In purchasing Whole Foods Market, Amazon became a major player in the grocery store channel, and also forced established retailers to go more boldly into the digital space. HomeWorld’s Supermarket Report looks at Amazon’s Whole Foods initiatives, online trends in the grocery channel and how technology is playing a key role.
Amazon.com will offer its Prime members special savings at all Whole Foods Market and Whole Foods Market 365 stores nationwide beginning on June 27.
In a letter to shareholders, Jeff Bezos, Amazon.com CEO, detailed highlights of the 2017 fiscal year, and revealed that the company has exceeded 100 million paid Prime memberships worldwide just 13 years after the program’s launch.
According to location data from 50 million consumers in the U.S., average monthly foot traffic at Whole Foods has increased by 1.3% since the Amazon acquisition news broke in June versus the comparable period earlier, digital advertising firm inMarket reported.
Amazon and Whole Foods Market have introduced free two-hour delivery of groceries from Whole Foods Market through Prime Now, with plans to expand across the U.S. in 2018.
In a third quarter conference call, Brian Olsavsky, Amazon.com svp/CFO, noted that the company would develop new retail-related enterprises that will help it build on brick-and-mortar initiatives such as the purchase of Whole Foods Market, the expansion of Amazon Books, the partnership with Kohl’s and the roll out of the Amazon Key in-home delivery service.
Whole Foods Market said it has investigated and resolved a security incident previously announced on September 28, involving unauthorized access of payment card information used at certain venues such as tap rooms and full table-service restaurants located within some stores.
As the retail world continues to digest Amazon’s move to acquire Whole Foods, the first inkling of what the deal could mean for the upscale grocer was offered by its CEO, John Mackey.
Millennials who work in the world of retail have low job satisfaction, according to a recent report published by Forbes…
Laura Alber, president and chief executive officer of Williams-Sonoma, and Glenda Flanagan, evp/chief financial officer of Whole Foods Market, have…
Whole Foods is launching a value-focused brand called 365 by Whole Foods Market. Slated to begin opening in 2016, the…