Wednesday, 28 June, 2017

Whole Foods swoop sends Ocado soaring on hopes of Amazon tie-up

Stocks To Watch For Whole Food shares keep rising, leading to bidding war speculation
Jeannie Matthews | 20 June, 2017, 01:25

Amazon expects to reduce headcount and change inventory to lower prices and make Whole Foods competitive with Wal-Mart Stores and other big-box retailers, according to a person with knowledge of the company's grocery plans. The deal gives Amazon an opportunity to leverage Whole Foods' 460 stores across the USA, United Kingdom and Canada, 87,000 employees and its solid reputation.

Amazon is sinking its teeth deeper on the U.S. market, penetrating the grocery industry scene with its innovative ideas and tech advancement. The upscale grocery chain recently replaced much of its board, added a new CFO and developed plans to slash costs and tweak operations.

"I think retailers are going to have to bring a lot of excitement to the store", said Stew Leonard Jr., CEO of Stew Leonard's, a grocery chain with five locations in CT and NY.

More hubs mean quicker and fresher delivery, which will bolster Amazon's existing grocery delivery service, AmazonFresh.

Mackey has been facing investors' ire because of his strategies that were thought to have resulted in Whole Foods' poor performance. Jana Partners now owns 9 percent of Whole Foods Market. Walmart has been dubbed to be the crowning king of the online food retail business gathering more than one-quarter of the market according to Euromonitor.

Fleury among players exposed for Vegas NHL expansion draft
Louis Blues head coach Mike Yeo looks on as his team plays the Nashville Predators during the third period at Scottrade Center. The 2017 NHL Expansion Draft will take place Wednesday as the Las Vegas Golden Knights begin to fill out their roster.

Using computer vision, sensor fusion, and deep learning, the Amazon Go beta technology can automatically detect when you take something off the shelf and charge it to your Amazon account. Now that it's owned by bargain-friendly Amazon, perhaps the prices at Whole Foods will get a reality check. This was a savvy way to do that and it's expected that Whole Foods stores will be retrofitted to allow shoppers to buy online and pickup at their local store-a solution to the "last mile" expense of home delivery.

Whole Foods was quick to point out, in a statement, that its stores will continue to operate under the Whole Foods Market brand, that its headquarters will remain in Austin, Texas, and that John Mackey will stay on as CEO. Whole Foods will keep operating stores under its name.

The deal is the latest big move for Amazon and its charismatic chief executive Jeff Bezos, who grew Amazon from a small online bookseller in the 1990s into a global retail behemoth that delivers a wide range of goods and creates award-winning entertainment broadcasts. Between the high-end brand that Whole Foods brings to the table and Amazon's mastery of logistics, it may not be long before they both feel the pinch. The chain's high standards for how animals are treated make the higher prices worth it, she said. The grocery business is among the most pedestrian of retail endeavors, and what little profit there is depends largely on fobbing off a lot of the work onto customers.

Retailers such as Dollar General (DG), Dollar Tree (DLTR) and Five Below (FIVE) have been pretty immune to e-commerce pressures to date, thanks largely to their ability to provide rock-bottom prices that an online retailer - even one as efficient as Amazon - is hard-pressed to match.

Even as analysts are working overtime analyzing the implications of Amazon.com, Inc. Wholepeople.com, Whole Foods' e-commerce subsidiary, didn't end well: The company had hoped to take it public, but instead spun it off and took a $500,000 write-down. But a few other things might change eventually, as Amazon seeks to change its new spouse's reputation for pricey products. Why pay for food delivery elsewhere if Amazon is cheaper and easier?

Recommended

  • John Avildsen, Director Of Rocky, Dies At 81

    John Avildsen, Director Of Rocky, Dies At 81

    Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. He received an Oscar nomination in 1983 for his documentary short film Traveling Hopefully .

    Clippers make plans to build arena near Inglewood stadium project

    The old Forum is right next to the Rams stadium project meaning Inglewood would have two state of the art arenas in the same city. The front of the arena is littered with statues honoring great Lakers and Kings players from Magic Johnson to Wayne Gretzky.
    Trump set to roll back Obama policy on Cuba

    Trump set to roll back Obama policy on Cuba

    Republican Senator Marco Rubio, who was played a key role in pushing for Trump's changes, was expected to attend along with U.S. The trips were made easier by the resumption of scheduled commercial air service from the USA for the first time in decades.
  • Saudi Navy Captures Elite Iranian Troops On Seized Boat

    Saudi Navy Captures Elite Iranian Troops On Seized Boat

    The statement came two days after Iran accused Saudi Arabia of shooting and killing one of its fishermen. Tensions between Sunni-led Saudi Arabia and Shiite-dominated Iran are chronic.

    Gunman's Widow Hadn't Spoken With Him Before He left Home

    Contacted by AL.com on Friday, Brooks said he has been told to refer all questions to the Capitol Police for comment. He spewed left-wing talking points on Facebook , consistently railing against Republicans and the wealthy.
    Teams draft local baseball players

    Teams draft local baseball players

    Senior righty Nick Eicholtz , who was drafted in the 13th round a year ago after his junior season, was also undrafted. Wenson was also drafted previous year , in the 39th round and opted to return to school.
  • 1 dead in officer-involved shooting at Magnuson Park

    1 dead in officer-involved shooting at Magnuson Park

    Our historic police reforms, from de-escalation training to civilian-monitored force review, are in place to address such crises. Police are also trying to determine whether the children who were present in the apartment at the time witnessed the shooting.
    Team NZ easily take first race

    Team NZ easily take first race

    Two races are scheduled on both days this weekend, beginning at 14:12 local time (1:12pm ET). Emirates Team New Zealand faces Oracle Team USA in the America's Cup sailing m.
    Mistrial declared in Cosby case

    Mistrial declared in Cosby case

    In Cosby's case, that could have involved the more than 60 other women who have accused him of assaults dating to the 1960s. But prosecutors immediately said they would seek a second trial, which O'Neill suggested could start within four months.
  • World Champions Germany Edge Past Australia

    World Champions Germany Edge Past Australia

    Mesut Ozil has not made the trip to Russian Federation as Germany have named a number of fringe players in their squad. The gulf in quality was clear, and yet the callow Germans discovered the perils of not killing off a game.
    Whole Foods customers react to $13.7 billion Amazon merger

    Whole Foods customers react to $13.7 billion Amazon merger

    Many of them, including local Walmart locations in Springfield, offer curbside pickup, and other stores offer delivery services. Its AmazonFresh delivery service, which has been slow to take off, accounting for 0.8% of all grocery purchases previous year .

    What did Trump change about the Cuba policy?

    Some of those new groups came under intense pressure during detente, particularly after Obama's May 2016 visit to the island. President Donald #trump announced a rollback in Obama-era #Cuba policies at a rally in Little Havana, Miami Friday afternoon.

Russian Federation probe causes tension among top officials at Justice Department Russian Federation  probe causes tension among top officials at Justice Department Rosenstein has been overseeing the Russian Federation probe since shortly after Attorney General Jeff Sessions recused himself. The official demanded anonymity because the official was not authorized to be named discussing the deliberations.

NASA telescope finds 10 more planets that could have life NASA telescope finds 10 more planets that could have life One of Kepler's other big surprises was a profusion of planets intermediate in size between Earth and Neptune. All of Kepler's observations were in a small patch of sky between the constellations of Cygnus and Lyra.

Cosby alternate juror 'probably' would have convicted Cosby alternate juror 'probably' would have convicted Steele, the district attorney for Montgomery County in Pennsylvania, has said he will seek a new trial against Bill Cosby . Both men saw allegations of sexual harassment and lawsuit settlements rise from the past and smash their current careers.

UK leader May strikes tentative deal with N Ireland party UK leader May strikes tentative deal with N Ireland party May had called the election in order to consolidate her mandate to negotiate Britain's exit from the Europe Union. The gamble failed, with the Conservative party losing its strong polling lead over the course of the campaign.

Shot US Congressman Scalise in Need of Additional Surgery The alleged gunman, James Hodgkinson of Belleville, Illinois, died shortly after the incident following a shoot out with police. But Scalise still faces multiple surgeries, a prolonged hospital stay and a lengthy recovery, Sava stressed.

Militants buried in tense Kashmir Authorities have chose to impose restrictions in Srinagar and other sensitive places in the Valley on Saturday. Sources said the Army was checking vehicles in the area and the auto did not stop for checking.

Scalise still in critical condition but improved after second surgery Scalise still in critical condition but improved after second surgery Aguilar plays outfield for the Democratic team; before the shooting, Scalise was slated to play second base for the Republicans. Hodgkinson sprayed rifle fire at Republican congressmen on Wednesday as they practiced for a charity baseball game.

Six police killed in attack on Afghanistan police headquarters Six police killed in attack on Afghanistan police headquarters US Defence Secretary Jim Mattis said on Monday he would present options on Afghanistan to President Donald Trump "very soon". Taliban took responsibility of the incident and said that Afghan soldier who killed USA soldiers belonged to Taliban group.

Back-to-back 68s lift Aditi to 14th on LPGA Back-to-back 68s lift Aditi to 14th on LPGA Moriya, the sister of world No. 1 Ariya Jutanugarn , is alone in fifth at nine-under 133, three shots back of Henderson. Henderson birdied Nos. 12 and 13 and closed with five pars. "My irons were really good", the South African player said.

McIlroy hits back after accused of being 'bored' by Elkington McIlroy hits back after accused of being 'bored' by Elkington Rory McIlroy has hit back at criticism of his US Open performance after he was accused of being "bored" of playing golf . This caused Steve Elkington, who won the 1995 PGA Championship , to make the following comment on Twitter.

Gareth Bale savours Real Madrid's Champions League final win in Cardiff Gareth Bale savours Real Madrid's Champions League final win in Cardiff They came away as losers for the seventh time in nine European Cup finals having also lost to Barcelona in 2015. Juventus equalised in the 27th minute with a volley by Mandzukic .

Russian Federation defeats New Zealand at 1st Match of FIFA Confederations Cup Russian Federation  defeats New Zealand at 1st Match of FIFA Confederations Cup The goal was initially awarded to Denis Glushakov before it was ruled as an own goal upon review. Still, the Russians secured the three points they needed to.

Sen. Kamala Harris: "When we use our voices, we've got the power". Sen. Kamala Harris: Over on CBS' Late Show , Stephen Colbert brought up Miller's treatment of Harris in his monologue about Sessions' testimony. Bila fired back and noted that all of the women around the table of " The View " interrupt one another constantly.

OpenIV 'Grand Theft Auto' modding tool shut down by Take-Two Interactive OpenIV 'Grand Theft Auto' modding tool shut down by Take-Two Interactive The reaction from the gaming community was as swift as it was one-sided in its near universal condemnation of the takedown. Given the extreme backlash, whatever harm was caused to gamers themselves by the modding tool must be minimal at worst.

Mike Pence hires outside counsel to deal with Russia-probe inquiries Mike Pence hires outside counsel to deal with Russia-probe inquiries He dismissed as "phony" the idea that his campaign colluded with any Russian effort to sway the 2016 election . But he did not hire a counsel during the investigation and subsequent impeachment of President Bill Clinton.