The fallout from Amazon.com Inc.’s agreement to acquire Whole Foods Market Inc. is just beginning. But the implications are already clear: This transaction, if completed, will shake up the mass retailing community as nothing has done in years, if not decades. Parallels do not come readily to mind. Walgreen Co.’s merger with Alliance Boots GmbH
SEATTLE — Amazon.com Inc. said Tuesday that its Prime Day sale was on track to be the biggest shopping event in its history by sales. Third-party sellers sold over 50% more items on the site by noon local time than in the same time frame last year, Amazon said in a statement. The sales event, aimed
MINNEAPOLIS — Target Corp. is testing a household essentials delivery service that is said to have cheaper shipping and shorter delivery times than those available to Amazon.com Inc.’s Prime Pantry customers. The service, called Target Restock, launched late last month as a pilot in the Minneapolis/St. Paul area for the retailer’s RedCard holders. Target said
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said this month. Whole Foods cofounder and chief
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said today. Whole Foods cofounder and chief executive
SEATTLE — Amazon.com Inc. continues to experiment with physical stores to supplement its extensive online retailing presence. The e-tailer last month opened two Seattle grocery pickup sites — previously being “beta tested” and accessible only to Amazon employees — to the public. Amazon Prime members can now buy groceries online and opt to pick them
SEATTLE — Amazon.com Inc. continues to dabble with physical stores to complement its extensive online retailing presence. The company on Thursday opened two Seattle grocery pickup sites — previously being “beta tested” and available for use only to Amazon employees — to members of the public. Amazon Prime members can now buy groceries online and
SEATTLE — Recent moves by Amazon.com Inc. make it clear that the world’s e-commerce behemoth is continuing to ratchet up the pressure on traditional retail. Most recently, Amazon has invited major consumer packaged goods manufacturers, including General Mills Inc. and Mondelez International Inc., to a three-day gathering at its headquarters here in May, according to
SEATTLE — Amazon.com Inc. has opened two grocery pickup outlets in its home market, where it will allow company employees to test drive the service before it becomes available to the public. Operating under the AmazonFresh Pickup banner, the locations are designed to allow consumers to order groceries online, choose a time to pick them
BENTONVILLE, Ark. — Stepping up its battle against Amazon.com Inc., Walmart is piloting an “endless” toy aisle in selected Texas stores. The retailer has deployed touchscreens in toy departments to link shoppers to all inventory. Products that are not in stores can be ordered online. “We’re testing how to interact with the customer differently, understanding
NEW YORK — Walmart plans to streamline its buying process so that the same merchants can purchase products for the retailer’s stores and its web site, according to published reports. The move should help Walmart leverage its considerable buying power to make its online offering more compelling to consumers. The new approach will mean that
SEATTLE — Net income for Amazon.com Inc. nearly quadrupled during fiscal 2016, aided by 27%-plus growth in total sales, sharply lower non-operating expenses and a dramatically lower effective income tax rate. Earnings for the year and the fourth quarter exceeded Wall Street’s hopes, but sales fell short of analysts’ projections. Net profit for the year