Amazon shook up the retail sector with the announcement on June 16, 2017, it would acquire upscale U.S. grocer Whole Foods Market, known for its pricey organic options, in a deal that underscores the online giant's growing influence in the economy.
SAN FRANCISCO – Amazon is introducing free, two-hour delivery from Whole Foods stores to its Prime members in neighborhoods of Austin, Cincinnati, Dallas and Virginia Beach, Va. beginning Thursday.
The announcement is the latest in Amazon's integration of the Whole Foods Market chain of high end organic supermarkets, which it bought in June for $13.7 billion.
The initially small foray into same day delivery is just the beginning of what Moody's lead retail analyst Charlie O'Shea calls "unlocking" of the real value of the Whole Foods acquisition.
Amazon lowered prices on some items at the 457 Whole Foods stores in the United States after the deal closed.
Whole Foods stores have had trouble with empty shelves of late, a problem related to an inventory management system introduced before the purchase.
Butchers formed the Amazon logo out of ground beef, which got a new, lower price, at the Whole Foods Market in the Playa Vista section of Los Angeles on Sept. 25, 2017.
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