At a town hall meeting, according to a transcript filed with the Securities and Exchange Commission, Mackey told employees the company may create other formats that fall outside of Whole Foods standards. Chief Executive Officer John Mackey, who agreed to sell the company to Amazon.com Inc. last week, said he was first set up with the e-commerce giant on a "blind date" about six weeks ago and fell in love after conversing for hours. The reports of Amazon's massive purchase of the upscale grocery store chain seemed to come out of nowhere, but perhaps the acquisition is not as surprising as originally thought. But like an old traditional marriage, where there are all kinds of rules and chaperones, we can't consummate the marriage, (LAUGHTER) until we're actually officially hooked up. The company spent over four years planning the cashier-less market and despite a few technical difficulties, an 1,800 square foot prototype is now open to Amazon employees in downtown Seattle. "It really is, for all of you 'cause you not only have opportunities to grow at Whole Foods Market". "They're at the forefront of technology", he said of Amazon, noting, "I think we're gonna get a lot of those innovations in our stores". I think we could've talked for 10 hours.
Online grocery delivery can be notoriously hard, especially when it comes to the timely delivery of perishable goods, so here are five ways the purchase of Whole Foods will give Amazon an edge in this fight. "This is not a Tinder relationship.I got a feeling I'm off script".
In his address, Mackey hinted at his answer to one of the big questions hanging over the Amazon-Whole Foods merger.
"From that, and depending on what they learn, we could see a strategy emerge in other realms, for example food manufacturing", she says. "There was a sense that that was changing, and now [Amazon] is right in the middle of the industry if this deal goes through".
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Turner noted that Whole Foods has large store footprints in most of GrubHub's key geographies, including California, Massachusetts, Illinois and NY. "This would be the way that Amazon and Whole Foods expands into the mid-to-low income shopper households". More than 60 percent of Whole Foods shoppers are subscribers to Amazon Prime, and more than a quarter of Whole Foods customers already buy groceries on Amazon, according to the consumer research firm Magid.
Culpepper, who owns Kroger Co shares, said Kroger is the company that would be most likely improve Whole Foods' efficiency, but that it would have difficulty matching Amazon's cash offer.
"Amazon is known to scale experiments very quickly".
One change coming after the Whole Foods deal closes, says Citigroup, will involve private label offerings.
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