Amazon is buying grocery stores now

[fan_since79]

$13.4 billion for Whole Foods Market.

My Mom bought some Amazon shares @ $400 a couple years ago and we all thought she was crazy. It's at $994 today. Mom is laughing now.

 

[cez]

a friend of mine in nyc has used amazon pantry for most of their groceries for the past year or so. 

and whole foods is everything to millions of people living in big cities. 

buying whole foods is going to make it so that there are even more distribution centers for that service.

 

[mrwicked]

other grocery stores are sh*tting their pants right now.

amazon is so massive. AWS is just a juggernaut.

[Catwhoshatinthehat]

Just one more way for them to get into the brick and mortar market while reducing competitors market share.   

[fan_since79]

6 minutes ago, mrwicked said:

other grocery stores are sh*tting their pants right now.

amazon is so massive. AWS is just a juggernaut.

Kroger stock is down 13% today as bad news comes in for the company (they own Ralph's)

The good news is, Ralph's is lowering prices in order to compete and survive. Milk and eggs, other staples etc.

 

[fan_since79]

Bespoke Investments publishes a "Death by Amazon" index which tracks 50 large retailers and their stock performance in relation to Amazon and the S&P 1,500 since 2012.

I think you have to pay for it, but here's a screen shot of their chart from last year.

Edited June 16, 2017 by fan_since79

[Thomas]

Variations of this meme everywhere this morning.

 

[Amazing Larry]

26 minutes ago, fan_since79 said:

Kroger stock is down 13% today as bad news comes in for the company (they own Ralph's)

The good news is, Ralph's is lowering prices in order to compete and survive. Milk and eggs, other staples etc.

Ralph's needs to get rid of their "Fresh Fare" markets. Those places absolutely suck.

[Jason]

Hopefully I can get a little basket of organic kumquats for less than $12 now

[gotbeer]

http://www.latimes.com/business/la-fi-amazon-whole-foods-updates-amazon-s-market-value-jumps-13-7-1497630484-htmlstory.html

 

Quote

June 16, 2017, 9:28 a.m.

Amazon's market value jumps $13.7 billion -- making the Whole Foods purchase kind of free

Investors on Friday effectively handed Amazon.com the $13.7 billion it agreed to pay for Whole Foods Market -- for the moment, at least.

After the companies announced the deal, Amazon’s stock jumped $28.76 a share, to $992.93. 

Amazon has about 478 million shares outstanding, according to FactSet Research Systems, so the stock’s gain Friday added $13.7 billion to Amazon’s total market value. (The jump brings Amazon's market value to $475 billion.)

 

 

[Jay]

Amazon bought the distribution system, the "Whole Foods" brand is worthless, IMO.

 

[Tank]

1 hour ago, Jason said:

Hopefully I can get a little basket of organic kumquats for less than $12 now

dream on, produce boy.

[RallyMo]

$14 billion?

So Amazon bought two weeks worth of groceries from them?

[tversl]

 Amazon's method looks more appealing to shoppers, unlike the tedious scanning of each item individually, occurring at major retailers like Marks and Spencer, Tesco, or Sainsbury's. The American company is so confident in its technology that it says shoppers shouldn't have to worry about how the system recognizes what they bought at all. Once you have taken what you need from the shelves, you can leave the store and go home. This technology was first used in the United States in similar Amazon Go stores, which have opened Recently, I bought a flag pole light in such a store, and I am satisfied with my purchase to this day

[St1ck]

4 minutes ago, cals said:

Especially Tesco.

They are extremely tedious with their individualized scanning. 

[St1ck]

1 minute ago, cals said:

They should try Amazon’s method which is more appealing to shoppers. 

I'm so disgusted with Sainsbury's individual scanning method I can't even bring myself to drive within thousands of miles of one. 

[St1ck]

5 minutes ago, cals said:

I’ll be honest, I’d be lost without Marks and Spencer, so I just grin and bear the tedious individual scanning.

How do you even sleep at night? 

[gotbeer]

15 minutes ago, cals said:

They should try Amazon’s method which is more appealing to shoppers. 

Naw, they should try the Walgreen and Target method.  It has a lot more appeal.  You just walk out with whatever you can grab.

[St1ck]

1 minute ago, cals said:

I count scanned items in my head.

The correct answer was: On individually scanned pillows purchased from Mark's. 

[Tank]

1 hour ago, cals said:

Especially Tesco.

i should've known you were a tesco kind of guy.

give me sainsbury all day every day.

[St1ck]

41 minutes ago, Tank said:

i should've known you were a tesco kind of guy.

give me sainsbury all day every day.

Every time you shop at Sainsbury God kills a puppy. 

[Slegnaac]

53 minutes ago, cals said:

Which one is the undercover mutt?

[Slegnaac]

1 hour ago, Tank said:

i should've known you were a tesco kind of guy.

give me sainsbury all day every day.

Tesco has better frozen meat pies.

[Tank]

6 hours ago, Slegnaac said:

Tesco has better frozen meat pies.

[Tank]

i'll have to take your word for it.