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.
India defeated Pakistan by 7-1 in an all-round show in the World Hockey League semi-final played in London on Sunday. In the 49th minute of the game, Pradeep Mor scored his first goal of the match to stretch the lead by 6-0.
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.
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.
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.
The Company's producing royalties include Kestrel, Narrabri, Maracas Menchen, El Valle- Boinas/Carles (EVBC) and Four Mile. The stock of Anglo Pacific Group plc (LON:APF) has "Hold" rating given on Wednesday, September 16 by FinnCap.
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.
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.
Fellow Scottish Premiership side St Johnstone will face FK Trakai of Lithuania in their tie, also at home in the first leg. Aberdeen face a trip to either Kazakhstan or Bosnia in the second qualifying round of the Europa League .
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.
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Hot and humid in Houston thru at least Tuesday
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