• Home
  • About Company
  • Job
  • Privacy Policy

  • Markets
  • Culture
  • Tech
  • Science
  • Sport
  • World
  • Medical
  • National

Grocery game changing as Amazon set to acquire Whole Foods - Story | KMSP

  • by Alan Olson
  • in Markets
  • — Aug 27, 2017
Share:

"By working together with Amazon and integrating in several key areas, we can lower prices and double down on that mission and reach more people with Whole Foods Market's high-quality, natural and organic food".

"We're determined to make healthy and organic food affordable for everyone", Jeff Wilke, CEO of Amazon Worldwide Consumer, said in a press release.

Following "certain technical integration work", Amazon Prime will become Whole Foods' customer rewards program, supplying members with special savings and other in-store benefits.

Prices at Whole Foods Market, including the on campus location at 2201 I St., will drop Monday when the health focused supermarket officially merges with online retailer Amazon.

Beyond that, some Whole Foods stores will get Amazon Lockers, where customers can receive online orders and make returns. With its Whole Foods acquisition, it looks like Amazon is about to enjoy a flood of new Prime members.

From a business point of view, the merger between Amazon and Whole Foodsmeans that shoppers will be more likely to enter Whole Foods stores, as they check their Amazon lockers, while Amazon has said it will use the 460 Whole Foods stores as distribution centers for delivering goods.

More news: Leicester City - Premier League - 27 August 2017
More news: U.S. far-right group relinquishes permit for Saturday rally in San Francisco
More news: GOP senator wants details on border wall construction

Norm Armstrong, an antitrust lawyer at King & Spalding LLP in Washington, told Bloomberg that the FTC approved the deal because Amazon and Whole Foods are not close competitors.

The e-commerce giant on Thursday said it will cut prices on a range of Whole Foods products, from avocados to almond butter, starting Monday.

The company plans to begin selling Whole Foods' private-label brands through its website, was well as its AmazonFresh, Prime Pantry and Prime Now programs, beginning Monday. "If the shareholders don't see WalMart doing something they get nervous and say maybe we should sell our stock and do something else". According to Fortune, this move will involve Amazon drawing in Whole Foods into its digital engine. The move sends a clear message to the USA grocery industry-Amazon is ready to begin its foray into the market in much the same fashion.

The decision to lower prices at Whole Foods strikes at one of the significant public perception problems that has dogged the grocery chain for years.

A year ago, Whole Foods opened its first lower-priced concept with a smaller store footprint called 365 by Whole Foods, to help the company's "price image".

This communication contains forward-looking statements. Amazon assumes no obligation to update the information in this communication, except as otherwise required by law.

Share:

IN CASE YOU MISSED IT

  • Respect Pakistan's sovereignty, security concerns: China to US
  • Android 8.0 Oreo release date, features
  • West Nile Virus found in more areas across the state
  • YOU MAY ALSO LIKE...

    • Inspection of 220 jet engines ordered by US Federal Administration 4/21/2018
    • Procter & Gamble Q3 Core EPS Up 4%; Organic Sales Up 1% 4/20/2018
    • Russian Federation threatens to block Facebook 4/19/2018
    • Judge who gave Mecca Masjid blast verdict resigns 4/19/2018
    • Amazon, Best Buy Smart TV Partnership Hurts Roku 4/19/2018
    • Ashmore Group's (ASHM) Buy Rating Reaffirmed at Canaccord Genuity 4/19/2018
    • Cash crunch: Finance Minister Arun Jaitley says shortage is 'temporary' 4/18/2018
    • Global growth 'to hit seven-year high' 4/18/2018
    • Facebook Facing Hard Questions 4/18/2018
    • Former FBI Director James Comey calls President Trump 'morally unfit' for office 4/18/2018

RELATED NEWS

IS stronghold Tal Afar about to fall: Iraqi military
According to Rasul, there are no more than 2,000 Daesh militants in Tal Afar , who are mostly foreign fighters. But around 30,000 civilians are trapped by the fighting, according to the United Nations.
8/27/2017

Brussels, London: Suspects attack police officers while shouting Allahu Akbar
Earlier, it was reported that an armed man had attacked last night with a knife troops in the center of Brussels . Belgian authorities found that the attacker was also in possession of a fake firearm and two books of the Koran.
8/27/2017

Southern China, Hong Kong assess losses from Typhoon Hato
The famous casinos of Macao were operating with generators because of power cuts or were closed. The death toll from Hato stands at nine, with scores of people still missing.
8/27/2017

Trump slams another Republican senator, warning Bob Corker that 'Tennessee not happy!'
Later in the press briefing, Urban Radio Networks reporter April Ryan asked how a government shutdown over the border would affect the economy.
8/27/2017

'Game of Thrones': Is Bran Secretly the Night King?
Jon's guess as to why that happened made a lot of sense-those wights probably fell because the White Walker who raised them died. Kill one of the icy villains, it transpired, and all of the wights created by that particular Walker will instantly drop dead.
8/27/2017

Syria war tightens, United States and Russian Federation hotlines humming
The report said civilians also come under fire from the Russia-backed Syrian government forces fighting IS militants to the south of Raqqa.
8/27/2017

Katy Perry Is Doing a Great Job
If not, just trust me: it's really, really amusing and probably later today it'll hit you and you'll just fall right out. Other stars included Game of Thrones' Hafþór Júlíus Björnsson, actor Terry Crews , and the Patriots' Rob Gronkowski .
8/26/2017

A look at Andy Murray´s possible route to the US Open final
He then skipped the clay court season before returning to triumph in Halle and add an eighth Wimbledon crown to his resume . For me, he's definitely going to do it. "I'm totally honoured to have this particular event named after myself", Laver said.
8/26/2017

Newborn found, 2 arrested in Fargo woman's disappearance
A child care service was working with Greywind's extended family to make sure the baby has clothes, food and a auto seat. Greywind's family, who also live in the same apartment complex reported her missing Saturday afternoon.
8/26/2017

Donald Trump retweets meme that shows him 'eclipsing' Barack Obama's face
Here's a screenshot of Trump's retweet, just in case, it is deleted later on and said that it had been "inadvertently posted ". The 4-photo meme was captioned: "The best eclipse ever".
8/26/2017

All Blacks want to finish Bledisloe job in Dunedin
Cheika said on Thursday he had been impressed by Rodda's training output and hinted he was closing in on a Wallabies nod.
8/26/2017

Humans of New York Facebook Docuseries Trailer
The explosively popular Humans of NY photo blog is coming to life in a new 12-episode docuseries. But I always knew that video would provide the closest thing to "actually being there"...
8/26/2017

Tottenham complete signing of goalkeeper Paulo Gazzaniga from Southampton
He's 21 years old, he's one of the most important and talented young players in Europe. I moved with my wife, we were not scared, but you are waiting because you don't know.
8/26/2017

Samsung's heir found guilty of bribery and other charges
Samsung , one of the companies credited with helping rebuild war-torn South Korea, is now assumed to be neck-deep in corruption. The company is also accused of separately giving Choi millions of euros to fund her daughter's equestrian training in Germany.
8/26/2017

Five killed as violence breaks out after Dera chief verdict
Tens of thousands of Singh's supporters have gathered outside the courthouse in the town of Panchkula, Haryana , since Thursday. In fact, India Today camera person was injured after the supporters attacked the vehicle the reporting team was travelling in.
8/26/2017

    • Top picks

      • Uber acquires electric bike sharing company Jump4/11/2018
      • Ford Focus debuts with a classier look4/11/2018
      • Renewed trade tensions between USA and China send stocks lower4/10/2018
      • United States crude oil inventories decrease in past week4/09/2018
    • Weekly News

      • New US jobs plunge in March4/07/2018
      • ICICI Bank Board Meets; Clears Redemption Of 350 Unlisted Preference Shares4/06/2018
      • No April showers: 7 inches of snow forecast4/05/2018
      • Dow set to tumble 600 points after China announces new tariffs4/05/2018
    • Latest News

      • Budget Airline Allegiant Calls Out Critical '60 Minutes' Report4/17/2018
      • Philadelphia mayor calls for inquiry of Starbucks policies after black men arrested4/16/2018
      • United Nations weighs measure to rid Syria of chemical weapons4/15/2018
      • Hungary inflation edges up to 2.0% in March4/12/2018
    • Home
    • About Company
    • Job
    • Privacy Policy

    Saturday 21 April 2018

    © 2018 . ALL RIGHTS RESERVED.