Amazon Lowers Whole Foods’ Prices, Strikes Fear In Investors
Earlier this season, the retail world received a jolt when Amazon acquired Whole Foods–and tomorrow, consumers will rejoice when they find their avocados, tilapia, and baby kale are suddenly cheaper. Amazon is not shy about its mission to become the global “everything store”, and groceries are basically the final frontier. Whole Foods shoppers will see […]
Why is Amazon Buying Whole Foods in a $13.7B Cash Deal?
In an interesting announcement today, Amazon has decided to purchase Whole Foods in an extremely lucrative deal that’s making business insiders talk. Whole Foods Market’s been criticized in the past for not leveraging their earning potential “enough” to satisfy its investors, but their stocks skyrocketed 28 percent after Amazon announced their decision. As the online […]