Austin, TX – Whole Foods Market reported record quarterly sales of $3.7 billion on Wednesday, and while comparable store sales decreased by 1.9%, that is an upward trend. Net income for the third quarter ending on July 2 was $106 million. On June 16, Amazon and Whole Foods Market announced...
I got an inside window to the state of school lunch earlier this year while spending time with Kindergarten and first grade students in an economically and culturally diverse community just outside New York City. Wearing my anthropologist researcher’s hat, I studied what came in and what went out. School...
Washington, D.C. — Rep. David Cillicine (D-R.I.), the top Democrat on the House subcommittee on regulatory reform, commercial and antitrust law wrote a letter to the House Judiciary Committee and the subcommittee chairman requesting an oversight hearing on Amazon’s $13.7 billion acquisition of Whole Foods Market. Cillicine voiced concern about...
Austin, TX -- A Whole Foods Market shareholder is seeking to block the $13.7 billion acquisition by Amazon through a federal lawsuit filed Thursday claiming the deal undervalues the grocer and did not disclose key information, reports 512tech.com Shareholder Robert Riegel filed the lawsuit in U.S. District Court for the...
Does Amazon care what it sells? Does Whole Foods Markets care what it sells? The opposing answers to these two questions—“No” and “Yes” respectively—are at the heart of the problem Amazon CEO, Jeff Bezos, now hopes to solve. Put another way, can Bezos make fresh, organic, free-range filet mignon behave...
One of the world’s leading online retailers, Amazon can now expand their reach with its purchase of Whole Foods Market for $13.7 billion. Many now wonder if this will possibly speed up a merging of the grocery and e-commerce industry. Amazon already has some experience in electronic grocery. AmazonFresh delivers...
Amazon.com Inc. continues its push into bricks-and-mortar retail and will acquire Whole Foods Market Inc. in a $13.7 billion deal, the company announced on Friday. Amazon will pay $42 a share in cash for the organic-food chain, the companies said on Friday. John Mackey, Whole Foods’ co-founder and chief executive officer,...
New York, NY — On Wednesday, Whole Foods Market hired five new directors after having switched to a new company-wide operational plan. According to Reuters, Jana Partners, an activist hedge fund that owns 8.3 percent of the company, is concerned about the lack of grocery experience among these new board...
Austin, TX — Whole Foods Market will be focusing on current store growth in their new quarter instead of opening the recently forecasted 1,200 new stores across the U.S. The retailer has experienced low same-store sales in the last six quarters, and they’ll close down nine stores up until April...
Austin, TX — Whole Foods Market, based here, is changing its leadership structure. The upscale grocer has named John Mackey, its founder, as sole CEO, ending a six-year arrangement where he shared the helm with longtime Whole Foods Market executive Walter Robb. This news comes after the company reported a...
