Amazon to Buy Whole Foods for $13.7 Billion

[newarkhiphop]

Amazon to buy Whole Foods for $13.7bn - BBC News


Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet.

Amazon, which has been experimenting with grocery offerings, will buy the upscale supermarket for $42 a share.

Founded in 1978 in Texas, Whole Foods was a pioneer of the move towards natural and organic foods.

It has grown to more than 460 stores in the US, Canada and the UK, and employs about 87,000 people globally.

Amazon founder and chief executive Jeff Bezos said: "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy.

"Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades - they're doing an amazing job and we want that to continue."

 

[Captain Crunch]

 

[Leasy]

Major

 

[Kamikaze Revy]

I thought they were shutting down Whole Foods locations because people weren't shopping there as much anymore?

 

[Rekkapryde]

I thought they were shutting down Whole Foods locations because people weren't shopping there as much anymore?

in the more affluent areas, they are doing just fine.

 

[Tunez]

Game over. They need to buy macys next after that nobody fukking with them

Edit

Amazon Fresh Supermarkets coming soon

 

[Leasy]

They just open a brand new large one in Philly with bars and cafe sitting areas n shyt

 

[ahomeplateslugger]

I thought they were shutting down Whole Foods locations because people weren't shopping there as much anymore?

They actually opened more stores since 2015 to increase revenue. Their problem is trader Joe's and sprouts are booming imo. plus theyre involved in a bunch of scandals for overcharging for packaged stuff.

 

[He Who Posts Well]

I thought they were shutting down Whole Foods locations because people weren't shopping there as much anymore?

Whole Foods be taxing that's why. Plus the market has changed. You can get a lot of quality, reasonably priced, organic foods at places like.Publix, Trader Joes, or Aldi.

 

[Rekkapryde]

Whole Foods be taxing that's why. Plus the market has changed. You can get a lot of quality, reasonably priced, organic foods at places like.Publix, Trader Joes, or Aldi.

don't sleep on Sprouts as well. I first got introduced to them out in the east bay/livermore area, then we got one near me in Georgia in peachtree city.

 

[Hiphoplives4eva]

don't sleep on Sprouts as well. I first got introduced to them out in the east bay/livermore area, then we got one near me in Georgia in peachtree city.

Sprouts is high as hell

 

[Rekkapryde]

Sprouts is high as hell

their sales are GREAT. Especially their produce sales.

 

[ahomeplateslugger]

don't sleep on Sprouts as well. I first got introduced to them out in the east bay/livermore area, then we got one near me in Georgia in peachtree city.

Sprouts sales are their double day sale on Wednesdays is a game changer. You'll save a lot of money shopping there if done right.

 

[Dre Space Age]

They really want us walking out the store without paying cashiers huh

 

[newarkhiphop]

They really want us walking out the store without paying cashiers huh