Amazon is going to eat the grocery industry

News broke last week of Amazon’s plans to acquire supermarket chain Whole Foods for a reported $13.7 billion. The purchase of the Austin-based grocer’s more than 450 stores marks Amazon’s most ambitious step into the brick and mortar retail space, giving them immediate access to a large network of physical locations.  

While Amazon’s Prime Now offering has already begun shaking the U.S. retail industry, their physical presence has been largely limited, having only recently experimented with bookstores and a small grocery location. For Amazon to make significant inroads into the grocery industry, they’ve always needed to diversify their online approach and increase their footprint in traditional retail locations.   Read more...

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