Friday, June 23, 2017

Latest KeyPoints retail newsletter: Amazon & Whole Foods - Who The Heck Knows?!

Few news stories in the retail industry have caused such a huge sensation - or such an insane level of general freaking out - as Amazon’s proposed acquisition of Whole Foods. Journalists, pundits, and commentators of all stripes are falling all over themselves to explain what it all means for grocery shopping, e-commerce, real estate, the economy, and, you know, eating food. Here’s a brief compendium of just a few of the thousands of recent banner headlines, with a selection of quotes from each story (the italics are, generally, ours):

Amazon to buy Whole Foods for $13.7 billion
Market Watch, June 16
“ Inc. said it would buy Whole Foods Market Inc. for $13.7 billion as the giant internet retailer makes a deeper push into the grocery space. Amazon will pay $42 a share for Whole Foods, valuing the grocer at a 27% premium to its closing price Thursday. The deal is expected to close in the second half of this year. Amazon’s move tanked the stocks of grocery competitors as investors worried that Amazon could do to grocery the same as it did to booksellers.”. . . more

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