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NEW YORK — Online retail giant Amazon is making a bold expansion into physical stores with a $13.7 billion deal to buy Whole Foods, setting the stage for radical retail ...
The news that broke Friday that Amazon was buying Whole Foods for $13.7 billion took Twitter by storm.
Last week, Amazon agreed to buy Whole Foods Market Inc. for $13.7 billion, in a deal that will almost certainly change the landscape of the grocery business for good.
Whole Foods' CEO and Amazon execs have dropped some hints about the changes coming the organic megachain in the wake of the blockbuster deal.
The e-commerce giant emphasized that its goal is to allow shoppers to buy goods like produce ... Amazon said. Amazon has also seen shoppers make more purchases at Amazon Fresh and Whole Foods because ...
Amazon's deal to buy Whole Foods comes as Wal-Mart is engaged in a price war with rivals such as Aldi and Kroger in the grocery segment, which makes up about 56 percent of Wal-Mart's revenue.
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