This morning Amazon, the overlord of online shopping, announced its recent purchase of Whole Foods Market for a casual $13.7 billion.
What does this mean for the grocery industry? And will we lose the experience of going into a Whole Foods store to admire all of the produce we can’t afford!? It goes without saying, the internet is in a similar state of complete and utter confusion.
Amazon bought Whole Foods and what is happening to the world!?
The combination of Whole Foods high-end retail with Amazon’s magnanimous online presence is speculated to wreak havoc on the grocery industry. This deal also provides Amazon with hundreds of wealthy urban areas in which to test their physical retailing experiments.