brexit next Monday.

Its payment of $13.7 billion meant that Amazon now has ownership of over 450 physical locations of Whole Food stores in the US.

Amazon is expected to be disruptive to all retailers when it enters Australia, and could lead to a faster push in food delivery and lower prices. But a few other things might change eventually, as Amazon seeks to change its new spouse's reputation for pricey products.

Analysts said the Whole Foods deal could be a sign Amazon is willing to step up acquisitions. With stocks plummeting at rival supermarket chains in both Europe and the US, Amazon could now pose a real threat to traditional retail stores.

It will also put its Amazon Go model to the test.

Technology will replace the cashier jobs at Whole Foods, using sensor technology that's being pioneered at the experimental Amazon Go store concept in Seattle, according to the report.

The Whole Foods deal could also get more people to try grocery delivery, something many shoppers have been hesitant about because of concerns about meat and produce quality. According to insiders, about 10% of Instacart's business now comes from Whole Foods orders, but that seems likely to change.

Amazon understands same-day - in major cities - and two-day delivery.


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