British Expats
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British Expats (https://britishexpats.com/forum/)
-   The Trailer Park (https://britishexpats.com/forum/trailer-park-96/)
-   -   Amazon news (https://britishexpats.com/forum/trailer-park-96/amazon-news-898144/)

Pulaski Jun 16th 2017 1:21 am
Amazon news
 
I thought about putting this in the WTF thread ..... Amazon is going to buy Wholefoods. :blink:

I read just a week or two ago an article discussing the likelihood of Amazon buying a brick-and-mortar retailer, perhaps one of the troubled department stores such as Sears or JC Penny (which the article totally disconted) or one of the national "dollar" chains, which would give Amazon a great platform for nationwide "deliver to store" service, not to mention warehouses and a large fleet of trucks to expand their own in-house shipping. Wholepaycheck was not mentioned in the article. It might be significant that the Wholefoods deal is a tiny percentage of Amazon's value - less than 3%.

scrubbedexpat099 Jun 16th 2017 1:41 am
Re: Amazon news
 
Not an obvious tie in.

chawkins99 Jun 16th 2017 2:07 am
Re: Amazon news
 
Originally Posted by Pulaski (Post 12274354)
I thought about putting this in the WTF thread ..... Amazon is going to buy Wholefoods. :blink:

I read just a week or two ago an article discussing the likelihood of Amazon buying a brick-and-mortar retailer, perhaps one of the troubled department stores such as Sears or JC Penny (which the article totally disconted) or one of the national "dollar" chains, which would give Amazon a great platform for nationwide "deliver to store" service, not to mention warehouses and a large fleet of trucks to expand their own in-house shipping. Wholepaycheck was not mentioned in the article. It might be significant that the Wholefoods deal is a tiny percentage of Amazon's value - less than 3%.
According to this report Amazon stock rose by 2.6% so a free acquisition (nearly).

Pulaski Jun 16th 2017 2:14 am
Re: Amazon news
 
Originally Posted by chawkins99 (Post 12274395)
According to this report Amazon stock rose by 2.6% so a free acquisition (nearly).
That's weird too - in most cases when an acquisition is announced, the buyer's stock price goes down. :confused:

Nutek Jun 16th 2017 3:06 am
Re: Amazon news
 
Seems like a reasonable fit to me. Amazon have been trying to get into groceries for quite some time. This might give them the infrastructure to actually do it.

Lion in Winter Jun 16th 2017 3:09 am
Re: Amazon news
 
Originally Posted by Nutek (Post 12274429)
Seems like a reasonable fit to me. Amazon have been trying to get into groceries for quite some time. This might give them the infrastructure to actually do it.
They are in groceries aren't they? I order stuff from them all the time, although not the "fresh" stuff.

I do hope it doesn't mean Whole Foods prices though.

Pulaski Jun 16th 2017 3:15 am
Re: Amazon news
 
Originally Posted by Nutek (Post 12274429)
Seems like a reasonable fit to me. Amazon have been trying to get into groceries for quite some time. This might give them the infrastructure to actually do it.
But Wholefoods is a niche player with limited footprint, and relatively limited infrastructure. By contrast Kroger has a market cap today of less than twice that of Wholefoods, but with hundreds of stores from coast to coast and in many more cities than Wholefoods.

Nutek Jun 16th 2017 3:24 am
Re: Amazon news
 
Originally Posted by Lion in Winter (Post 12274430)
They are in groceries aren't they? I order stuff from them all the time, although not the "fresh" stuff.

I do hope it doesn't mean Whole Foods prices though.
Only in a dozen or so cities I think. Their distribution centers are a limitation.

Originally Posted by Pulaski (Post 12274437)
But Wholefoods is a niche player with limited footprint, and relatively limited infrastructure. By contrast Kroger has a market cap today of less than twice that of Wholefoods, but with hundreds of stores from coast to coast and in many more cities than Wholefoods.
Their (perceived) customer base look exactly how I would think Amazon want their customers to be. Slightly upmarket and "organic". Whatever that means.

Certainly seems to have rattled share prices in the industry.

Pulaski Jun 16th 2017 3:28 am
Re: Amazon news
 
Originally Posted by Nutek (Post 12274446)
.... Their (perceived) customer base look exactly how I would think Amazon want their customers to be. .....
More money than sense? :unsure:

Nutek Jun 16th 2017 3:30 am
Re: Amazon news
 
Originally Posted by Pulaski (Post 12274452)
More money than sense? :unsure:
In some ways maybe.

Lion in Winter Jun 16th 2017 3:31 am
Re: Amazon news
 
Originally Posted by Nutek (Post 12274446)
Only in a dozen or so cities I think. Their distribution centers are a limitation.



Their (perceived) customer base look exactly how I would think Amazon want their customers to be. Slightly upmarket and "organic". Whatever that means.

Certainly seems to have rattled share prices in the industry.
I use the "prime pantry" which carries things that I need like laundry supplies, cat food, cat litter, and certain shelf/dry goods that the family consumes, and often has options at very good prices. We do most of our shopping at Trader Joe which is good for many things but woefully deficient in others, and this way I can get those other things delivered and avoid the time and expense of driving around to several other shops. I also have a card on that account that gives me 5% back on all purchases.

Nutek Jun 16th 2017 3:39 am
Re: Amazon news
 
Originally Posted by Lion in Winter (Post 12274456)
I use the "prime pantry" which carries things that I need like laundry supplies, cat food, cat litter, and certain shelf/dry goods that the family consumes, and often has options at very good prices. We do most of our shopping at Trader Joe which is good for many things but woefully deficient in others, and this way I can get those other things delivered and avoid the time and expense of driving around to several other shops. I also have a card on that account that gives me 5% back on all purchases.
Everything I buy comes from Amazon. Ditto on the card.

Smartyy Jun 16th 2017 6:04 am
Re: Amazon news
 
Originally Posted by Lion in Winter (Post 12274456)
I use the "prime pantry" which carries things that I need like laundry supplies, cat food, cat litter, and certain shelf/dry goods that the family consumes, and often has options at very good prices. We do most of our shopping at Trader Joe which is good for many things but woefully deficient in others, and this way I can get those other things delivered and avoid the time and expense of driving around to several other shops. I also have a card on that account that gives me 5% back on all purchases.
:goodpost: I didn't even know this existed.

I'll have to check it out. Could save us some money.

FlaviusAetius Jun 16th 2017 2:03 pm
Re: Amazon news
 
Originally Posted by Nutek (Post 12274446)

Slightly upmarket and "organic". Whatever that means.
"Organic?" Also not sure, but I'm always concerned when my wife brings home inorganic lettuce, milk and bread. Has that hard, stony, metalic, gritty mouth feel.

petitefrancaise Jun 16th 2017 3:43 pm
Re: Amazon news
 
:cry_smile:

Very mixed feelings in Austin.. hope they keep the HQ here.


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