{"id":2276,"date":"2017-06-16T12:11:14","date_gmt":"2017-06-16T19:11:14","guid":{"rendered":"http:\/\/re-tales.net\/?p=2276"},"modified":"2017-06-16T12:11:14","modified_gmt":"2017-06-16T19:11:14","slug":"amazon-is-buying-whole-foods-market-in-13-7-billion-deal","status":"publish","type":"post","link":"http:\/\/re-tales.net\/?p=2276","title":{"rendered":"Amazon is buying Whole Foods Market in 13.7-billion deal"},"content":{"rendered":"
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\u00a0 \u00a0At one point there was Henry’s Market, and they were bought by Whole Foods. \u00a0Then Whole Foods sold them to Sprouts, and Henry’s was gone and they were all converted to Sprouts. \u00a0Now Whole Foods has been gobbled up by the biggest of them all, Amazon. \u00a0 I’m guessing they will lose the nickname of “Whole Paycheck” as their exorbitant prices will start to come now as a result of Amazon’s buying and distribution abilities, but even more awesome is that you’ll probably soon be able to buy that weird brand of chips that only Whole Foods carries online from Amazon.<\/p>\n

\u00a0 \u00a0 I don’t know about you, but I’m starting to think that Amazon is really SkyNet and this is the first stage of their world domination.<\/p>\n<\/div>\n

Source: \u00a0LA Times<\/p>\n<\/header>\n

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Dropping a bombshell on the U.S. grocery industry, online shopping giant Amazon.com Inc.<\/a> said Friday it has agreed to buy Whole Foods Market Inc.<\/a> for $13.7 billion in cash.<\/em><\/p>\n

The deal\u2019s announcement instantly sparked a selloff in the stocks of other major U.S. supermarket and big-box chains<\/a> on expectations that Amazon would bring its low-price expertise and technology prowess to bear with Whole Foods, putting further downward pressure on prices in the already hyper-competitive, $611-billion U.S. grocery industry.<\/em><\/p>\n