Friday, June 16, 2017

Amazon and Whole Foods - Blog 4

Today, Amazon said it would bid for Whole Foods for $13.7 billion dollars.  This is extremely a competitive move. Amazon will be competing against Walmart’s Super Center.  Walmart in fact also just acquired the online retailer Jet for $310M.

The grocery business is nearly a $700 billion per year market.  However, there are some thoughts that it will be a slow start to buying groceries online.  This is because consumers like to pick out their own perishables. 

Amazon has a long way to go until becoming an omni-channel, but we can argue that they are very close to this.  People think if there is anyone who can do it, Amazon is heading in that direction. 

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