Amazon to buy Whole Foods for $13.7 billion

Shopper Earlene Garvey had a carload of groceries Friday from Whole Foods but said nothing is easier than having groceries delivered from Amazon's service AmazonFresh.

And, with the recent news that Amazon is buying Whole Foods in a $13.4 billion deal, it turns out, I might not have to be so anxious. Whole Foods co-founder John Mackey will remain Whole Foods' chief executive. Amazon ranks number two on this list, whereas Whole Foods Market ranks number 28. "Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an unbelievable job and we want that to continue".

After the Whole Foods announcement, stock prices for Wal-Mart, Target and Costco sank.

Clint Davis covers entertainment and trending news topics for the Scripps National Desk. Amazon also offers grocery shipments elsewhere, but that's tough with perishable foods.

FILE - In this March 26, 2005 file photo, a shopper at the Greenmarket at Union Square walks through the market carrying a bag of groceries from the newly opened Whole Foods grocery store on the other side of the square in NY.

Will we see Amazon Go, the line-avoiding service that lets you buy your groceries by walking out of the store without actually physically scanning each product like every store makes you do? While it's true that many companies Amazon has acquired have continued to operate independently, it's hard not to wonder whether we'll start seeing Kindles and Amazon Echos popping up at Whole Foods. PCC also has offered delivery through Internet-based delivery service Instacart since November 2015. Additionally, customers can drop off other Amazon items that they're returning.

Major U.S. indexes are slightly lower in early trading on Wall Street, but grocery stores and other retailers are plunging after Amazon said it would buy Whole Foods Market. And while that may not end up being the threat from the Whole Foods acquisition, it's possible Amazon will end up using the retail locations for another goal, like launching drones, or as hubs for its own delivery service.

The transaction is expected to close in the second half of 2017 following regulatory approvals and a Whole Foods shareholder vote. With sales falling, Whole Foods replaces almost half its board members Why do snack companies always change their packaging?

The move weighed on Canadian grocery retailers as shares of Loblaw (TSX:L), Empire (TSX:EMP.A), Metro (TSX:MRU) and George Weston (TSX:WN) all lost ground.

The almost $14 billion deal is the largest purchase in Amazon's history.

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