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Amazon-Whole Foods Merger Shakes And Rattles The Retail Industry

June 16, 2017: 12:00 AM EST
Drug Store News outlined several key points to keep in mind now that Amazon plans to acquire Whole Foods Market. The $13.7 billion acquisition, awaiting approval by regulators and shareholders, will have major repercussions for retailers that sell groceries, beauty products and health products. A few of the key takeaways: both companies benefit from a merger. Amazon extends its beachhead into grocery sales, while Whole Foods gets a rich uncle. The entire retail industry knows now that it’s no longer business as usual: witness the stock slides of Target, Walmart, Kroger, Costco, and Supervalu. The acquisition furthers Amazon’s metamorphosis into a true omnichannel business, thanks to the addition of 460 brick-and-mortar stores. [Image Credit: ©]
David Orgel, "Amazon and Whole Foods: 5 things to know about the blockbuster deal", Drug Store News, June 16, 2017, © Drug Store News
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