Costco now fights a war on two fronts - against old foes Walmart and Sam's Club, but also against Amazon, now armed with Whole Foods
Source: Atomic Taco via Flickr |
At least for the time being, Whole Foods’ retail stores will continue to operate under the same brand name, there won’t be any immediately noticeable differences for shoppers, and there are no plans to lay off Whole Foods workers, either.
But once the deal is complete and WFM is wholly in the Amazon fold, quite a bit is expected to change — and not just on the grocery front.
Whole Foods has struggled for quite some time with increasing same-store sales and boosting short-term profits. With Amazon’s plethora of resources behind it, WFM management should be able to more effectively work toward lifting sales figures. Additionally, AMZN is in the perfect position to use its influence and global logistics network to reduce in-store costs for consumers.
There’s a reason grocers hit the floor on Friday.