Senior retail analyst Walter Loeb wrotein a Forbes piece that while Whole Foods will continue to be operated by chief executive John Mackey out of Austin, he expects Amazon to "automate the whole operation, integrate it into its websites and lower prices".
Amazon said that it won't change the Whole Foods Market brand and stores will continue to operate under the same brand name. It's expected to be official in the second half of 2017. It already dominates ecommerce.
The S&P 500 market capitalization loss for just 20 stocks in the retail and food sector was $37.7 billion by Friday afternoon, according to CNBC.
SELYUKH: Outside the Whole Foods in Northeast Washington, the shoppers were broadly pleased with the news - two trusted brands coming together, presumably planning to offer something high-quality and convenient - but then a big-picture step back from Sam Bernstein. The Seattle-based company already offers discounted Amazon Prime memberships for people receiving government assistance and is part of a pilot program to deliver groceries to food-stamp recipients.
Analysts praised the transaction as a savvy move by Amazon to enter the physical grocery space and a possible method to drive down prices at Whole Foods, dubbed with the unflattering "Whole Paycheck" nickname for its expensive food offerings.
Wal-Mart has been trying to address some of those online threats, pushing harder into the online market to build on its strength in its stores and groceries. Other retail and food distribution-related stocks in the USA and Europe, including Wal-Mart and Target, followed suit.
The president has yet to fill three vacant seats on the Federal Trade Commission, leaving the possibility open for an anti-tech appointee to drive a wedge in Amazon's acquisition.
Kyle Bunch is with R/GA, a marketing, advertising and consulting firm right across from the Whole Foods headquarters.
Whole Foods had been under pressure from activist hedge fund Jana Partners LLC prior to the announcement of Friday's deal, prompting it to overhaul its board of directors.
Whether shareholders and shoppers will benefit is another matter.
"We're becoming a giant corporation in the USA", she said.
"It's pharmacy. It's having the ability to put stores that are similar to Apple stores inside Whole Foods", he said.
Thomas shoots 63, trails Harman by 1 in US Open
Harman, who had begun the day in a four-way tie for the lead, carded a five-under-par 67 which included six birdies and one bogey. Thomas admitted that as he walked up the 18th fairway Saturday afternoon, he wasn't aware that he was on the verge of history.
London fire: 58 presumed dead, say police
Her statement came the same day the British Police said at least 58 were feared to have died in the Grenfell Tower blaze . When the prime minister visited the west London site of the fire on Thursday she spoke only to emergency services.
Theresa May 'distraught' over fatal London tower blaze
Some Grenfell residents had warned months ago fire safety issues at the tower meant that it was at risk of a "catastrophic" event. Lammy, whose has a friend still unaccounted for in the disaster: "Don't let them tell you it's a tragedy".
Trump set to announce shift in United States policy toward Cuba
Flights and sea links were reopened and travel increased to an estimated 400,000 Americans expected to visit the island this year. Airbnb recently reported that in just over two years, Cubans have earned almost $40 million by hosting tourists in their homes.