7B in grocery industry shakeup
SubscriptionsGo to the Subscriptions Centre canada goose replica to manage your:My ProfileOnline selling giant Amazon is canadagoosejacketca buying high end grocery store chain Whole Foods in a deal Canada Goose Outlet that has the potential to revolutionize both sides of the retail industry.Amazon will pay $42 US a share or $13.7 billion in cash canada goose outlet toronto factory for canada goose deals Whole Foods’ shares, a 27 per cent premium to what Whole Foods was worth on Thursday.Amazon’s own shares gained canada goose clearance sale $23.54 US in reaction to the news on Friday More to close at $987.71 US on Nasdaq.Whole Foods shares closed at $42.68 US on Friday just above the offer price, which suggests some investors think a better offer from someone else could be coming. The grocer must pay a $400 million US break fee if the deal falls apart.Inside the Bay’s Canada Goose Parka $60M plan to cheap Canada Goose take on AmazonAmazon plans to leave Whole Foods’ network of stores pretty much as they are, retaining all employees, locations and the current executive canada goose clearance team. and 13 more in Canada mainly in Toronto and Vancouver, but also one location in Victoria, and one in Ottawa.While Amazon is best known as an online selling colossus, in canada goose coats recent Canada Goose Online years it has dabbled in conventional retailing, opening a few bricks and mortar book stores in 2015 canada goose store followed by 2018 canada goose outlet a small number of cashless buy canada goose jacket grocery stores last year.Amazon’s move into retail could cause a wave of disruptionBut Friday’s canada goose outlet store locations news is by far Amazon’s biggest step into conventional retail and its biggest acquisition of any type of company in dollar terms.”The line has now been crossed as Amazon has started its invasion of bricks and mortar with the beachhead food category,” retail analyst Bruce Winder of the Retail Advisors canada goose black friday sale Network said. “The retail war has buy canada goose jacket cheap been elevated to a new level now as Amazon dukes it out from both a cyber and bricks format.”Why Apple, Amazon, Google and Microsoft are all betting on smart speakersDoug Stephens, the Canada Goose Jackets founder of RetailProphet, says the canadian goose jacket move has the potential to change the way grocery stores operate, and also how Amazon does.Most grocery stores operate on a razor thin profit margin, so don’t have a lot of cash on hand to canada goose coats on sale invest in new technology or innovation. Amazon, on the other hand, spends much of its Canada Goose online money doing just that. So having a canada goose technology powerhouse coming in to shake up the way people buy food “is a really daunting prospect for the grocery industry,” Stephens told CBC News Canada Goose Coats On Sale in an interview.The company recently rolled out a few locations of something called Amazon Go, which is essentially Canada Goose sale a small grocery store with no cashiers.Instead of lining up to pay at the end, customers simply log in via an app when they enter the stores, collect whatever they want from the aisles, and go home the bill is sent to their account, based on GPS technology that monitors and tracks what they picked up and purchased.