Venerdì, 17 Novembre, 2017

Amazon's acquisition of Whole Foods will be completed on Monday

Amazon opens its grocery delivery service to Amazon Business customers Amazon will lower Whole Foods prices right away and Prime members will get special discounts
Sveva Terracina | 25 Agosto, 2017, 03:14

Amazon is wasting no time putting its stamp on Whole Foods.

Amazon's announcement comes a day after Whole Foods shareholders gave their approval and the Federal Trade Commission said it would not block the purchase.

Target shares fell 4 percent, closing at $54.21. The company also said certain Whole Foods products will be available through Amazon.com, AmazonFresh, Prime Pantry and Prime Now. "Start shopping Fresh for your everyday office grocery items today", the email reads. Members of Amazon's Prime program will get special savings and in-store benefits through the integration, the companies also said.

A major boon: 90% of Amazon Prime subscribers live within 10 miles of a Whole Foods store.


"It does not look like they will go kamikaze on pricing", said Roger Davidson, president of consulting firm Oakton Advisory Group and a former retail executive. Starting Monday when the acquisition is closed, Amazon will begin lowering prices for a variety of goods found within the store. Whole Foods wins because now they have the ability to charge less for their products because Amazon is so big, they can be more efficient to afford to lower prices.

Amazon calls the price drop a "down payment" on its vision of making "high-quality, natural and organic food affordable for everyone".

Criticizing the company, he said, "Amazon is doing great damage to tax paying retailers". "Long-term, this strategy works because the absolute profit dollars can still be significant". It introduced its own generic brand, distributed digital coupons, and launched lower-price spinoff stores in select markets.

With regulatory hurdles now cleared, Amazon said it intends to finalize the deal sometime later this year, giving the tech giant an opportunity to bolster its grocery delivery services. SFM, -6.57% was down 3.6% and Wal-Mart Stores Inc. Judging from the press release, it sounds like these are not temporary, promotional discounts, but part of a longer-term plan to make Whole Foods a place where everyone can shop.

Consigliato

  • 'Safe havens for terrorist organisations', Trump's direct attack on Pakistan

    'Safe havens for terrorist organisations', Trump's direct attack on Pakistan

    Consequences could include Pakistan's loss of status as a non-NATO ally and cuts to aid. Timeline: How did US-Pakistan relations go sour? We applaud them for that.

    Samsung is working on an Amazon Echo competitor

    "What Samsung has done with the Note 8 is to extend its Infinity Display design language from the Galaxy S8/8+ line", Lam said. Interestingly, the Note 8 would also feature DeX to connect your Desktop, Mouse and Monitor to offer PC like environment.
    Samsung confirms it's working on a smart speaker

    Samsung confirms it's working on a smart speaker

    It is not clear if this is a further redesign to the enhancements introduced on the Note 7 which consumers never got to try out. You know it's coming - the Samsung Galaxy Note8 and Apple iPhone 8 will compete for dominance of the premium smartphone market.
  • Season 7, Episode 7

    Season 7, Episode 7 "The Dragon and the Wolf" preview images

    The Game of Thrones episode will clock it at 79 minutes and 43 which nearly makes it a contender for a feature-length film. Following the airing of the latest episode of Game Of Thrones , fans have taken to social media to voice their distress.
    The Galaxy Note 8 has arrived and it won't be exploding

    The Galaxy Note 8 has arrived and it won't be exploding

    The memory is also expandable up to 256GB should you need plenty of room for photos and the S Pen is still provided with the Note. In Taiwan, the model will be offered in Orchid Gray, Maple Gold and a limited edition pink color , the company added.
    Williams-Sonoma (WSM) Q2 Earnings & Revenues Top, Shares Up

    Williams-Sonoma (WSM) Q2 Earnings & Revenues Top, Shares Up

    Currently, the stock carries a price to earnings ratio of 6.32, a price to book ratio of 1.45, and a price to sales ratio of 0.33. Revenues are projected at $5.165 billion to $5.265 billion, while adjusted earnings per share are projected at $3.45 to $3.65.
  • U.S. asks India, Pak to engage in talks to reduce tensions

    Better, then, to identify areas of potential cooperation with Afghanistan and the USA than to allow matters to further unravel. President Trump delivers a speech on Afghanistan and South Asia policy, in Fort Myer, Virginia on Monday, August 21, 2017.
    Robert Lee : Victim of his name, sportscaster pulled from Virginia game

    Robert Lee : Victim of his name, sportscaster pulled from Virginia game

    Lee , a Confederate traitor, ESPN has taken the bold move of removing Robert Lee , an Asian-American broadcaster. Robert Lee became a trending topic on Twitter overnight as the network's decision was widely met with criticism.
    Manchester United will be

    Manchester United will be "very hard to stop", says Ryan Giggs

    United already have two straight 4-0 wins in the bank and another convincing victory will prove they mean business this year. Despite Leeds finishing 17 and only two points above relegation, Dorigo made it into the Premier League Team of the Season.
  • Tottenham drawn with back-to-back winners Real Madrid in Champions League

    Tottenham drawn with back-to-back winners Real Madrid in Champions League

    Drawing Los Merengues could be a blessing in disguise, however, as it would preclude drawing either of the top sides from Pot 2 . The remaining 32 sides in the Uefa Champions League will find out who they are going to be put with in the group stages.

    White House relationship with the GOP is 'fine,' press secretary says

    Corker was unrelenting, these people said, and told Trump the bill was going to pass both houses with bipartisan support. On health care, Congress and Trump could get help from someone who once faced these kind of legislative battles.
    SC privacy ruling should protect misuse of private date:CPI(M)

    SC privacy ruling should protect misuse of private date:CPI(M)

    The Supreme Court also ensures my right now to consume beef and alcohol as well as practise homosexuality. But that does not mean the right does not exist as it has be deduced from the constitution".

Trump blames Ryan, McConnell for veterans bill 'mess' Trump blames Ryan, McConnell for veterans bill 'mess' Democrats are uniformly opposed to Trump's wall and say the responsibility for a shutdown would rest exclusively with Republicans. What happened to Trump and McConnell? The GOP also wants to push through a major tax reform.

Rhys Hoskins providing fantasy value down stretch Rhys Hoskins providing fantasy value down stretch As the inning continued, Marcell Ozuna hit a two-run shot off Jesen Therrien's offering, which extended the Marlins' lead to 9-4. Tommy Joseph also homered and drove in three runs while rookie Nick Williams drove in the other two runs for Philadelphia .

Protests at Trump rally in Phoenix Protests at Trump rally in Phoenix He claimed The Times apologised to him after he won the November election and called The Post "a lobbying tool for Amazon". Noting the popular sheriff was " convicted for doing his job", he implied the presidential pardon would be coming soon.

Atlanta Hawks: Kyrie Irving Trade Sets Back Rebuild Atlanta Hawks: Kyrie Irving Trade Sets Back Rebuild Irving may have asked to leave, but in Thomas new General Manager Koby Altman now has one of the NBA's elite scoring point guards. Plus throw in the draft prospects with the Nets first round pick in next years draft, the Cavaliers just got stronger all around.

New US sanctions against N. Korea could bite New US sanctions against N. Korea could bite A manager surnamed Lan at Jinhou was reluctant to discuss the issue, but said he was unaware that the company had been sanctioned. The new sanctions are part of a broader U.S. effort to disrupt the flow of cash funding North Korean weapons programmes.

US Navy Suspends Sea Search For Missing Sailors From USS McCain US Navy Suspends Sea Search For Missing Sailors From USS McCain He was reportedly working out at the time of the collision that struck not far from his sleeping quarters, flooding that area. Cynthia Kimball said Wednesday that her son, 20-year-old John Hoagland, has served aboard the warship since October.

Inventor's lawyer reacts in submarine death case Inventor's lawyer reacts in submarine death case Cops have since found traces of Miss Wall's blood inside the submarine, even though the vessel had to be raised from the seabed. Her head, arms and legs had been "deliberately cut off" and searches are continuing for the rest of the body.

Fiat Chrysler Automobiles NV (F) PT Set at €14.00 by Morgan Stanley Fiat Chrysler Automobiles NV (F) PT Set at €14.00 by Morgan Stanley Creative Planning raised its position in shares of Fiat Chrysler Automobiles NV by 34.4% in the first quarter. The share has a valuation of $21.98 B, a price to earnings ratio of 6.61 along with a stock beta of 1.72.

Champions League 2017-18 seeding: Who's in pot 1? Champions League 2017-18 seeding: Who's in pot 1? No two teams from the same pot can be drawn in the same group, and two sides from the same country cannot be drawn together. Along with them is Real Madrid , Monaco , Juventus, Benfica , Spartak Moscow , Bayern Munich and Shakhtar Donetsk .

Nandan Nilekani returns to lend Aadhar to Infosys Nandan Nilekani returns to lend Aadhar to Infosys The letter expresses disappointment and anguish at the manner in which Infosys board has responded to Murthy's questions. A report by News18, citing CNBC TV18, says that Nilekani's role at Infosys would be "cleared" within the next 48 hours.

Capitolo Schick: l'Inter non chiude, Giuntoli potrebbe approfittarne. Le ultime Capitolo Schick: l'Inter non chiude, Giuntoli potrebbe approfittarne. Le ultime L'attaccante della Sampdoria è infatti conteso da Inter e Roma e importanti novità potrebbero esserci nelle prossime ore. Schick , che si era promesso all'Inter , non avrebbe problemi a sposare la causa giallorossa.

Ryan: We Will Fund Border Wall Ryan: We Will Fund Border Wall USA yields were just 2 basis points above the 2.16 percent level struck last week, which was the lowest since June 27. A local political analyst said he doesn't believe the government will shut down because of the border wall funding.

Harvey Regenerates Into A Tropical Depression Harvey Regenerates Into A Tropical Depression The remnants of the tropical system known as Harvey could redevelop in the Gulf of Mexico today and head toward the Texas coast. That system, Invest 92L , is expected to move to the west-northwest toward South Florida and then turn more to the northwest.

Google's Pixel 2 flagship will reportedly launch on October 5 Google's Pixel 2 flagship will reportedly launch on October 5 Other rumored specs include a 6-inch QHD display on the bigger Pixel 2 XL and a 5-inch full HD panel on the 5-inch Pixel 2. Still, questions abound with the Google Pixel 2, including what it will cost and exactly when it will hit store shelves.

12 dead in Hong Kong typhoon 12 dead in Hong Kong typhoon Numerous flights and trains were cancelled in Guangdong province, with Shenzhen's International Airport particularly badly hit. At the Asian close Wednesday, 380 CST bunker fuel for delivery in Hong Kong was assessed at $325/mt, down $1/mt from Tuesday.