In an announcement that has jolted the shares of other grocers, Amazon will acquireWhole Foods for $42 per share, all-cash, at a value of approximately $13.7 billion.
Shopper Earlene Garvey had a carload of groceries Friday from Whole Foods but said nothing is easier than having groceries delivered from Amazon's service AmazonFresh.
"Amazon didn't just buy a grocery retailer".
Moody's lead retail analyst Charlie O'Shea said the deal could be "transformative, not just for food retail, but for retail in general".
"You never know where it comes from", she said. "Amazon is the master at keeping as much margin as possible. It's a bit unsettling".
Alina Gura of Newington who was visiting the Whole Foods store with her almost two-year-old daughter, said she appreciates the quality of the food, particularly its organic products.
Jana, which disclosed an 8.3 percent stake in Whole Foods in April and is the company's second biggest shareholder, stands to make roughly $300 million from the sale to Amazon. "I'm aging, and I was in there and I was surprised how many people were bent over with age".
Groceries are already a fiercely competitive business, with low-priced rivals like Aldi putting pressure on traditional supermarket chains and another discounter, Lidl, opening its first USA stores just this week. (NASDAQ:AMZN) announced plans to purchase Whole Foods Market, Inc.
Kroger, the Ohio-based grocery chain, also could make a run at Whole Foods, though its stock was torched today, dropping nine percent after the Amazon-Whole Foods deal was announced.
Shares of dozens of supermarkets, food producers, payment processors and shopping malls collectively lost at least $35 billion in USA market value on Friday as the news reverberated across financial markets.
John Meyer, a portfolio and security analyst, said a "price war" between brick and mortar stores is already occurring.
That could help Amazon cut shipping costs and give the company opportunities to sell even more products once in the store. While both companies aren't headquartered here - check out Austin Inno for the deal's impact on Whole Foods'home base - the deal is certainly going to have an impact here and everywhere else across the country, if only due to their collective reach. While the bid for Whole Foods may not bridge Amazon's "last mile", it certainly brings it closer, experts say.
Whole Foods had fiscal 2016 sales of about $16 billion.
-Amazon. Investors like the deal and think it will be good for the online retail giant, which has been expanding its grocery offerings.
"For other grocers, the deal is potentially terrifying", Neil Saunders, managing director of GlobalData Retail, wrote in a report released Friday.
Whole Foods' conversations with banks took place before the company was approached by Amazon, so Goldman was also vying for a role with Whole Foods.
Amazon could also get a better picture of customers by marrying data from Amazon and Whole Foods' loyalty programs.
After finishing with an assist in the Confederations Cup Group A game, he was expected to give an interview after the match. He attracted headlines last week after being accused by a Spanish prosecutor of defrauding the country's tax authorities.
There was no stopping Porsche as Bernhard clocked up a third win, while Bamber secured his second and it was a first for Hartley . There had been four other high-profile failures going back to 1994 at that point but this year's was particularly harsh.
He added that Zille had referred to the wrong chapter of the party constitution, which dealt with suspension of membership. Reasons stated by Maimane for the party's federal executive to suspend Zille was not the full story, she said.
The FC panel debate the rumours of Cristiano Ronaldo requesting a move out of Spain, possibly back to Manchester United . Semedo, a right back, played more than 60 games for Benfica and is now being heavily linked with a move to Old Trafford.
But UN High Commissioner for Refugees Filippo Grandi said it was still a disheartening failure of worldwide diplomacy. For the third consecutive year, Turkey hosted the largest number of refugees worldwide, with 2.9 million people.
The plane, also an Airbus A330, was en route from Sydney to Shanghai when passengers and crew smelled something burning. China Eastern Airlines said on its microblog that it had arranged medical services but gave no other details.
Thursday morning's performance comes on the fifth anniversary of Nik Wallenda's televised high-wire walk over Niagara Falls . The helicopter took off at 8:30 a.m. from the roof of the Seneca Niagara Casino parking garage and returned by 8:50 a.m.
That front will stall to our east and start to wash out along the coast by Tuesday , so a shower or storm will still be possible. The big weather story is the major cool down for today after a week straight of highs in the 90s, today we'll be in the low 80s.
The then-Russian company's device was available for some regions including Russia and Europe, but sadly not in the United States. However, it has been confirmed that there will be an e-ink at the rear face, probably with a better resolution this time around.
Doctors "fully expect him to walk", Sava said, "and hopefully run". "So we all owe Steve a big, big thank you, " Trump added. Griner remained hospitalized at MedStar Hospital after getting shot in the ankle, and Sava described her in good condition.
In a pop star gut punch heard 'round the world, Taylor Swift did her best to overshadow Katy Perry's release of Witness tonight. Only Apple Music was allowed to stream the music when it chose to pay royalties to artists during a free three-month trial.
Cuba rejects new US policy, saying pressure will not work
However, they have rejected reason and good judgment in exchange for Trump's signature on legislation that furthers their agenda. Marco Rubio, who helped craft the new policy , continues to sell it, with an op/ed in the Miami Herald , co-authored by Sen.
Portugal and Mexico draw 2-2 in Confederations Cup
The team said that he couldn't go because he was receiving post-game treatment, although it said it wasn't anything serious. El Tri would find their last-gasp equalizer from the head of Hector Moreno to force Portugal to split points on the day.
10 still in critical condition after London fire
As she left St Clement's Church following a visit lasting less than an hour, the PM faced cries of "coward" and "shame on you" . Angry protesters chanting "We want justice" stormed their way into the Kensington and Chelsea town hall on Friday.
Protest against Sharia Law held in Richardson
Around 100 people got together inside the Capitol rotunda to hear to speeches about how Islamic law is a threat to democracy. The rally began around 10 am and saw heated moments between Anti-Sharia law proponents and Anti-Trump counter protesters.
'Anxiety and fear' over Tory-DUP deal: Sinn Fein
With their support, May can make up for her own party's shortfall by striking a so-called " confidence and supply " deal. A poll released last summer has shown 70% of people in Northern Ireland support same-sex marriage.
LA to honour Adam West by lighting bat-signal
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Note for non-comic book nerds: the Bat-signal is used by police forces in the fictitious Gotham City to summon Batman .