Amazon to acquire Whole Foods supermarket chain

"I love the prepared foods and the produce", Hiddeman said.

America's grocery stores are undergoing tremendous change. "This gets Amazon straight up the curve with a credible, albeit upmarket, range", Bernstein said in the research note.

Pressure from activist investors got so high that Whole Foods CEO John Mackey told Texas Monthly magazine recently that "they're greedy bastards, and they're putting a bunch of propaganda out there, trying to destroy my reputation and the reputation of Whole Foods, because it's in their self-interest to do so".

Whole Foods has struggled for quite some time with increasing same-store sales and boosting short-term profits. "That's something that doesn't seem to right to me, actually". But when buying food, she said she is "really picky" and would never shop online for items such as vitamins and meat.

Whole Foods wove its way into the crowded and competitive Dayton grocers market in 2015, with its first Dayton-area store, in Washington Twp.at 1050 Miamisburg-Centerville Road.

One of those bankers, David Eisman, moved from San Francisco to Seattle to help lead a small team tasked with strengthening ties with the city's biggest companies, including Amazon, Microsoft Corp and Starbucks Corp.

That, in turn, could help Amazon do better with pricing and promotions, branding and the overall store experience, said Robert Hetu, a retail analyst at Gartner.

Its AmazonFresh delivery service, which has been slow to take off, accounting for 0.8% of all grocery purchases previous year. So there's lots of room to grow.

Amazon, meanwhile, has been expanding its reach in goods, services, and entertainment.

Walmart stocks dropped 4.6 percent to close at $75.27, while Target ultimately saw shares fall more than 5 percent, closing at $52.60.

Amazon has been exploring real-world brick and mortar retail stores lately, launching several physical bookstores and adding a customer pick-up option to its AmazonFresh grocery service, with varying results.

And grocery may take a middle path, says Kimberly Scott, a portfolio manager at the Ivy Mid Cap Growth Fund, which counts Whole Foods stock as one of its biggest investments.

Amazon has been eyeing stores that could allow traditional in-store purchases, online ordering with on-site pickup and home delivery, using the stores' warehouses as distribution points. "People don't know what they're having for dinner when they leave the office at the end of the day and don't have it in the refrigerator".

Projected cost of Whole Foods purchase by Amazon. "Everybody's been kind of joking that it's going to be robots and drones", Clark said of potential changes from Amazon, which uses robots in its warehouses and is testing drones for delivery.

Amazon's purchase of Whole Foods is a wakeup call for all grocery stores, says a Purdue University retail management expert."It is hard to overstate the impact that this is going to have in the grocery industry", says Richard Feinberg, professor of consumer science. According to multiple reports, Whole Foods also invested in Instacart.

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