Goldman Sachs, mocked by prospective client Whole Foods, ended up advising Amazon

Online shopping has been taking over the retail sector for some time, but the recent announcement that online shopping giant Amazon has bought USA specialty grocery store Whole Foods still came as a shock.

Amazon plans to keep the natural grocer's high standards, Whole Foods Chief Executive John Mackey said, adding, "They're not stupid enough to go change that".

When Amazon bought the upscale grocery chain Whole Foods for $13.7 billion, it immediately set off speculation about the changing nature of shopping. The company has over 4,000 stores compared to around 400 for Amazon, and that's a big advantage if Walmart can move quickly and take advantage of the "last mile" and getting those products from the store to consumers' homes. It has four "365 by Whole Foods Market" stores that are cheaper to build and operate than a traditional location and offer lower-priced items aimed at younger shoppers.

Ford to invest $900 million in Kentucky plant, add 1000 jobs
According to Automotive News , "the automaker will start making the next-generation Focus in China from the second half of 2019". The company had planned to move USA production to Mexico and was building a new, $1.6bn factory near San Luis Potosi.

Concerned Whole Foods shareholders who would like more information about their rights and potential remedies, including those who believe that the proposed transaction is unfair as to price or terms, may contact attorneys Amber Eck or Kathleen Herkenhoff at 619-342-8000, ambere@haelaw.com or kathleenh@haelaw.com. To remain competitive with Wal-Mart (WMT) and Kroger (KR), Amazon (AMZN) will have to slash Whole Food's (WFM) sky-high prices, leaving local business owners in the dust.

"We're gonna evolve", Mackey said.

"I think we're going to get a lot of those innovations in our stores", he said. (LAUGHTER) And I said, "I know".

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Amazon now has a grocery delivery service called Amazon Fresh, available in about 20 cities in the US, but it struggled to make enough headway in becoming America's grocer.

Milstein Properties' Michael Milstein, whose company has Whole Foods as a tenant at 1551 Third Avenue, said he sees three likely motivations for Amazon's deal, with the company possibly looking to implement one or some combination of the three.

"Amazon already sells some private label groceries online", says IBISWorld's Hurley. Amazon spokesman Drew Herdener says the company has no plans to use such sensors to automate the cashier jobs at Whole Foods.

NASA Discovers 10 New Potentially Habitable Earth-Like Planets
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Amazon shares also rose as Wall Street analysts lauded the proposed $42-per-share deal and bet that the company would prevail in any bidding battle. In his note, Turner also suggested more far-fetched integrations are possible, such as Dash reordering buttons for users' favorite restaurants. "This is not a Tinder relationship.I got a feeling I'm off script". "The company didn't say which banner, Whole Foods Market or 365 by Whole Foods, would lead that growth", Michelle Grant, head of retailing at Euromonitor, wrote to Retail Dive in an email.

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