Hot Tickers: Chesapeake Energy Corporation (CHK), Southwestern Energy Company (SWN)
Tesla founder Musk will only be paid if firm meets goals
Super Bowl LII Odds: Betting Lines, Trends For Patriots Vs. Eagles
Wolverines will be well represented in Super Bowl
Amazon is buying Whole Foods in $13.7B deal
19 Junio 2017, 11:12 | Dolorita Barahona
What happens to Instacart in the Amazon-Whole Foods deal?
Instacart: It's a trailblazer all right, offering delivery at a time in the United States when very few grocery stores did.
The Whole Foods purchase improves Amazon's odds and speeds up the timeline. Whole Foods gives Amazon a tremendous amount of credibility around the quality of the food and the reputation they have with their customer base.
Peter Belanger of Newington calls himself an "Amazon person" who uses two Kindles, but said he and his wife will not likely shop the internet for food. Certainly, it would appear to Cantillon that Bezos sees the future as slightly more nuanced than the vista of couch-bound online shoppers ordering everything from fast food to films online. Whole Foods CEO John Mackeyhad lambasted the hedge fund as "greedy bastards."
Amazon already offers grocery-delivery services in five markets, but analysts say expansion is tough because its current distribution centers are set up for dry goods, not perishables.
Cooper Smith, head of Amazon research at L2, said it's likely that Instacart will be the loser in Friday's deal. "Why would it keep Instacart?" said Smith.
For traditional grocers, like Kroger, this purchase makes the market even more price-competitive, she added. Note, though, that one of its investors as well as partners is Whole Foods, either shaping Amazon to be a shareholder or Instacart as an acquisition target itself. The activist hedge fund had been pressuring the grocery chain to make major changes in its management or find a buyer.
Hartmann said he expects the online retailer to introduce some efficiencies to Whole Foods' operation. However, Whole Foods does not have access to Instacart's financial numbers and analytics.
Drew Herdener, an Amazon spokesman, said in a statement the company has "no plans to use no-checkout technology to automate the jobs of cashiers at Whole Foods and no job reductions are planned".
Instacart and Whole Foods did not immediately respond to request for comment.
Some workers at the nonunion grocery chain wondered whether Amazon, known for its hard-driving culture, would mean big changes to their pay, benefits or employment.
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.
"Walmart took their step first, which was acquiring Jet.com (and) recognizing their need to move into that space", Hartmann said. It is made out to be an Amazon rival with its market size and current valuation of $3.4 billion. On Friday, WalMart announced it is buying men's online clothing retailer Bonobos for $310 million.
Microsoft unveiled its new console, Xbox One X
Do you think PS4 Pro is a Xbox One competitor? Xbox One X will debut on November 7 for $499 Dollars . The backwards compatibility program is expected to launch later this year with a couple more titles.
Brooks Koepka wins US Open title after record week
Koepka then frittered a golden chance to regain the lead on the 11th, but was unable to convert a nervy nine-foot putt for birdie. Given the list of illustrious names who could not survive past 36 holes here, special credit is due to Scottie Scheffler.
Brooks Koepka caps a record week with US Open title
Miller, though impressed by Thomas' round which included an eagle, nine birdies and two bogeys, was not exactly in awe. The Globe's most recent sports headlines delivered to your inbox every morning. "It bites a little bit right now.
Trump Weighs Firing Mueller, According To Confidant
The president is nonetheless angered by the investigation, which he has described as a "witch hunt", The New York Times reported . Spicer did not outright discount the notion of removing the special counsel , but he noted Ruddy was not a spokesman for Trump .
US Open golf won by Brooks Koepka in record-matching score
The last two champions, Dustin Johnson and Jordan Spieth , went on to finish in the top 10 at The Open Championship the same year. As the front nine progressed, it looked increasingly as if it would come down to a question of who would blink first.
"No creemos que Portugal mereciera más" — Ochoa
De sus pies iban a nacer las mejores jugadas aztecas , la primera con un gran centro a Chicharito . "Sin duda el empate es justo". En dicha transmisión no dieron con certeza que dicha frase de Cristiano Ronaldo fuera hacia los jugadores de México .
Confed Cup: Portugal draw 2-2 with Mexico
And on the video referral system ( Portugal had a goal ruled out for offside by the video assistant referee): "It's the new rule". Having threatened with a header earlier, Hernandez stole in to head home an equaliser three minutes from the interval.