Amazon's purchase of Whole Foods already impacting grocery industry

Key Speakers At The 32nd Space Symposium

Key Speakers At The 32nd Space Symposium

The aquisition of the high-end, elite grocery store chain specializing in organic food, with 456 locations, will allow Amazon to integrate brick-and-mortar retail into its operations, and also move into the grocery industry. "Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an awesome job, and we want that to continue".

Earlier this week, the company announced that it plans to build a new facility in Colorado that will employ more than 1,500 full-time workers.

Whole Foods Market will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world.

Whole Foods, which will keep operating stores under its name, said in an email to customers, that it will maintain the same standards under Amazon, including bans on artificial flavors and colors and antibiotics in hens producing its eggs. The shift started within minutes of the announcement online retailer Amazon would taking over the grocery chain Whole Foods. The shopper's Amazon account gets automatically charged. Target tumbled by 10 percent and Walmart was down by 6 percent.

"Amazon can be expected to work to deliver better value to grocery customers, both online and within the brick-and-mortar space", Mark Hamrick, a Bankrate.com senior economic analyst, told MONEY. Whole Foods itself had launched an offshoot chain named after its "365" private label brand in a nod to the popularity of no-frills chains.

The deal brings to a head a years-long battle brewing between Amazon and traditional retail powerhouses such as Walmart.

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The grocery market, a $750 billion sector in the USA, is one of the few provinces in the retail world that Amazon hasn't managed to radically alter.

With the deal slated to close later this year, here is a list of investors and investment funds who made the most between Thursday's close and Friday morning when the news was announced, based on recent Securities and Exchange Commission filings. Every retailer in the market that competes with Whole Foods is going to have to offer their customers similar experience not just in product selection but in availability and timeliness.

"Amazon is an innovative company and we are excited about our partnership".

Similarly, Instacart was not privy to the news that Amazon was acquiring Whole Foods until the deal became public on Friday. "Everybody's been kind of joking that it's going to be robots and drones", Clark said of potential changes from Amazon, which uses robots in its warehouses and is testing drones for delivery. "I think what they bought was a distribution network", Meyer said. For example, Walmart has a "Scan and Go" pilot at one store where consumers can use an app to scan items as they shop and then pay using their phones, according to the JLL report.

"This is the most disruption the grocery industry has seen in the last half-century", said David Ciancio, a former Kroger executive and a strategist at consumer-data company dunnhumby.

Apparently longtime CEO John Mackey will stay the CEO and the headquarters will stay in Austin.

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