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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