Amazon Gets Deep Into a Cut-throat Supermarket Scene (AMZN)
29 August, 2017, 00:54
After completing its $13.7 billion purchase of Whole Foods on Monday, Amazonslashed the prices of dozens of items at all 460 of its new grocery stores. The company also said eventually Prime members will receive "special savings and in-store benefits". Amazon reduced the price of Organic Fuji Apples by 43 percent - from $3.49 a pound to $1.99. It's a quick and potentially impactful move given that Whole Foods is traditionally known for its high prices, earning it the sassy nickname, "Whole Paycheck". Food-price inflation has outpaced overall US inflation as tracked by the Consumer Price Index, rising 23.2 percent against the 17.6 percent rise in the CPI.
Whole Foods opened its 32,000-square-foot location at Colonie Center in 2014 on the southwest corner of what was once part of the adjacent Sears store.
Amazon Echo displays have begun popping up in strategic locations in Whole Foods across the country, sporting tongue in cheek signs that market the "farm fresh" device as the 'pick of the season'.
Adding Whole Foods benefits should help Amazon attract more shoppers to its successful Prime scheme, which features two-day shipping for eligible purchases and unlimited streaming of movies and TV shows. The acquisition probably has less to do with the grocery business and more to do with eliminating one annoying aspect of online shopping.
"Goodbye, Whole Foods as we know it", Karen Short, an analyst at Barclays Capital in NY, said in a note.
Whole Foods will also be integrated more closely with Amazon's retail site, with frozen Whole Catch products being offered for sale on Amazon's various grocery e-commerce sites. The 365 brand is the flagship off-price organic private label for Whole Foods, but the retailer had not yet expanded it online.
Arsenal and Chelsea agree Alex Oxlade-Chamberlain fee
Sometimes it is possible. "But I must be focused with things on the pitch and continue to work with my players". They're getting a lot of money for a utility player who has never really cemented a first-team slot.
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John Mackey will remain chief executive of Whole Foods and the company will operate as a subsidiary and continue to be headquartered in Austin, Texas, the companies said on Thursday.
Once managers and investors at these grocery chains feel enough pressure from a combined Amazon/Whole Foods behemoth, a wave of consolidation might sweep the sector.
Whole Foods has always taken pride in offering top-of-the-line organic and natural foods. Wall Street might come down on Amazon a little harder - might say they're over-leveraged, spending too much money, in a war with WalMart.
So although Amazon may have room to slash prices at Whole Foods, it may not be as much as some think, or it may have a much steeper impact on the bottom line.
"There was a lot of speculation that Whole Foods might be left as more of an independent entity, at least in the beginning phases of the acquisition", she said. Amazonsaid last week it plans to make more price cuts. Amazon has not indicated whether it will break out Whole Foods operations in its financial statements or fold them into its current retail operations.
The biggest factor that caused the halt is because an already slow August witnessed no major new releases last weekend. The film became the highest-grossing superhero origin movie ever made last week, likely sparking its second wind.
If you've never used HBO NOW before, you can get a free trial for the service in order to watch to tonight. After that, unaired episodes of season nine of the show "Curb Your Enthusiasm" was leaked online.
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The Wales goalkeeper made a mess of his clearance that ricocheted off Ayew, who watched the ball roll into an empty net. The hosts will be without on-loan Chelsea midfielder Ruben Loftus-Cheek, who picked up a groin injury in training.
He warned saying: "If politics and religion mix, it will create troubles like what happened in Iraq, Afghanistan and Pakistan". KC Tyagi also said that according to the law, Sharad Yadav might lose his Rajya Sabha membership for anti-party activity.
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Obaidi added that most of Tal Afar residents had fled towards Turkey, noting that many districts in the city had been deserted. Last month, Iraq declared victory over IS in Mosul, the country's second largest city, after a grueling nine-month campaign.
Some strengthening is forecast during the next 48 hours, and the system is expected to become a tropical storm tonight or Monday . There is a high potential this low pressure system could get stronger and become a tropical depression or a tropical storm.
Cohn, who is Jewish, said that the administration "must do better in consistently and unequivocally condemning these groups". We represent America's values, our commitment to freedom, out commitment to equal treatment to people the world over'.
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World Badminton Championships Final
Two wide shots and a low lift getting buried at net from Saina ensured that Okuhara continued to gather points, reaching 10- 3. Sindhu has a head-to-head record of 3-3 against Okuhara, suggesting that the match could go either way.