Convenience Store News - July 2017 - 20

INDUSTRYROUNDUP

competitive watch
Amazon Makes
Whole Foods Push Into
Brick-and-Mortar Retail

20 Convenience Store News | JULY 2017 | WWW.CSNEWS.COM

A

mazon Inc. is building up its
presence in the grocery channel and making another move into
brick-and-mortar retail with a deal
to acquire Whole Foods Market
Inc. for approximately $13.7 billion in an all-cash agreement.
"Millions of people love Whole
Foods Market because they offer the
best natural and organic foods, and
they make it fun to eat healthy,"
said Jeff Bezos, Amazon founder
and CEO. "Whole Foods Market
has been satisfying, delighting and
nourishing customers for nearly four
decades - they're doing an amazing
job and we want that to continue."
Whole Foods Market, which
operates more than 460 stores in the
United States, will continue to operate the stores under the Whole Foods
Market brand and source from
trusted vendors and partners around
the world, according to a joint
release from the companies. John
Mackey will remain CEO of Whole
Foods Market. The retailer will keep
its headquarters in Austin, Texas,
though Amazon is based in Seattle.
The deal is expected to close
during the second half of the year.
This combination could have
potentially massive reverberations
for both food brands and the world
of brick-and-mortar retailing,
according to branding and retail
experts throughout the industry.
"For starters, this acquisition
promises to shake up pricing, the
ecommerce space, the trajectory
of retail automation in the United
States, and the already considerable competitive pressures faced by
existing food retailers," observed
Todd Maute, partner at CBX, a
New York-based brand agency
and retail environments consultancy. "When it comes to making
bold moves aimed at disruption,
Amazon never disappoints."


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Table of Contents for the Digital Edition of Convenience Store News - July 2017

Contents
Convenience Store News - July 2017 - Intro
Convenience Store News - July 2017 - Cover1
Convenience Store News - July 2017 - Cover2
Convenience Store News - July 2017 - 3
Convenience Store News - July 2017 - 4
Convenience Store News - July 2017 - 5
Convenience Store News - July 2017 - Contents
Convenience Store News - July 2017 - 7
Convenience Store News - July 2017 - 8
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Convenience Store News - July 2017 - 17
Convenience Store News - July 2017 - 18
Convenience Store News - July 2017 - N1
Convenience Store News - July 2017 - N2
Convenience Store News - July 2017 - 19
Convenience Store News - July 2017 - 20
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Convenience Store News - July 2017 - Cover3
Convenience Store News - July 2017 - Cover4
Convenience Store News - July 2017 - U1
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