"Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an unbelievable job and we want that to continue". "They're doing an fantastic job and we want that to continue". "But grocers have to respond and move faster now".
Almost $30 billion of market value disappeared Friday from grocery stocks.
JPMorgan analyst Doug Anmuth believes that the buyout would allow Amazon to be more innovative in delivering the customer buying experience in Whole Foods stores. Analysts say the Whole Foods footprint and distribution channel could theoretically make 5-minute deliveries a reality.
"We are always concerned when there is some loss of brick-and-mortar stores out there", Mullins said after just hearing of the news early Friday.
Although Amazon has been dabbling in the fresh produce arena in certain American markets recently, the acquisition of Whole Foods has upset the traditional groceries industry and also impacted food supply companies.
"We've become very comfortable with them (Amazon) as that online retailer, and this just puts them into that physical space, which is something that they've lacked up until this point", said food marketing expert John Scroggins of FoodChannel.com in Springfield.
"Limited-assortment" grocers, such as Kettering's Trader Joe's - stores that typically sell private-label goods and less variety in general - are growing quickly now.
These three have begun offering some of what Whole Foods offers, forcing the supermarket chain to cut prices.
White House Considering New Role for Spicer, Bringing in New Spokesperson
And there are days that I'll decide that the President's voice should be the one that speaks, and iterate his priorities". More and more of Spicer's briefings have been off-camera in recent weeks, including Monday's.
Whole Foods, known for its organic and specialty food will continue to operate stores under its brand and will continue to be led by cofounder and chief executive John Mackey, the two companies said.
Yesterday, Amazon stunned everyone when it revealed that it had agreed to buy out Whole Foods Market for a monstrous sum of close to $14 billion.
That said, there is some speculation that Amazon could end up changing its plans and ultimately use advanced technology inside Whole Foods stores.
Almost $1.5T: Amount spent by Americans on food in a year.
Grocery stores are under more pressure to compete based on convenience, especially as more retailers and startups introduce food options such as meal kits, low-priced snacks and organic groceries, according to a report released earlier this year by Jones Lang LaSalle, a commercial real estate firm.
Whole Foods, founded in 1978, saw its stock peak in 2013 at $65.24.
Amazon Go doesn't employ robots to stock shelves - at least not yet.
Including his Amazon stock, his stake in the aerospace company Blue Origin and other assets, Bezos is worth about $84.7 billion, according to Bloomberg, making him the second-richest person in the world.