Amazon's acquisition of Whole Foods Begins on Monday with Discounts for Prime Members
Amazon and Whole Foods Market announced Amazon's acquisition of Whole Foods Market will close on Monday, August 28, 2017, and the two companies will together pursue the vision of making Whole Foods Market's high-quality, natural and organic food affordable for everyone. As a down payment on that vision, Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples across its stores, with more to come. The news sent the shares of grocers like Kroger , Supervalu Sprouts Farmers Market and even Walmart , the largest U.S. grocer, and Target , down on fears of an intensification of the price wars among the food retailers and that fact that Amazon will instantly have 450 new physical locations. In addition, Amazon and Whole Foods Market technology teams will begin to integrate Amazon Prime into the Whole Foods Market point-of-sale system, and when this work is complete, Prime members will receive special saving...