Amazon Buying Whole Foods Could Mean Pain for Costco
Amazon Buying Whole Foods Could Mean Pain for Costco
Now That Amazon Bought Whole Foods, What's next for Shopping?
24 Giugno, 2017, 02:54
Amazon.com's plan to buyWhole Foods Market Inc. sparked an avalanche of discussion about how the online retail giant could transform the USA grocery industry in the years ahead.
Cantor Fitzgerald views Amazon's acquisition of Whole Foods as a potentially transformative transaction for Amazon and for the industry overall, as it firmly establishes Omnichannel commerce as a the new standard in retail. And Whole Foods shares climbed 29 percent to $42.68 Friday - more than the $42 deal price - indicating investors expect another bidder may emerge. Already the behemoth of online retailers, Amazon will now dramatically expand its physical presence, courtesy the 460 Whole Foods stores worldwide.
Amazon is known for driving sales at the expense of profits, Stifel analyst Mark S. Astrachan noted, saying the company will likely maintain that approach as it looks to build market share in groceries.
Amazon has been dipping it's toes into the fresh food market for quite some time now, with its grocery delivery and pickup service, AmazonFresh. "Whole Foods is expensive enough".
The deal comes after Whole Foods has been pressured as a key sales figure has declined.
"Grubhub is the nation's leading online and mobile food-ordering company, and we're focused on innovating to make it easy for millions of diners to order from the broadest, best set of restaurants", she wrote in an email.
What this deal means for food manufacturing is unclear yet. "It is really fascinating to think how the landscape could change if this deal goes through", Giammona says.
Grocers trying to compete with the threat of a combined Amazon and Whole Foods will have to make changes.
"I think there's the argument that Amazon acquired Whole Foods for free", he said.
Cowen senior internet analyst John Blackledge, also on "Squawk Alley", didn't say whether he thought Grubhub could be on Amazon's takeover list. In fact, the footprints of Amazon and Whole Foods are strikingly similar in many respects. The filing contained a transcript of a town hall meeting for Whole Foods employees.
However, Amazon has been signaling its interest to enter the food industry.
In his address, Mackey hinted at his answer to one of the big questions hanging over the Amazon-Whole Foods merger.
The company opened its first physical food store in Seattle previous year, as well as a host of Amazon Books stores.
Adrienne Anderson, at a Whole Foods in Savannah, Georgia, says she shops at Whole Foods nearly exclusively for meat and fresh produce "because of the quality and selection" and because fruits and vegetables are locally sourced.
"Very few entities could outbid" Amazon, Short said.
Whole Foods Market, founded in 1978, is a natural and organic foods supermarket and certified organic grocer with approximately 87,000 staff members across the company.
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