Face it Tiger..
Banned
Maybe this will mean Whole Foods may move to Canada and give Longo's some competition.
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Amazon to buy Whole Foods for $13.7 billion cash
- Thread starter JimJamJones
- Start date
It's a typo and it's also irrelevant since the nominal price of a stock doesn't really mean anything. COST is currently sitting at $167.88 down 6.75% from yesterday's closing price.
I want to go shopping with you, I feel like it would living a poem on nihilism
clockworkinyou
Banned
He's not wrong though.
Walter White Walker
Member
That's incorrect on Costco - their stock is currently sitting at $167.44, down $12.62 for the day. I assume it was down $13.85 at one point which is where that came from.
Unknown Soldier
Member
I feel like going to Whole Foods now and parking across 3 spaces. I don't even shop at Whole Foods.
They bought Whole Paycheck? So is the plan to just use the infrastructure and convert Whole Foods into a reskinned Walmart for Amazon's physical presence?
"everyone becomes a conglomerate in the end"
"everyone becomes a conglomerate in the end"
I think it means expect amazon fresh employees shopping people's groceries. I am assuming better technology in the stores and a nice grocery shopping website for online delivery. That will equal higher sales in the stores.
Martinski43
Member
Amazon, Apple and Google is the only companies that there will be in the US soon.
I think they're making a move against Walmart because WM already has free grocery ordering and pickup as of a year ago ish. It's only one more step before Walmart figures out a way to make that home delivery for a very low price or free, and regionals like Hy Vee already offer home delivery and pickup.
They're trying to keep WM from consolidating the market before they do, so to do this Amazon will have to compete against Walmart prices. I'm not sure I see the utility of this purchase at this point if they keep their Whole Paycheck pricing.
It would be in Limerick pentameter tho.
Lil'DigiOp
Member
Wow thats aggressive as a bitch,
Straight juggin
Straight juggin
Eh it would be cool if prices drop but it's not really as expensive as the media hype says. They just fall under stupid publicity at times. Their 365 brand is quality and a good price. Whole Foods does have a lot of high price specialty items, though. I am a little bias since I work for the company.
TissueBox
Member
Lol hello home shopping!
1 to 2 hour like instacart, most likely. If I can get free delivery outside of tipping, I'd do it. Well, if they honor my employee discount.
brochiller
Member
There are multiple Whole Foods in the GTA.
They are expensive. Cheapest bread there is 3.50$. I can get similar quality bread for 80 cents at Hy Vee or 1.20$ at Walmart.
Like for price spectrum for food around here it's
Whole Foods
.
.
.
.
.
Baker's (owned by Kroger)
.
Fareway
.
.
Hy Vee
Walmart
Super Saver
Supermercado Nuestra Familia
Family Fare
Wonder how this announcement will affect Whole Foods in my area, with one store planning to move and one not even built yet but announced: http://www.bizjournals.com/baltimore/news/2017/06/16/amazon-agrees-to-buy-whole-foods-for-13-7b.html
killer rin
Member
Woah. Never would have guessed in a million years this would have happened. Great for Amazon to be able to expand their online grocery business with a literal grocery retailer.
Anyone else thinking about buying stock in the other grocery chains after seeing this?
Is this still going on?: https://www.twitch.tv/twitchplaysstockmarket
Someone should try going on there and buy up stocks for retail/grocery.
Someone should try going on there and buy up stocks for retail/grocery.
Big Chief Crazy Cone
Member
Great move, and with the rise in market cap, Amazon just made a profit too. Unreal.
I think anyone expecting whole foods to change dramatically, at least in the next few years, will be disappointed though. Whole Foods is profitable, and Amazon probably won't meddle in the day to day business until the Go concept is heavily tested.
What they bought today were 450+ urban delivery nodes that primarily serve high income, young customers. The purchase price is probably worth that alone. Amazon is all about low costs, and their number one cost today is shipping stuff. The more often people buy things from Amazon, the less empty space there is in each car that goes out for a Fresh or prime now delivery, which lowers costs, and allows them to expand, offering better service and faster delivery times... and there are few more frequent purchases than food. And if you get some benefit from being a prime member and shopping at whole foods, you're much more likely to buy all of your non-food from Amazon too, lowering those shipping costs even further. This is a great way to grow their urban delivery network fast, and very few companies have the capital to replicate it. Look up the Amazon flywheel if you've never seen it; their focus on growth over profits helps to put a lot of things in perspective.
I think anyone expecting whole foods to change dramatically, at least in the next few years, will be disappointed though. Whole Foods is profitable, and Amazon probably won't meddle in the day to day business until the Go concept is heavily tested.
What they bought today were 450+ urban delivery nodes that primarily serve high income, young customers. The purchase price is probably worth that alone. Amazon is all about low costs, and their number one cost today is shipping stuff. The more often people buy things from Amazon, the less empty space there is in each car that goes out for a Fresh or prime now delivery, which lowers costs, and allows them to expand, offering better service and faster delivery times... and there are few more frequent purchases than food. And if you get some benefit from being a prime member and shopping at whole foods, you're much more likely to buy all of your non-food from Amazon too, lowering those shipping costs even further. This is a great way to grow their urban delivery network fast, and very few companies have the capital to replicate it. Look up the Amazon flywheel if you've never seen it; their focus on growth over profits helps to put a lot of things in perspective.
a bunch rebounded. i hedged my target stocks earlier at their lowest.
Dash_Riprock
Member
Amazon just needs to change their name to Omni Consumer Products at this point.
to buy Trader Joe's you'd also need to buy Aldi, it's not going anywhere probably anytime soon
HoodWinked
Member
aldi owns trader joes
FreedomFighter
Member
Time to finally join the local co-op. This news just saddens me because I LOVE Whole Foods! Fuck man.
Bezos/Washington Post/CIA/Whole Foods/?
What's next?
Yeah, will be the local co-op, Trader Joe's, Aldi, and select items from FroGro/Shop Rite.
Might even hop over to Jersey to hit up Wegmans.
EDIT:
Bezos/Washington Post/CIA/Whole Foods/?
What's next?
Yeah, will be the local co-op, Trader Joe's, Aldi, and select items from FroGro/Shop Rite.
Might even hop over to Jersey to hit up Wegmans.
EDIT:
I said Umbrella Corp. but OCP is even more apt
rockinreelin
Member
There's a report that with Amazon acquiring Whole Foods, shoppers at Whole Foods could see lower prices: http://www.baltimoresun.com/business/bs-bz-amazon-buys-whole-foods-20170616-story.html
I mean, I agree that the biggest thing Amazon could bring to the table is their distribution network but UNFI has a contract with Whole Foods until 2025 so that isn't happening anytime soon. Don't expect much of a price change in the near future.
Sounds like the making of the greatest mmo ever.
Well under Amazon ownership, they could request Whole Foods to see if it's possible to leave the contract early. Amazon would certainly have the money needed to pay to leave the contract early to give to Whole Foods if Whole Foods wants to use Amazon's distribution and warehousing network.
Don't forget the same day delivery!
Unknown Soldier
Member
That depends on how much you hate money
If amazon offers whole foods products inside Amazon Fresh (it's crazy if they don't), i'll definitely become a subscriber.
Although i don't know if you guys in the US have the same categories as the UK.. but i'm still confused in the difference between Amazon Fresh / Go / Pantry
Although i don't know if you guys in the US have the same categories as the UK.. but i'm still confused in the difference between Amazon Fresh / Go / Pantry
BeforeU
Oft hope is born when all is forlorn.
People are under estimating Microsoft?
Amazon, MS and GOOG are going to be the most valuable in coming years. These will be the companies powering backend infrastructure OF EVERYTHING. Your devices, Homes, offices, hospitals, self driving cars.
Future of Apple is a question mark, beyond iPhone and a premium brand they don't have much of a growth. Not that they won't exist lol but they will be distant 4th