Janet Yellen raises interest rates in final act as Federal Reserve chair
Open For Business — Bitcoin
United Must Beat City; I Didn't Intend To Hurt Bellerin — Pogba
Chelsea 2 Newcastle 1 - HALF-TIME
Net Neutrality American Café November 28 2017
Weekly Wrap: Amazon buys Whole Foods. Now what?
18 Junio 2017, 06:14 | Dolorita Barahona
(Amazon founder and CEO Jeffrey P. Bezos owns The Washington Post).
The convergence of retail and ecommerce accelerated with a blockbuster Friday when it was announced that Amazonwould buyWhole Foods for $13.7 billion and Wal-Mart is snapping up ecommerce men's clothing company Bonobos for $310 million. Supermarket chains also took big hits, with Kroger, whose shares tanked Thursday on a profit warning, tumbling 9.2 percent and Supervalu falling 14.2 percent.
Any number of Whole Foods locations - more than 460 in the U.S., Canada and Britain - could be used as jumping off points for wider delivery and pickup of groceries and prepared foods ordered online.
A person familiar with Amazon's strategy said the company believed customers wanted a combination of online and real-world buying options. The addition of hundreds of physical retail locations could also represent a game-changer for the company's ability to deliver products to customers in ever-shorter time frames. He expects the retailer to keep the Whole Foods stores open and eventually even make grocery deliveries via drone. The giant retailer sells the most groceries than any other retailer. SuperValu, with a network of 2,000 stores across the United States, took one of the biggest hits, with a 14% drop on Friday.
As a fellow Team Member, I believe the possibilities to extend Whole Foods Market's mission are virtually limitless, and I have never been more energized about what the future holds for all of us. The stock is up more than 31% so far this year.
Generating value from a brick-and-mortar footprint for ecommerce sales is something Wal-Mart has been pushing aggressively since it bought Jet.com previous year.
Some investors may be wondering if Amazon will disrupt grocery stores the way it upended the bookstore business.
Marlan Clarke, who stopped in at the Whole Foods Market on Arroyo Parkway in Pasadena on Tuesday, is uneasy about the planned acquisition.
"Food is the one thing Amazon hasn't been able to figure out", said Josh Olson, a technology analyst at Edward Jones.
"They are going to have to put in new technologies", he said.
SELYUKH: Bernstein is actually a huge fan of both Whole Foods and Amazon. The stores will evolve to become more experiential.
"Now they can literally use the Whole Foods stores themselves as distribution centers", he said. The company is known for its organic produce and other health products.
Almost $1.5T: Amount spent by Americans on food in a year.
We recognize this is very big news and may cause some uncertainty.
On Friday, June 16, 2017, online retailer#Amazon announced its plans to purchase #Whole Foods. "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". "They're not really competitors".
But it also creates concerns about competition in the market.
Tapwrit wins Belmont Stakes
As I explain below, the value just isn't there in the favorite tonight, so might as well roll the dice on one of the long-shots. After setting pressured fractions of:23.88, :48.66, 1:14.01, and 1:38.95 through a mile, though, Irish War Cry had enough.
Stage set for wide open run at US Open title
Bubba Watson , using a pink golf ball one day and lime green the next, shot 75-73 and appeared certain to miss the cut. A 94-year-old Wisconsin man died of natural causes during Friday's second round of the U.S.
US Open 2017: Rory McIlroy highlights from Round 2
Spieth didn't mention this intangible, but none of the first 18 players on the leaderboard has won a major championship. And instead of leaving Erin Hills fretting about how much better he could've done, he was thankful it wasn't any worse.
Cosby's fate is in the hands of the jury
Cosby's defense attorneys argued that his sexual contact with Constand was part of a consensual relationship between the two. ALLYN: Outside the courtroom, Cosby's spokesman, Andrew Wyatt, said those little details undercut the accuser's credibility.
Brits, Kiwis advance to next round in America's Cup prelims
The challenger will still need to win seven in order to pry the oldest trophy in worldwide sports away from powerhouse Oracle . That will be followed by Sweden and Japan at 5.37am, before Team New Zealand and Ainslie's team go at it again at 6.06am.
England set for a tougher test against NZ
Earlier, Buttler's knock which came off just 48 balls with the help of two fours and two sixes provided the just-needed impetus to England's innings to get past the 300-run mark.