On its first official day as owner of the grocery chain, Amazon cut Whole Foods prices by as much as 43% on Monday. In North American stores, Amazon also added its logo to in-store signage and placed Amazon Echo devices
Google and Walmart are joining forces to better compete with Amazon in the e-commerce market. Amazon has long dominated the e-commerce market, and has recently been setting its sights on brick-and-mortar retailing as well. Its acquisition of Whole Foods has
Amazon has set its sights on the conquering the auto parts industry. As BizVibe mentioned last week, the mammoth online retailer has made deals with some of the largest suppliers of US auto parts. Suppliers will be able to sell
US Representative David Cicilline, the top Democrat on the US House of Representatives antitrust subcommittee, is calling for a hearing on Amazon’s proposed acquisition of Whole Foods to examine how the deal will impact consumers and the US’s food and beverage
Amazon is making headlines once again following the news of its USD 13.7 billion acquisition of Whole Foods. This time, the e-commerce giant is making big moves in the sportswear industry, snatching up Nike as the newest Amazon partner. Amazon
Amazon is set to purchase Whole Foods in a USD 13.7 billion deal (USD 42 per share). This move marks Amazon’s biggest foray yet into traditional retailing, and has sent Whole Foods’ shares shooting upwards by 28%. The grocery store
The food and beverage industry is an essential part of the US economy. Between agriculture, manufacturing, retail, and food service, the sector makes up roughly 5% of the country’s GDP and 10% of employment. Its sales total $1.4 trillion.