... That said, Bezos is much younger, and much, much richer than I, so...
Hopefully, he's not better looking than you.
... That said, Bezos is much younger, and much, much richer than I, so...
Walmart created a one stop shop years ago. That wasnt innovation then? Is that what you're saying?
So much hate for walmart and so much love for amazon. I dont get it. But like everything else...when amazon becomes too big for its own good...people will start to hate on it...thats just human nature. Until then...drink away.
In all seriousness though...I ask this question every time I see a thread on amazon...and no one has ever given a real answer as to why theres so much love for bezos and hate for waltons...it makes zero sense.
And if the "Whole Foods mission" dies, there will always be other retailers who knew the mission before Whole Foods appeared in their neighborhood.hopefully this doesn't drive away the whole foods die hard who believe in whole foods mission ..
I think car insurance is next. Watch out Buffett, Amazon is coming for your meat and potatoes.
I think it shows that even good companies can make bad decisions.
Whole Foods (AKA "Whole Paycheck") is on the skids. The premise they were based on, that people would pay more $$ for "pure" foods, has deflated. Other grocery chains are doing the same, without the large premium. There have been some newspaper stories on this recently.
The grocery business is low margin, has to be high volume, requires special handling, and product expires quickly (some in just hours!).
When a corporation buys a company that is on the skids, they (think) they have a great vision of what they will do to turn it around/merge it with their own, use, etc. In my observations and experiences, many/most of the acquisitions were ill-founded or ill-executed and were a big waste of $.
I think the "winner" today is Whole Foods shareholders, who can dump the stock today and get out!
Recency bias and aura can lead one to think that Amazon can do no wrong...
IMO people are missing the point of this deal by getting all spun up about groceries.
Amazon is gaining over 400 stores and the services of over 90,000 employees, serving an upscale clientele. (Real Estate | Whole Foods Market) Every store has good truck docks and logistics space, plus good street visibility and a generally favorable reputation in its community. The fact that these stores currently sell food and mostly support themselves make the deal easier, as the Whole Foods line of business will not eat cash while it is being refitted to be more than, or possibly not even, a food store company.
$30M per store seems a bit rich, but how else could Amazon acquire this kind of asset almost instantly? What other asset even exists that is similar? Grocery store chains tend to be regional and physically larger. Coffee shops and fast food chains are mostly franchised and their real estate is unsuitable anyway. Car dealerships, same story. I can't think of a better single option if Amazon wanted an instant infrastructure platform suitable for an expanded and closer-to-consumers marketing scope.
I went to my local Walmart today and was dismayed by how few shoppers there were. Giant corporations like Amazon couldn't care less about destroying family-owned businesses like Walmart. What a shame.
Giant corporations like Amazon couldn't care less about destroying family-owned businesses like Walmart.
Love the use of the word "union". It makes it sound so wholesome - which is not typical for corporate acquisitions.Whole Foods shareholders voted to bless a union with Amazon that the organic grocery chain's CEO called "love at first sight."
The approval from Whole Foods shareholders on Wednesday is one of the steps required to close the deal. It also needs the go-ahead from government regulators. Seattle-based Amazon.com Inc. has said it expects the deal to close before the end of the year.
https://www.bloomberg.com/news/arti...-foods-deal-wins-fast-track-u-s-antitrust-nodThe U.S. Federal Trade Commission approved the deal within a 30-day review period without an in-depth investigation after determining the tie-up wouldn’t hurt competition, the agency said Wednesday.
Could be both. One core strength of WFM is the sourcing and certification of the goods it sells - a real issue in an industry where there is substantial product misrepresentation.There's a Whole Foods next to me. But, since in the future Whole Foods will be part of the collective called Amazon, one what future stores will be like. Healthy foods or hubs for food delivery or something else.
The company said it will begin slashing prices on a broad cross section of Whole Foods groceries Monday -- the same day the $13.7 billion deal is set to close. That will start with items such as chicken, eggs, avocados and organic farmed salmon. Amazon reeled off a long list of other plans to combine its leading e-commerce and delivery assets with the physical locations of Whole Foods stores.
The company said it will begin slashing prices on a broad cross section of Whole Foods groceries Monday -- the same day the $13.7 billion deal is set to close. That will start with items such as chicken, eggs, avocados and organic farmed salmon. Amazon reeled off a long list of other plans to combine its leading e-commerce and delivery assets with the physical locations of Whole Foods stores.
I live pretty close to a Whole Foods store, too. But honestly, I have only been there once and that was over 13 years ago. The prices seemed awfully high. Also, many here were not too impressed with their performance after Katrina in 2005. They were just about the last grocery store in the area to complete the hard work required to return to normal operations.
It sounds like Amazon has decided to change the image of WF from "Whole Paycheck", to a more affordable store. If they can do this and keep the quality intact, that would be nice.
But what I really want is for Amazon to use this opportunity to set up Amazon Fresh delivery services here. That would be so cool.