Amazon buys Whole Foods in US$13.7 billion deal


petros
#2
The whole thing?
 
Jinentonix
#3
I can't believe they bought the whooooole thing.
 
bill barilko
+1
#4  Top Rated Post
An odd situation here in Canada-the highest grossing store in the entire organisation is the one @ Park Royal in West Van (I've been in there many times at all hours business is roaring) but in other places in Canada WF isn't all that popular; the grocery business here is very competitive and WF really is nothing special the whole 'organic' angle is just a joke and Canadians know it.

People were speculating about WF pulling out of Canada altogether there's been some strange goings-on with a prospective store in North Vancouver for ages now and you couldn't get a straight answer out of them with a gun in your hand-typical corporate passive/aggressive bee ess.
 
tay
#5
Oh the irony: Amazon files patent to block you from online price checking in its stores

Amazon has earned plenty of sales from shoppers comparing its prices to those of items on the store shelves in front of them.

Now the online retail giant has locked down a patent on technology to prevent people from doing just that in its own stores.

The system, filed under the Orwellian title "Physical store online shopping control," would intercept certain URLs, search terms, and other web activity that takes place on its in-store Wi-Fi.

The document explains how that information could potentially be used to send you a digital coupon to cover the price difference between a product in the store and a cheaper offer you might have viewed online.

Amazon could also dispatch a store employee to talk you out of a competitor's deal, suggest a complementary purchase, or even just block or redirect you from viewing online alternatives altogether.

Discounts are nice, but the prospect of Amazon effectively watching your phone screen over your shoulder or preventing you from seeing certain pages is a bit disconcerting. Granted, were it to be implemented, you could easily avoid the system altogether by surfing on cell service rather than the building's wireless network.

https://www.google.com/amp/mashable....-in-stores.amp
 
Hoof Hearted
#6
I just read that analysts are predicting Amazon will be the first Trillion dollar company in about a decade...ahead of other notables like Google, Apple and Facebook.
 
Walter
#7
Quote: Originally Posted by Hoof Hearted View Post

I just read that analysts are predicting Amazon will be the first Trillion dollar company in about a decade...ahead of other notables like Google, Apple and Facebook.

Analysts, like experts, are never wrong.
 
Hoof Hearted
#8
The problem with technology is that companies like Facebook are worth tens of billions of dollars, but only employ a few hundred people.

Something has got to give at some point.
 
petros
#9
Trademark your name and bill them for usage.
 
Walter
#10
Quote: Originally Posted by Hoof Hearted View Post

The problem with technology is that companies like Facebook are worth tens of billions of dollars, but only employ a few hundred people.

18,770 employees as of March 31, 2017
 
Hoof Hearted
#11
I stand corrected. Still 'small beer' considering the value of the company in my opinion.
 
Curious Cdn
#12
There's one up the street. We call it "Whole Pay Cheque"
 
Danbones
#13
Quote:

Physical store online shopping control

So its the same guy, Jeff Bezos who owns the fake news WAPO...
Figures...he doesn't like people having actual facts, that might cut into his business.

Quote: Originally Posted by Hoof Hearted View Post

The problem with technology is that companies like Facebook are worth tens of billions of dollars, but only employ a few hundred people.Something has got to give at some point.

We are in a not so slow mo tech crash at the moment

TECH BUBBLE FEARS: Apple, Amazon and Facebook shares skid sparking crash worries
(Mon, Jun 12, 2017)
Apple, Amazon and Facebook share prices dives sparking fears of tech bubble crash | City & Business | Finance | Express.co.uk
 
bill barilko
#14
Quote: Originally Posted by Curious Cdn View Post

There's one up the street. We call it "Whole Pay Cheque"

Wow how original!

You really are something aren't you?!
 
Curious Cdn
#15
Quote: Originally Posted by bill barilko View Post

Wow how original!

You really are something aren't you?!

It wasn't my idea or expression.You really are a hatefull asshole, aren't you?

You are sick. Feck off and die.
 
tay
+1
#16
 
spaminator
#17
Shareholders give blessing to Amazon, Whole Foods union
THE ASSOCIATED PRESS
First posted: Wednesday, August 23, 2017 04:53 PM EDT | Updated: Wednesday, August 23, 2017 05:02 PM EDT
NEW YORK — Whole Foods shareholders voted Wednesday to bless a $13.7 billion union with Amazon that the organic grocery chain’s CEO had called “love at first sight.”
That approval is one step required to close the deal, which is a bold move into physical stores for Amazon and has the possibility of bringing big changes to the supermarket industry and how people order groceries online.
By buying Whole Foods, Amazon will get more than 460 stores and potentially very lucrative data about how shoppers behave offline.
The deal also needs the go-ahead from government regulators. A union that represents food-industry workers has asked the Federal Trade Commission to scrutinize the deal closely, saying that it could hurt competition and lead to job cuts. Regulators tend to block deals when two direct competitors are combining, and Amazon — despite its dominance in the online marketplace — doesn’t currently have a big groceries business.
In the meantime, rivals are scrambling to catch up with the e-commerce giant. Walmart, which has the largest share of the U.S. grocery market, is expanding its grocery delivery service with ride-hailing service Uber and announced Wednesday that it will join forces with Google to let shoppers order goods by voice on Google devices.
The deal may also breathe new life into Whole Foods, which had been under intense shareholder pressure to improve results and retain customers who have more choices about where to get natural foods. As Whole Foods grew, more supermarkets offered similar organic and natural foods, but at cheaper prices.
Amazon and Whole Foods have not given many details about what might change for customers, though Whole Foods CEO John Mackey gave some general clues at a town hall with employees after the deal was announced. He said he thought Amazon would help with efforts on cost-cutting and a loyalty program. He noted Amazon is known for its innovation and said that company could turn Whole Foods from “the class dunce” to “valedictorian.”
Mackey had said the deal came about after a “whirlwind courtship” and that “it was truly love at first sight.”
As part of the deal, Amazon will pay Whole Foods shareholders $42 for each share they own. That was an 18 per cent premium from its stock price the day before the tie-up was announced on June 16. Shares of Whole Foods Market Inc. were trading at $41.70 on Wednesday.
Earlier this month, Amazon.com Inc. sold $16 billion of bonds in order to pay for Whole Foods. Seattle-based Amazon has said it expects the deal to close before the end of the year.
Shareholders give blessing to Amazon, Whole Foods union | World | News | Toronto
 
Curious Cdn
#18
$13.7 billion US is approximately the daily take of our local Whole Foods store.