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NFT: Amazon to acquire Whole Foods

pjcas18 : 6/16/2017 9:15 am
for $13.7B (all cash). Didn't see this one coming.

So many big mergers and acquisitions lately.

Walgreens and Rite Aid (pending FTC), Cabelas and Bass Pro, Staples and Office Depot (DOJ rejected) but those all made sense to me even if I thought they were bad ideas or good ideas. Plus more...

Amazon and Whole Foods? I don't initially see how they complement each other unless Amazon plans on an Amazon drone delivery in every city where Whole Foods exists or they're trying to horn in on the meal delivery market which seems slim.

What am I missing?
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....  
CoughlinHandsonHips : 6/16/2017 9:16 am : link
Sherwin Williams and Valspar as well
Amazon already has the Amazon Fresh  
T in NJ : 6/16/2017 9:24 am : link
This would greatly expand their grocery home delivery footprint.
WF has been losing market share  
spike : 6/16/2017 9:27 am : link
Hopefully amazon can turn it around.

People think WF is unaffordable, which is probably true
I am in the food business...  
EricJ : 6/16/2017 9:35 am : link
and my company just finished a $10 billion acquisition two months ago.

I am also involved in some of that Amazon fresh business. We are selling to them and in speaking with some of the distribution partners, Amazon at some point will also be targeting small mom and pop restaurants and stores. Most of them are too small to get deliveries from larger distributors like Sysco or US Foods. So, they drive over to Costco, buy from Restaurant Depot, etc. Amazon will be targeting that market but will be delivering with their own trucks/vans vs over night type of mail like they do now with non-foods.
RE: I am in the food business...  
Dan in the Springs : 6/16/2017 9:47 am : link
In comment 13501718 EricJ said:
Quote:
So, they drive over to Costco, buy from Restaurant Depot, etc. Amazon will be targeting that market but will be delivering with their own trucks/vans vs over night type of mail like they do now with non-foods.


I own a small pizza shop and we save a lot of money with our regular trips to Costco and Sams club. We're big enough that Sysco would love our business and we use them occasionally, but in the small restaurant game it's about keeping costs down.

If Amazon can find a way to bring delivery at or very near to the prices paid in the wholesale clubs I think they will have a market. If they price it at the same level as Sysco or others they aren't going to get many small restaurants to switch, imo.
Not this one  
Deej : 6/16/2017 9:49 am : link
but mergers of leading competitors are horrible for consumers. There has been some good reporting on how these get approved. Big school professors hired as expert witnesses to argue that each merger will be pro-consumer and pro-competition by driving prices down. It doesnt pan out. For a lot of these professors, they make many multiples of their univ salary by being experts. And merger approval is increasingly a battle of the experts.

I'd also point people to the linked Economist piece from March. Lack of competition and shareholder overlap leading to excess profits. Profits arent a bad thing. But if industry after industry is pulling down record profit margins, you have to ask why there isnt more competition eating into that.
Link - ( New Window )
Amazon  
feelflows : 6/16/2017 9:58 am : link
has a lot of buzz about some other retailers as well. Notably:

Macy's
BJ's


Whereas Amazon has ridiculous growth, they still are in the single digits in market share for most categories.

The question is, what is their retail plan??

For BJ's, I think if they make that acquisition it will be for clearance and hot buys.

Macy's would be their foot in the door in apparel. Amazon's biggest struggle with apparel is the obvious.. people like to try things on, see different styles and shop for clothing.

What's next? Where is Amazon not the strongest? Home Centers? DIY? Sporting Goods?

I just did a big market research presentation for the Home Centers.. one thing that's painfully obvious is Amazon has little marketshare in this category and it's not even close.
I'm also doing what I can to acquire BJ's.  
GiantFilthy : 6/16/2017 10:02 am : link
.
Hadn't heard Amazon and BJs  
Shecky : 6/16/2017 10:04 am : link
But great fit. Same subscription based plus retail models.
RE: Not this one  
pjcas18 : 6/16/2017 10:06 am : link
In comment 13501724 Deej said:
Quote:
but mergers of leading competitors are horrible for consumers. There has been some good reporting on how these get approved. Big school professors hired as expert witnesses to argue that each merger will be pro-consumer and pro-competition by driving prices down. It doesnt pan out. For a lot of these professors, they make many multiples of their univ salary by being experts. And merger approval is increasingly a battle of the experts.

I'd also point people to the linked Economist piece from March. Lack of competition and shareholder overlap leading to excess profits. Profits arent a bad thing. But if industry after industry is pulling down record profit margins, you have to ask why there isnt more competition eating into that. Link - ( New Window )


I was surprised the Staples and Office Depot was rejected, but Cabelas and Bass Pro approved.

I thought both should have been rejected (or approved) their arguments for competition are pretty similar - Amazon, Target, Walmart, WB Mason, etc. for Staples/OD and And Amazon, REI, EMS, Target, Walmart, etc. for Cabelas/Bass Pro.
Amazon  
Ron Johnson 30 : 6/16/2017 10:08 am : link
the king of retail.
.  
Ron Johnson 30 : 6/16/2017 10:09 am : link
.
Link - ( New Window )
Oops  
Ron Johnson 30 : 6/16/2017 10:10 am : link
title of link

Retail bloodbath: Bankruptcy filings pile up
Amazon and Walmart are at war  
jcn56 : 6/16/2017 10:12 am : link
so I guess they had to have a physical presence of some sort, and needed to beef up their food offerings, so...
rare  
feelflows : 6/16/2017 10:17 am : link
coffee spitting moment for me..serious. Thanks Filth lol

PJ, the Bass Pro/Cabela's merger shocked me for the opposite reason.. what took it so long to go through? It's NOT a monopoly.

The leader in sporting good sales is Walmart and Target.. put them aside. In the "outdoor" world you have big players besides Bass Pro/Cabela's:

Dick's
Academy
Sportsman's Warehouse
REI
Big 5
Dunham's

I'm sure I'm missing a regional one, but those are the big volume drivers.

I know Dick's/Academy/Sportsman's Warehouse have large growth plans over the next 5 years. Dick's is also concentrating on growing their Outdoor Sports market by opening more Field & Stream stores to compete directly with Bass Pro & Cabela's.

Bass Pro/Cabela's/Field & Stream are mainly destination retailers. Cabela's has struggled because the apparel sales took a huge hit. Why? You can go into Dick's or Academy and buy a very similar brand name and quality for 1/2 the price.

Retail landscape screams "discount retailers with name brands". That is why retailers like Dick's/Academy/Walmart are very healthy and others are not:

Gander (bye)
Sport Chalet (bye)
MC Sports (bye)
Eastern Mountain Sports (bye)
Sports Authority (just a hot mess, bye)

RE: Amazon and Walmart are at war  
feelflows : 6/16/2017 10:21 am : link
In comment 13501747 jcn56 said:
Quote:
so I guess they had to have a physical presence of some sort, and needed to beef up their food offerings, so...


Walmart is putting a TON of concentration on Jet.com. The problem is, Amazon has such a head start it's not even close.

To make it work, they will have to offer the service free for a year and add free perks to get people to switch. I'm not sure if a publicly traded company is willing to do that. Stockholders don't like the word "free".
RE: Amazon and Walmart are at war  
Diver_Down : 6/16/2017 10:22 am : link
In comment 13501747 jcn56 said:
Quote:
so I guess they had to have a physical presence of some sort, and needed to beef up their food offerings, so...


In a recent salvo fired at Wally's World, Amazon will discount it's Prime membership for those with EBT. If you qualify for food stamps, it is an attractive incentive to have free shipping of your grocery items. Those lower income individuals can now have their non-perishable food items shipped and Amazon captures a larger market segment.
RE: rare  
pjcas18 : 6/16/2017 10:27 am : link
In comment 13501749 feelflows said:
Quote:
coffee spitting moment for me..serious. Thanks Filth lol

PJ, the Bass Pro/Cabela's merger shocked me for the opposite reason.. what took it so long to go through? It's NOT a monopoly.

The leader in sporting good sales is Walmart and Target.. put them aside. In the "outdoor" world you have big players besides Bass Pro/Cabela's:

Dick's
Academy
Sportsman's Warehouse
REI
Big 5
Dunham's

I'm sure I'm missing a regional one, but those are the big volume drivers.

I know Dick's/Academy/Sportsman's Warehouse have large growth plans over the next 5 years. Dick's is also concentrating on growing their Outdoor Sports market by opening more Field & Stream stores to compete directly with Bass Pro & Cabela's.

Bass Pro/Cabela's/Field & Stream are mainly destination retailers. Cabela's has struggled because the apparel sales took a huge hit. Why? You can go into Dick's or Academy and buy a very similar brand name and quality for 1/2 the price.

Retail landscape screams "discount retailers with name brands". That is why retailers like Dick's/Academy/Walmart are very healthy and others are not:

Gander (bye)
Sport Chalet (bye)
MC Sports (bye)
Eastern Mountain Sports (bye)
Sports Authority (just a hot mess, bye)


It took like 5 months for Cabelas/Bass Pro to merge. I think that's pretty fast for a $5B transaction to get through all necessary hoops to close.

My point wasn't it should have taken a long time, my point was I don't see too much difference between Staples and Office Depot and Bass Pro and Cabelas.

and the decisions on both should have been the same.
Amazon  
RinR : 6/16/2017 10:29 am : link
is trying to perfect "checkout less" bricks-and-mortar shopping. Thats right; Amazon opening a bricks-and-mortar store. In fact, they piloted this concept I think in Seattle but had to shut it down due to several technical issues.

The concept is you walk in, grab what you want and walk out. All the items you selected are charged or debited to whatever card you want to use. I've vastly over simplified how this would work but you get the picture.

I'm not saying the WF acquisition is towards this end but it wouldnt surprise me if long term some of these stores are converted. Assuming they can perfect the technology.
RE: RE: rare  
feelflows : 6/16/2017 10:30 am : link
In comment 13501759 pjcas18 said:
Quote:
In comment 13501749 feelflows said:


Quote:


coffee spitting moment for me..serious. Thanks Filth lol

PJ, the Bass Pro/Cabela's merger shocked me for the opposite reason.. what took it so long to go through? It's NOT a monopoly.

The leader in sporting good sales is Walmart and Target.. put them aside. In the "outdoor" world you have big players besides Bass Pro/Cabela's:

Dick's
Academy
Sportsman's Warehouse
REI
Big 5
Dunham's

I'm sure I'm missing a regional one, but those are the big volume drivers.

I know Dick's/Academy/Sportsman's Warehouse have large growth plans over the next 5 years. Dick's is also concentrating on growing their Outdoor Sports market by opening more Field & Stream stores to compete directly with Bass Pro & Cabela's.

Bass Pro/Cabela's/Field & Stream are mainly destination retailers. Cabela's has struggled because the apparel sales took a huge hit. Why? You can go into Dick's or Academy and buy a very similar brand name and quality for 1/2 the price.

Retail landscape screams "discount retailers with name brands". That is why retailers like Dick's/Academy/Walmart are very healthy and others are not:

Gander (bye)
Sport Chalet (bye)
MC Sports (bye)
Eastern Mountain Sports (bye)
Sports Authority (just a hot mess, bye)




It took like 5 months for Cabelas/Bass Pro to merge. I think that's pretty fast for a $5B transaction to get through all necessary hoops to close.

My point wasn't it should have taken a long time, my point was I don't see too much difference between Staples and Office Depot and Bass Pro and Cabelas.

and the decisions on both should have been the same.


I'd agree with that for the most part.

I think Staples/Office Depot/Max is a true monopoly, though.

Take away Walmart and possibly Target, and that's it.
Was the Cabelas/Bass Pro merger approved?  
jcn56 : 6/16/2017 10:30 am : link
The last I read (albeit sometime back) they had to restructure and change the asking price for Cabelas due to some regulatory concerns.
Pretty interesting how this went down  
YAJ2112 : 6/16/2017 10:40 am : link
Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.
RE: Pretty interesting how this went down  
pjcas18 : 6/16/2017 10:46 am : link
In comment 13501777 YAJ2112 said:
Quote:
Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.


Nice try twitter thief.

Quote:

JESAL‏ @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."
RE: Was the Cabelas/Bass Pro merger approved?  
feelflows : 6/16/2017 10:46 am : link
In comment 13501763 jcn56 said:
Quote:
The last I read (albeit sometime back) they had to restructure and change the asking price for Cabelas due to some regulatory concerns.


I was at a Bass Pro function 2 months ago and heard one of their executive's talking like it was a done deal and will be announced in July.

Hearsay, so take it for what it's worth.
Perhaps Amazon can take over North Korea  
Lowell : 6/16/2017 10:52 am : link
and replace the existing management.
RE: Was the Cabelas/Bass Pro merger approved?  
pjcas18 : 6/16/2017 10:52 am : link
In comment 13501763 jcn56 said:
Quote:
The last I read (albeit sometime back) they had to restructure and change the asking price for Cabelas due to some regulatory concerns.


sorry, you are right, it's expected to be finalized 3rd quarter. still fast. Walgreens/Rite Aid has been going on for almost 2 years by the time it closes.
RE: RE: Was the Cabelas/Bass Pro merger approved?  
feelflows : 6/16/2017 10:55 am : link
In comment 13501792 pjcas18 said:
Quote:
In comment 13501763 jcn56 said:


Quote:


The last I read (albeit sometime back) they had to restructure and change the asking price for Cabelas due to some regulatory concerns.



sorry, you are right, it's expected to be finalized 3rd quarter. still fast. Walgreens/Rite Aid has been going on for almost 2 years by the time it closes.


That one should be interesting to watch unfold.

Pharmacy customers are loyal. I think Walgreens will keep the Rite-Aid stores as is, like they did with Duane Reade. Just for the fact that they don't want to see anybody switch to CVS.

The older generations HATE change.
No, I agree that the Cabelas/BPS merger is moving quickly  
jcn56 : 6/16/2017 11:02 am : link
for a transaction that size. I just mentioned it because it seemed for awhile there that it was going to unravel.

I know little about the businesses in question, but it seems like Cabelas had to divest a bank before moving forward? Store credit/loans I'm assuming? How many of these companies, from retailers up to car manufacturers, have become banks (essentially) in order to keep customers shopping with readily available credit?
I guess John Mackey isn't a fan?  
RobCarpenter : 6/16/2017 11:05 am : link
He was complaining about the activists that want to force a sale two days ago.

Or is he just a total hypocrite?

From the article:

"these guys just want to sell us, because they think they can make forty or fifty percent in a short period of time."
Link - ( New Window )
RE: I'm also doing what I can to acquire BJ's.  
NDMedics : 6/16/2017 11:06 am : link
In comment 13501730 GiantFilthy said:
Quote:
.



Annnnnnd.....Filthy for the win!!!
RE: RE: Pretty interesting how this went down  
YAJ2112 : 6/16/2017 11:12 am : link
In comment 13501783 pjcas18 said:
Quote:
In comment 13501777 YAJ2112 said:


Quote:


Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.



Nice try twitter thief.



Quote:



JESAL @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."



I didn't say I wrote it, was just sharing with the class and I can't get to twitter on this computer
RE: RE: RE: Pretty interesting how this went down  
pjcas18 : 6/16/2017 11:13 am : link
In comment 13501812 YAJ2112 said:
Quote:
In comment 13501783 pjcas18 said:


Quote:


In comment 13501777 YAJ2112 said:


Quote:


Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.



Nice try twitter thief.



Quote:



JESAL @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."





I didn't say I wrote it, was just sharing with the class and I can't get to twitter on this computer


I know, just busting your balls.
Maybe Amazon will force them  
NNJ Tom : 6/16/2017 11:15 am : link
to start selling Lobsters again.

F@#$ Whole Foods

RE: RE: RE: Pretty interesting how this went down  
feelflows : 6/16/2017 11:17 am : link
In comment 13501812 YAJ2112 said:
Quote:
In comment 13501783 pjcas18 said:


Quote:


In comment 13501777 YAJ2112 said:


Quote:


Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.



Nice try twitter thief.



Quote:



JESAL @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."





I didn't say I wrote it, was just sharing with the class and I can't get to twitter on this computer


my college journalism professor would kick your ass for plagiarism or not sourcing.. but he's dead * (source, NYT Obitiuary, 2010)
RE: I guess John Mackey isn't a fan?  
njm : 6/16/2017 11:23 am : link
In comment 13501802 RobCarpenter said:
Quote:
He was complaining about the activists that want to force a sale two days ago.

Or is he just a total hypocrite?

From the article:

"these guys just want to sell us, because they think they can make forty or fifty percent in a short period of time." Link - ( New Window )



While I think Amazon is in for the long haul, I do question the fit with Whole Foods. The employee culture and benefit structure seems very different than the (what I believe to be) bare bones culture of Amazon. And the customer profile of what I've seen when I shop (rarely) at Whole Foods would seem to be in line with the existing culture. This will be interesting to follow.
I just got the email from Whole Foods  
feelflows : 6/16/2017 11:26 am : link
Dear Valued Shopper,

Today marks the beginning of an exciting new chapter in Whole Foods Markets history with the announcement that weve entered into an agreement to merge with Amazon.

Amazon is an innovative company and we are excited about our partnership. We believe it presents an incredible opportunity to take Whole Foods Markets mission and purpose to new levels and will create significant value for our stakeholders including you, our most loyal customers.

We want to assure you that Amazon shares Whole Foods Markets deep commitment to quality and customer service. We will continue to operate our stores and deliver the highest quality, delicious natural and organic products that youve come to love and trust from Whole Foods Market.

No artificial flavors, colors, preservatives, sweeteners or hydrogenated fats will ever be in any of the food we sell. Meat will still come from animals raised with no-added growth hormones, ever. And all eggs in our dairy cases will continue to come from cage-free hens that arent given antibiotics. Those standards are core to Whole Foods Market and we will remain committed to them.

Whether youve been a Whole Foodie for 30 days or 30 years, you have been an important part of making Whole Foods Market what it is today. We look forward to sharing the next chapter with you.

From,
Your Whole Foods Market Team
RE: I guess John Mackey isn't a fan?  
Deej : 6/16/2017 11:28 am : link
In comment 13501802 RobCarpenter said:
Quote:
He was complaining about the activists that want to force a sale two days ago.

Or is he just a total hypocrite?

From the article:

"these guys just want to sell us, because they think they can make forty or fifty percent in a short period of time." Link - ( New Window )


What's the argument? Immediate 40-50% return is great for shareholders. Only LEGIT counter argument is that the stock is even more undervalued than that. Which suggests mismanagement.

I hate this kind of bullshit. Where management forgets that the shareholders own the company.
RE: RE: I am in the food business...  
EricJ : 6/16/2017 11:30 am : link
In comment 13501723 Dan in the Springs said:
Quote:
In comment 13501718 EricJ said:


Quote:


So, they drive over to Costco, buy from Restaurant Depot, etc. Amazon will be targeting that market but will be delivering with their own trucks/vans vs over night type of mail like they do now with non-foods.



I own a small pizza shop and we save a lot of money with our regular trips to Costco and Sams club. We're big enough that Sysco would love our business and we use them occasionally, but in the small restaurant game it's about keeping costs down.

If Amazon can find a way to bring delivery at or very near to the prices paid in the wholesale clubs I think they will have a market. If they price it at the same level as Sysco or others they aren't going to get many small restaurants to switch, imo.


Sounds like you are being quoted "street" pricing from the distributors which means their markup to you is much greater than for others.

Some foodservice operators are going to Costco to save pennies. Pushing shopping carts and loading vans rather than focusing on building their businesses. If you are saving a ton of money then it is worth it. I DO see people doing it for pennies though.

Look into joining a buying group. One in particular would put that pricing in the Costco range through one of the broadline distributors but I am not sure whether they are accepting pizza shops as members. At least 50% of their membership consists of healthcare accounts.
RE: WF has been losing market share  
LauderdaleMatty : 6/16/2017 11:31 am : link
In comment 13501715 spike said:
Quote:
Hopefully amazon can turn it around.

People think WF is unaffordable, which is probably true


Think? If you want to over spend for groceries thats fine but they are insanely over priced. There are plenty of studies that show what foods are and are not worth spending for organically that's a personal choice. But you are paying through the nose.

They honed in on a segment of the population that was looking for those products. Now like all markets competion showed up. Plus the amount of small farms that have flourished has increased. Not sure how it will work out. I don't shop there often at all personally. $30 a pound for sea bass?
RE: I just got the email from Whole Foods  
Deej : 6/16/2017 11:36 am : link
In comment 13501840 feelflows said:
Quote:
Dear Valued Shopper,

Today marks the beginning of an exciting new chapter in Whole Foods Markets history with the announcement that weve entered into an agreement to merge with Amazon.

Amazon is an innovative company and we are excited about our partnership. We believe it presents an incredible opportunity to take Whole Foods Markets mission and purpose to new levels and will create significant value for our stakeholders including you, our most loyal customers.

We want to assure you that Amazon shares Whole Foods Markets deep commitment to quality and customer service. We will continue to operate our stores and deliver the highest quality, delicious natural and organic products that youve come to love and trust from Whole Foods Market.

No artificial flavors, colors, preservatives, sweeteners or hydrogenated fats will ever be in any of the food we sell. Meat will still come from animals raised with no-added growth hormones, ever. And all eggs in our dairy cases will continue to come from cage-free hens that arent given antibiotics. Those standards are core to Whole Foods Market and we will remain committed to them.


Whether youve been a Whole Foodie for 30 days or 30 years, you have been an important part of making Whole Foods Market what it is today. We look forward to sharing the next chapter with you.

From,
Your Whole Foods Market Team


That assurance isnt worth the paper it isnt printed on.

Amazon is well known for failing to police its marketplace for knock offs and fraud. If you want to say WFM will be operated differently/separately, say it. But dont bullshit about Amazon's commitment to quality and assurance.
RE: RE: I just got the email from Whole Foods  
feelflows : 6/16/2017 11:43 am : link
In comment 13501863 Deej said:
Quote:
In comment 13501840 feelflows said:


Quote:


Dear Valued Shopper,

Today marks the beginning of an exciting new chapter in Whole Foods Markets history with the announcement that weve entered into an agreement to merge with Amazon.

Amazon is an innovative company and we are excited about our partnership. We believe it presents an incredible opportunity to take Whole Foods Markets mission and purpose to new levels and will create significant value for our stakeholders including you, our most loyal customers.

We want to assure you that Amazon shares Whole Foods Markets deep commitment to quality and customer service. We will continue to operate our stores and deliver the highest quality, delicious natural and organic products that youve come to love and trust from Whole Foods Market.

No artificial flavors, colors, preservatives, sweeteners or hydrogenated fats will ever be in any of the food we sell. Meat will still come from animals raised with no-added growth hormones, ever. And all eggs in our dairy cases will continue to come from cage-free hens that arent given antibiotics. Those standards are core to Whole Foods Market and we will remain committed to them.

Whether youve been a Whole Foodie for 30 days or 30 years, you have been an important part of making Whole Foods Market what it is today. We look forward to sharing the next chapter with you.

From,
Your Whole Foods Market Team



That assurance isnt worth the paper it isnt printed on.

Amazon is well known for failing to police its marketplace for knock offs and fraud. If you want to say WFM will be operated differently/separately, say it. But dont bullshit about Amazon's commitment to quality and assurance.


Amazon's main value is in it's customer service and convenience. If you can wait 2 days, it's great. You feel like you've gotten a deal and you know you can return it if it's not what you want.

I agree that it's pretty comical that WFM would emphasize quality as a value of the merger.
RE: RE: RE: RE: Pretty interesting how this went down  
YAJ2112 : 6/16/2017 12:18 pm : link
In comment 13501823 feelflows said:
Quote:
In comment 13501812 YAJ2112 said:


Quote:


In comment 13501783 pjcas18 said:


Quote:


In comment 13501777 YAJ2112 said:


Quote:


Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.



Nice try twitter thief.



Quote:



JESAL @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."





I didn't say I wrote it, was just sharing with the class and I can't get to twitter on this computer



my college journalism professor would kick your ass for plagiarism or not sourcing.. but he's dead * (source, NYT Obitiuary, 2010)


Thanks radar
RE: RE: RE: RE: RE: Pretty interesting how this went down  
feelflows : 6/16/2017 12:33 pm : link
In comment 13501910 YAJ2112 said:
Quote:
In comment 13501823 feelflows said:


Quote:


In comment 13501812 YAJ2112 said:


Quote:


In comment 13501783 pjcas18 said:


Quote:


In comment 13501777 YAJ2112 said:


Quote:


Jeff Bezos: Alexa, buy me something from Whole Foods.

Alexa: Sure, Jeff. Buying Whole Foods now.

Jeff: WHA- ahh go ahead.



Nice try twitter thief.



Quote:



JESAL @JesalTV 1h1 hour ago

Jeff Bezos: "Alexa, buy me something from Whole Foods."

Alexa: "Sure, Jeff. Buying Whole Foods now."

Jeff Bezos: "WHA- ahh go ahead."





I didn't say I wrote it, was just sharing with the class and I can't get to twitter on this computer



my college journalism professor would kick your ass for plagiarism or not sourcing.. but he's dead * (source, NYT Obitiuary, 2010)



Thanks radar


no problem Major Winchester
This is all about distribution  
jlukes : 6/16/2017 12:34 pm : link
.
RE: RE: RE: I just got the email from Whole Foods  
Deej : 6/16/2017 12:36 pm : link
In comment 13501879 feelflows said:
Quote:

Amazon's main value is in it's customer service and convenience. If you can wait 2 days, it's great. You feel like you've gotten a deal and you know you can return it if it's not what you want.

I agree that it's pretty comical that WFM would emphasize quality as a value of the merger.


Also price. Amazon competes like crazy on price.

This merger is a little weird for me. It can be justified as "well Amazon wants to sell food". But look any deeper and it is a weird fit.

I suspect Amazon thought it was a decent price/toy, and the WFM CEO got a promise that he'd keep running the company.
RE: RE: RE: RE: RE: RE: Pretty interesting how this went down  
YAJ2112 : 6/16/2017 12:37 pm : link
That's Major Charles Emerson Winchester the Third to you, Corporal.
ha!  
feelflows : 6/16/2017 12:40 pm : link
I was gonna go with Frank Burns, but.. Hot Lips and all.
RE: This is all about distribution  
feelflows : 6/16/2017 12:42 pm : link
In comment 13501921 jlukes said:
Quote:
.


that's what's confusing. It's distribution of a very specific category of food. It's not mass distribution that Amazon is known for.
Whole Foods has some distribution centers in places  
jlukes : 6/16/2017 12:44 pm : link
where Amazon doesn't. And a startling percentage of Whole Foods customers are already Amazon Prime members.

This sale gets Amazon even closer to those consumers.
so a $13b deal  
capone : 6/16/2017 12:53 pm : link
wipes out $25b in other retailers.. makes sense ?

Im not a trader and don't invest in retail but this looks like an huge over reaction Walmart, Kroger, target etc.

if you work in the markets would like to hear your view.
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