The Prince and Princess underline Spain’s economic potential.
The giant Amazon has announced the acquisition of Whole Foods for 42 dollars per share, which means valuing the supermarket chain for 13,700 million dollars (12,260 million euros), including debt.
In a statement, Amazon’s founder and CEO, Jeff Bezos, explained that “millions of people love Whole Foods supermarkets because they offer the best natural and organic foods, and make it fun to eat healthy”.
This transaction, “represents an opportunity to maximize Whole Foods shareholder value, while expanding the mission and bringing the highest quality, experience, convenience and innovation to the chain’s grocery customers,” explained Whole Foods co-founder John Mackey.
The closing of the acquisition transaction is still subject to approval by Whole Foods shareholders as well as market regulators. The purchase is expected to close during the second half of 2017.
Amazon acquires whole foods
The retail sector in general is very competitive, so participants must come up with marketing strategies that appeal to consumers and Whole Foods Market, a U.S. retailer decided to surprise its customers by delivering a very special product, but never imagined it would cause controversy.
The retail sector in general is very competitive, so participants must devise marketing strategies that appeal to consumers and Whole Foods Market, a U.S. retailer decided to surprise its customers to deliver a very special product, but never imagined it would cause controversy.
Last week, a customer of the store decided to take a picture of some very particular tangerines that were sold inside the supermarket, as they were packaged already peeled, which caused “outrage” among users of social networks, as they argued that they should better save on wasting plastic and not peeling the fruit.
Even the #orangegate arose as a response to such a “creative” initiative, so Whole Foods Market decided to clarify the reason for its initiative and decided to join the up to, but the result remained the same: negative.
Whole foods mexico
Employees acknowledge that the amount of food in storage rooms is deteriorating, but describe OTS as a “militaristic” system that crushes morale and causes many items to go out of stock.
Many customers blame Amazon , which bought Whole Foods in August for $13.7 billion. Analysts have speculated that the shortages could be due to an increase in shopper traffic in the wake of the acquisition .
“At my store, we are consistently running out of product in all departments, including mine,” an assistant manager in Whole Foods’ Illinois department told Business Insider. “Regional and upper store management know about this. We all know we’re losing sales and upsetting customers. It’s not that we don’t care, we do. But our hands are tied.”
OTS operates under a strict set of requirements, mandated by Whole Foods’ Austin corporate office, for buying, stocking and displaying products on store shelves, employees said.
More and more Spanish families do not even have enough to eat
Empty shelves, out-of-stock staples, angry customers, frustrated employees… This is the reality experienced by the U.S. supermarket chain Whole Foods, whose stores have been suffering from food shortages for several weeks. “Last week we ran out of onions and potatoes twice,” an employee of a Whole Foods store in Brooklyn tells Business Insider.
Many were the customers who initially blamed Amazon, which bought Whole Foods in August for $13.7 billion, for the shortage by speculating that the shortages could be due to increased shopper traffic in the wake of the acquisition.
However, employees themselves claim that the problem predates the purchase and is actually caused by the new management system which they have described as “militaristic”. This new inventory system, recently implemented and called Order-to-shelf (OTS), is a strictly controlled method of automated technology that allows products to be transported directly from delivery trucks to the shelves, so that stores do not need internal storage. Something, which for Whole Foods’ own employees, is creating storage problems throughout the store.