Thursday, September 14, 2017
Amazon.com’s $13.7-billion acquisition of Whole Foods is paying off in more ways than one: the e-commerce giant is seeing a surge in online grocery shopping for basic staples like canned beans and tomato paste, according to a Bloomberg report.
Amazon immediately put about 2,000 items on its site from the Whole Foods 365 Everyday Value brand and sold out of almost all of the most-popular items. Most impressive was the speed at which Amazon began selling Whole Foods products online, analysts said. Such an integration would have taken several months in a brick-and-mortar chain.