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| Big Stack |
This is going to make things the retail / grocery industry a lot more interesting. Amazon has been dabbling in B&M. Now they're jumping in with both feet. https://finance.yahoo.com/news...nEhWcCFUU.znhVXgrA-- Amazon is buying Whole Foods for $13.7 billion Amazon (AMZN) is buying Whole Foods (WFM) for $13.7 billion, the company announced on Friday. In a statement Friday morning, the online retailer said it would buy the high-end grocer for $42 per share, more than the $33.06 per share Whole Foods closed at on Thursday. In a statement, Amazon CEO Jeff Bezos said, “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.” John Mackey, the CEO of Whole Foods, will remain CEO of the company and its headquarters will remain in Austin, Texas. The companies expect the deal to close in the second half of this year. This move comes as Amazon has made ever-larger moves into the grocery and fresh-food space, which has been a battleground for online retailers that, en masse, have not been able to make huge strides in the space. The deal is Amazon’s biggest deal ever, topping the $1.2 billion the company paid for online footwear retailer Zappos in 2009. In pre-market trading on Friday, Amazon shares were down slightly, off about 0.2%. Whole Foods shares were halted for trade shortly after 9:00 a.m. ET. | ||
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Caribou gorn |
these B&M stores make great local distribution centers for groceries that were ordered online. I'm gonna vote for the funniest frog with the loudest croak on the highest log. | |||
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| No double standards |
Want to make a lot of money? Buy stock in Whole Foods a week ago (Or in Apple when it was $15 per share). "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Big Stack |
I know someone in the record industry know saw early on what Apple was doing with iTunes, and got in early.
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Resident Knuckledragger |
How does shopping at Whole Foods make buying groceries fun? Do the employees put on a lil skit as you walk in the door ala Southwest Airlines? | |||
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Delusions of Adequacy |
I can just see it.... Bezos: "Alexa, buy me something at Whole Foods". Alexa: "Whole Foods purchased" Bezos: "SHIT!" I have my own style of humor. I call it Snarkasm. | |||
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goodheart |
ROFLMAO  _________________________ “ What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.”— Lord Melbourne | |||
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| I believe in the principle of Due Process  |
The ones in San Diego were stocked with weird stuff and filled with funny smelling hippies. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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Don't Panic |
You kidding? Walk down their 'nutritional supplements' aisle and see how much the marks are paying for 'extract of weed du jour.' If that doesn't put a smile on your face, it's time for sense-of-humor rehab.  | |||
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| Member |
I was at a sales meeting last month, one of the guys who handles Manhattan territory, we were chit-chatting in-between sessions regarding online business and e-tailing. He was saying that his Wall Street friends were saying, if things remain on the current trajectory (this purchase was one of them), over 50% of all purchases in the US (vehicles, homes, appliances, medicine, produce, hardware, materials...) will be through Amazon within the next 5-8 years. Obviously unforeseen things will happen and market forces will introduce competition at various levels but, that's a remarkable and scary future where a single company has that much market share. | |||
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| On the wrong side of the Mobius strip  |
Whole Foods has a fine selection of Patchouli Oils for those funny smelling hippies. In fact that might be the source of the odor. | |||
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| Thank you Very little  |
If you want to pay high prices for food, find odd things (people and product) then whole foods is the place. It's the one merchant where Amazon can probably pull it off having higher margins than other retailers in the grocery market. I can't see it for me, but I'm sure some hipster is going to go on Amazon and order groceries to be delivered by uber... | |||
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Not really from Vienna |
I remember their first store, in Austin, back in the early 1980s. I sure never would have thought it would turn into a 13 billion dollar outfit. We shopped at the Clarksville Co-op. It was cheaper. | |||
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| That rug really tied the room together.  |
Amazon has changed the business atmosphere for sure. In fact, Wal-Mart and Target are experimenting with same day delivery. They have a store employee deliver the packages, instead of handing the package off to UPS/USPS. And since Wal-Mart has a HUGE network of stores (mini distribution centers), they can effectively cover 95% of the US population with same day delivery. If it works it could finally be good competition for Amazon. ______________________________________________________ Often times a very small man can cast a very large shadow | |||
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| Big Stack |
^ You would think. But so far, they've been pretty flat footed in dealing with Amazon. | |||
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| Caribou gorn |
I have the majority of my groceries delivered via Instacart. And we buy a lot of our non-perishables via Amazon Household. I'm probably the weirdest looking hipster you'll ever see. I'm gonna vote for the funniest frog with the loudest croak on the highest log. | |||
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| Move Up or Move Over |
I think it is a brilliant move. They get a place that sells as much locally sourced food as possible that can be used for same day delivery. It sells food at a premium and Amazon doesn't have to build infrastructure, it just gets it. | |||
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Drug Dealer |
Haaaaa! You win Post-of-the-Day, Kevin. When a thing is funny, search it carefully for a hidden truth. - George Bernard Shaw | |||
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| Caribou gorn |
well it IS paying handsomely for it. I'm gonna vote for the funniest frog with the loudest croak on the highest log. | |||
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Member |
Its a great move for WF. After two losing quarters, the executive team was catching lots of negative press on how they were going to stop the spiral. This was the answer to a prayer for them at least... ______________________________________________ Life is short. It’s shorter with the wrong gun… | |||
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