Amazon's Acquisition of Whole Foods to Impact North Texas

LOS ANGELES/MOUNT PLEASANT, S.C. The merger that shook food and retail stocks on Friday - Amazon.com Inc's (AMZN.O) proposed deal to buy Whole Foods Market Inc (WFM.O) - rattled some employees of the upscale grocery chain who expressed fears ranging from layoffs to the loss of their laid-back corporate culture. It cut prices on those staples and others to stay competitive.

Shares of some major retailers that have entered the grocery world also fell. Whole Foods shares were trading just under that level in early trading on Friday, as investors saw negligible regulatory risk to the deal closing. For 10 years, the company has offered a type of food delivery service via Fresh, but that simply won't do, it seems.

$42: Per share price for Amazon's purchase.

Whole Foods recently overhauled its board and redoubled cost-cutting efforts, seeking to change a high-price image that has tagged it with the nickname "Whole Paycheck".

Cowen analysts said that the grocery industry can be broken into three categories - perishable food, non-perishables and consumer products - and Amazon has its hands in all three of those areas, reports CNBC.

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A Whole Food Market is shown in Indianapolis, Friday, June 16, 2017.

The relationship between Instacart and Whole Foods dates back to 2014 but deepened in 2016, when they announced a new five year deal. "Most of us like to see what we're buying, and it's a good store, but we just wouldn't buy online", he said.

It's also been testing automation technology at a Seattle convenience store that's now open only to Amazon employees.

Both companies said there will be no layoffs, but they did not respond to other questions about Amazon's plans for Whole Foods. "That is the reality today at Amazon, and it will no doubt become the reality at Whole Foods", said UFCW President Marc Perrone in an email.

John Mackey will remain chief executive of Whole Foods Market, which will keep its headquarters in Austin, TX, and operate as a subsidiary of Amazon.

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Jana, which disclosed an 8.3 percent stake in Whole Foods in April and is the company's second biggest shareholder, stands to make roughly $300 million from the sale to Amazon. (NASDAQ:WFM) in a deal valued at around $13.7 billion. Whole Foods is courting the discount shopper with its lower cost brand 365.

Amazon is making a bold expansion into physical stores with a $13.7bn deal to buy United States grocery chain, Whole Foods.

"This is an natural disaster rattling through the grocery sector as well as the retail world", said Mark Hamrick, senior economic analyst for Bankrate.com. It has expanded from a book seller into a merchant of almost all consumer products, as well as producing videos.

"Amazon could bring technology to all Whole Foods locations, or it could absorb Whole Foods into AmazonFresh".

By joining forces with Amazon, Whole Foods gains access to an entirely new distribution channel - which should be good news for anyone hoping to shop for organic kale online.

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Convenience. More of our shopping visits are digitally enabled, and this is going to continue to grow.

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