Amazon (AMZN) stormed into the world of food retail Friday with a stunning announcement it will acquire Whole Foods Market (WFM), a move that sent shares of industry mainstays sharply lower as many fear an imminent disruption of the way consumers shop for groceries will continue to pressure margins and potentially upend existing business models. The $475 billion e-commerce giant will snap up the struggling supermarket chain for $42 per share in an all-cash deal valued about $13.7 billion including debt. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue,” said Amazon CEO Jeff Bezos in a statement. Under the deal, Whole Foods will continue to operate stores under its independent brand and the company’s CEO and founder, John Mackey will remain in his position. Mackey said the partnership allows the Austin, Texas-based food retailer to continue efforts to bring high-quality foods to its customers across America. The deal, subject to approval by regulators and Whole Foods shareholders, is expected to close in the second half of this year. News of the acquisition sent Amazon shares up nearly 3%, their biggest gain since January as Whole Foods leaped 27% in their biggest rally since 2009 to $42.35. At the same time, data from Dow Jones showed investors wiped out roughly $55 billion form the market value of other grocery names including Walmart (WMT), Target (TGT), Costco (COST) and Kroger (KR), which cut its full-year earnings guidance on Thursday, extended losses, falling 13% Friday. Whole Foods, largely credited with igniting a large-scale shift in consumer purchasing trends to fresh and sustainably-sourced food offerings, has long been a target of takeover speculation as it continues to face mounting pressure from longtime industry players including Walmart (WMT) and Kroger (KR) as they aggressively move into the fresh and organic food space. In the most recent quarter, Whole Foods booked adjusted earnings of 37 cents a share on revenue of $3.72 billion as sales at stores open at least a year fell 2.8% while transactions declined 3%. aimed at overhauling its purchasing program and category management while also accelerating
Walking into a Whole Foods Market without a shopping plan is like willingly entering a fugue state and re-emerging very confused an hour later and $200 lighter, with a $20 bag of maca powder in one hand and a $6 kombucha in the other. But if you know what to look for, you’ll find it’s possible to shop and save a few bucks in the process. We spoke with Kate Neu, the company’s Global Sales & Supplier Marketing Manager, about six little-known, smart-shopping hacks that will keep your wallet fuller when you come out on the other side (spoiler alert: none of them involve maca powder). 1. Ask to Try Anything (Anything!) Whole Foods has a “try before you buy” policy that you can and should use to your fullest advantage—and it’s not just relegated to the bulk bin aisle. Ask an employee for a sample of just about anything in the store, from a box of cereal to a bottled drink, and they’ll let you try it right in the store. If you’re really lucky and/or persuasive, they might even offer to let you take the full product home.
Whole Foods can mean whole paycheck.. But, some really good pointers here to help minimize that. To see the other 5 tips for saving a little money at Whole Foods, courtesy of the good folks at bon appetit magazine, just click on the text above. 🙂
The Texas pastor who sued Whole Foods in April for allegedly writing a gay slur on a cake he bought withdrew his lawsuit on Monday and apologized to the supermarket chain for perpetrating a hoax, KVUE reported. “The company did nothing wrong,” openly gay pastor Jordan Brown wrote in a Monday statement. “I was wrong to pursue this matter and use the media to perpetuate this story.” Brown said in April that he requested a cake from Whole Foods with the phrase “Love Wins” written on it, but when he received his cake there was a homophobic remark added. Brown made the accusation in an Internet video and launched a lawsuit shortly thereafter. But alert viewers quickly pointed out that the icing style used to write “Love Wins” and the gay slur appeared to differ, and Whole Foods released surveillance video showing the cake being purchased with the UPC code in a different location than Brown’s video, suggesting the cake had been opened and tampered with. “Our bakery team member wrote “Love Wins” at the top of the cake, which was visible to Mr. Brown through the clear portion of the packaging,” Whole Foods said in an April statement. “That’s exactly how the cake was packaged and sold at the store.” The bakery member implicity accused by Brown of writing the slur was a “part of the LGBTQ community,” according to Whole Foods. “I want to apologize to Whole Foods and its team members for questioning the company’s commitment to its values, and especially the baker associate who I understand was put in a terrible position because of my actions,” Brown said in the statement. “I apologize to the LGBT community for diverting attention from real issues. I also want to apologize to my partner, my family, my church family, and my attorney.” Whole Foods filed a countersuit against Brown and hasn’t said if it would drop that action now that Brown has dropped his lawsuit.
Hopefully they don’t. We see this a lot in the “LGBT” community; lies and drama. What this drama queen (and we use that term advisedly here) did damaged the brand of Whole Foods. They need to not only continue with their suit against this piece of garbage, but add to it. I’m thinkin defamation, and on and on.. Go get ’em, Whole Foods!!
Whole Foods is being charged of promoting lazy consumers by selling peeled oranges in not-so-environmentally friendly packaging. Two days ago, an image appeared on Imgur the showcasing peeled oranges sitting individual plastic containers at a Whole Foods location in California, accompanied by the caption, “Are people really that lazy nowadays?” On Thursday morning, Nathalie Gordon retweeted the image, sarcastically noting, “If only nature would find a way to cover these oranges so we didn’t need to waste so much plastic on them.” Her post has been retweeted and liked over 60,000 times. According to Eater, the oranges, or Sumo tangerines, were on sale for $5.99 per pound and came packed with a label proclaiming “Made right here.” A few incensed Twitter users were shocked that a brand like Whole Foods which encourages customers to bring their own shopping bags and be mindful of environmental waste, would promote such a product. Recognizing that some were upset by the image, Whole Foods issued an apology for the peeled oranges and said they will leave them in their “natural packaging.” A spokeswoman from the grocery chain told The Huffington Post that “a lot of our customers love the convenience of our cut produce offerings, but this was a simple case where a handful of stores experimented with a seasonal product spotlight that wasn’t fully thought through. We’re glad some customers pointed it out so we could take a closer look.” But now some people are pointing out that the pre-peeled fruit may actually be a good idea. On Twitter, users noted that the item could be convenient for people unable to peel an orange due to handicap or various medical conditions.
That’s probably a bit of a stretch..
The irony of this is truly awesome, lol! Whole Foods DOES tend to attract the pro-Obama, liberal elitist crowd. But, the owners are anti-union, and anti-Obamacare, etc.; not exactly pro-Obama. Anyway.. I love shopping at Whole Foods. But, haven’t gone there very much as of late because, as a friend once said to me, “Whole Foods equals whole paycheck.” Indeed.. Think I’ll stop by tomorrow and see if there is rabbit at the one near where I live…and see if there are liberal PETA-types protesting out in front of where…they probably shop. 🙂