Amazon bought Whole Foods yesterday. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete.
“If I was the Federal Reserve, I would have a meeting on this. Inflation is going to go down…. You have to rethink food … Costco knows how to compete. It will be in there tooth and nail with toilet paper and paper towels. … But Kroger, a crisis in Cincinnati, crisis.”
“Major Disruption of Society”
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
SupplyChain247 reports Amazon’s Move to Purchase Whole Foods Is ‘Disruption of Society’
TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said Amazon’s move to acquire Whole Foods is a disruption of society, “this is what I regard to be a move by Amazon to destroy the margins and own the business of food and groceries in this country,” Cramer said.
With Amazon putting down $13.7 billion to buy Whole Foods, Bezos is sending a powerful message to his retail rivals;
- Food suppliers will now be dealing with an even larger grocery store, meaning potentially pressured profit margins for organic players such as Hain Celestial.
- Amazon officially shows intent to enter bricks-and-mortar retail in a larger way than just bookstores. Combine that with its unmatched digital presence, Walmart, Target and others have been put on notice.
- Grocer stores like Kroger will now be in an even bigger price war.
- Amazon Prime integrated into Whole Foods could hurt Costco over time. Many Costco members are also Prime members.
“What Amazon did to the mall, it will now do to grocery stores,” said Cramer.
Here is a Tweet to think about:
Amazon did not just buy Whole Foods grocery stores. It bought 431 upper-income, prime-location distribution nodes for everything it does.
— Dennis K. Berman (@dkberman) June 16, 2017
Dr. Evil strikes again.
Ho Li Shee Ite
Went to Whole Foods grand opening in February……
….. haven’t been back since!
I notice that Whole Foods has none of its stores in Vermont, West Virginia, or the high plains states, all of which are known for, among other things, being almost entirely white.
Is Whole Foods racist?
Don’t know anything about Whole Foods. What I see is that EBT is accepted at Walmart. My wife said she saw a woman with a cart stacked to the top with groceries. She noted that fruit is priced per each instead of per pound as she expected. $1.50 or an orange, she was alarmed.
This is the sexy mulatta from the barrio in LA. She doesn’t buy anything she doesn’t need. Nothing. OK, shoes, high heels. I have often repeated to her my buddy Tony’s joke that if he bought any heels over $300, his girlfriend could only wear them in bed.
Oye como va.
Iska, she actually went to Garfield High. She quickly dropped out after some cholas tripped her in the lunchroom, her tray kept going on its way but she went out and never returned. She got to see that Whittier Blvd scene as a teen.
Hmmmmm. Maybe Whole Foods IS rayciss. Maybe they just target upscale libtard communities. The West End store in the Richmond ‘burbs was mobbed for the first few months after it opened, mainly because its staff was mostly “minority” hires augmented by sleeve tatted airhead college students who commuted from Carytown (or who seemed to be Carytown denizens) with those weird flesh tunnel ear piercings.
Somehow, it’s a big draw for a store hoping for the upper-middle class libtard trade to have a staff made up entirely of incompetent young snots alongside imported third-worlders and bussed in blacks.
I don’t get it. Amazon and Whole Foods have about as much in common as Salt Lake City and Las Vegas. I don’t see how driving to whole foods and looking at the deli selections is gonna help me find that widget at amazon.com
Zara, Walmart is challenging Amazon. This fight is more for honor than turf. I don’t care, I will order frozen pupusas from whoever carries them. Did you know Kroger carries frozen tamales and pupusas?
Aldis has frozen tamales. This is important since Mexican princesses this side of the border don’t know how to make homemade flour tortillas or tamales.
You have to import a Latina if you want somebody who knows how to cook Mexican food, the ones here don’t know shit, nothing.
I don’t know what the fuck a pupusa is. Tamales have too many carbs. I like those little taqueria tacos.
I would about rather eat dirt from under the fridgerator than to eat a frozen pupusa. Pochas may not be able to make tortillas, but they are still some hot tamales, if you know what I mean.
Ed, your right on the frozen pups but totally wrong on the cholas. There was a cartoon I wish I’d clipped. It had a latina caricature with the subline: Pochahontas, striking fear in the hearts of men.
The glenn close’ character in fatal attraction has got to be a whitewashed chola; obsessive, controlling, demanding and violent.
And they wonder why we prefer domesticated white women.
Didn’t we used to have anti-monopoly laws? What happened to those?
2008 – 2009, the Fed and and nationalism by fiat currency – that is what happened.
I am a Costco member and a Prime member. I will shop Costco, Aldi, and Piggly Wiggly before Whole Foods.
Cramer is full of himself….look here…
https://en.m.wikipedia.org/wiki/List_of_supermarket_chains_in_the_United_States
There are over 19,000 supermarkets owned by the major chains and even more including the minor. Previously mentioned Piggly Wiggly has more stores than Whole Foods who has a little over 400.
Wisconsin, population a little over 5.7 million has 3, count ’em (Madison, east side of Milwaukee, and Wauwatosa) Whole Food stores. People have to eat, and Amazon owning WF isn’t going to change any shopping habits.
Look at that map, the dots pretty much match the location of liberal strong holds. This merger may hurt the local organic co-ops and niche grocery markets more than it hurts the other companies mentioned. Anyone paying attention in the Red States know that Bezos owns the WaPo and will not patronize WF.
It would almost be like Amazon buying Tesla. The headline would be “GM, Ford worried on new Amazon/Tesla merger” – sub headline – “Markets react, car maker’s stock all retreat”.
I think the people in Cincinnati, Bensonville and Seattle are not worried at all.
Thanks for listening.
Hey Honey,
If you are a prime member why did I just pay the full
kindle price for Doug Casey’s (first in series) book?
What else are you keeping from me?
“Cramer is full of himself”
Is that a polite way of saying that Cramer is a turd? He is full of shit, I’ve noticed that.
Walmart and Amazon have been leap frogging wholesalers and putting the squeeze on them for years. They’ve put Americans out of work with their, “hey, we can get it cheaper from China” approach.
This was more about Bezos getting even with WF CEO for his pro-marriage statements, for which he was excoriated, while Bezos gives millions to support same-sex marriage in the state of WA, and he gets a free ride.
His end will be the same as King Herod’s.
Cramer………if he says sell, buy, if he says buy, sell.
So this deal is probably just fine.
“. It will be in there tooth and nail with toilet paper and paper towels. ”
Dang…I hope they don’t get wiped out ! LOL
EC…my best friend in high school’s mom was a Mexican lady who made the best home made tortillas I’ve ever had . That lady could cook ….awesome tamales as well .
Bucky, When my aunt made flour tortillas, she sprinkled them with a bit of flour before cooking them on the griddle. This gave them a special dusty taste when eaten. Still, my mom had a special technique that left them toasted on both sides, she smashed them on the grill with a dry cloth. My granny didn’t approve of that method but we loved them that way. She always made a stack about half a foot high.
Did I tell you about my 5th grade science teacher? I was new to the gringo side of town, she asked what we ate for breakfast. I said, beans and tortillas with coffee (that was on a good day, usually it was a big bowl of oatmeal). She gave me a big fat F on that paper. I soon learned to write only what she wanted to hear. Thus began my journey to assimilation.
EC,
Stupid teacher…you shoulda stuck to your guns/
or told the truth…mostly oatmeal. I’m betting
your tortilla breakfast were leftovers.
BTW, everyone has to tell teach what she wants to hear,
and we are all her pets. At least you spoke English…
that talking/writing to teachers took me awhile.
I didn’t assimilate until college…which I paid for
myself.
Suzanna, Gayle is already TBP Saint, T4 is TBP head nurse and Maggie Is Mom. You’ll just have to be a angel or something.
So Lex Loomis is buying an upscale grocery outlet for hipsters eh? Yawn. Yeah Whole Foods. Overpriced food for Yuppies. Amazon seems to get the blame for The Retail Apocalypse, but who are these Wall Street Vultures trying to kid. Amazon isn’t a huge giant conglomerate with megasales. They are a convenient whipping boy for the downward spiral destroying retail. Did Wal-Mart run out all the Higher End Retailers before? Or did the lack of jobs and crummy wages and invaders from the Third World send more “consumers” to Chinese Discount Mart?
I hear this egotistical baldy is now trying to use EBT at his website. Oh the horror. If you have a convenience store in a low rent area, you might have to worry that some “consumers” buy corn from drones. Yeah if they can wait for delivery and not want it now. This Amazon Retail thing is just a “Hey, squirrel”, to try to blame the huge tidal waves of bankruptcies in the Retail Sector on anything but Free Trade and Invaders from Yuggoth. Yuggoth to see through this crapola. Excuses, lies, damn lies, statistics and “experts”.
TRUST NO ONE.
I think American families could use a little deflation right about now, what with the way real inflation has been going lately.
Says the expatriot. You lost your right to say a damn thing about american families when you left. Don’t you have a roo somewhere that needs his back scratched.
Well i say one thing. Whole foods is at least located where the dichotomy of wealth and poverty intersect.
It will be rather pleasent to see all those EBT card holders hold up the expess lanes with 32 items including escargot and stuffed clam shells.
Escargot should be free, or .25/lb like they used to be.
Are there snail farms?
Dennis K. Berman ✔ @dkberman
Amazon did not just buy Whole Foods grocery stores. It bought 431 upper-income, prime-location distribution nodes for everything it does.
9:08 AM – 16 Jun 2017
15,744 15,744 Retweets 27,460 27,460 likes
Twitter Ads info and privacy
I’m not a Whole Foods person but this guy’s tweet got me curious so I looked up the stores in this area.
They’re all in primo locations,and considering the fact that WFoods is a relatively new chain that caters to an upscale clientle,I’d bet that nearly every store in the chain is in a good location.
As to why they sold,I understand that WFoods is somewhat of an impostor on pure food so they were probably losing their customer base.
I think the reason Whole Paycheck is losing customer base is that their customer base is losing income.
There’s a WF a block away from my house. I go there, and buy vitamins (good selection, some unique), honey at times (when the are competitive) and small pieces of cheese. That’s about it.
A Smith’s (Kroger) gets probably 75% of our food budget, Costco gets 5%, NPS (a salvage store) gets 15% and the rest is random.
WF is still Whole Paycheck to a lot of people, and if you have to pay a chunk for shelter and clothing / utilities, then you just can’t afford to shop at Whole Paycheck. If your wages aren’t going up, your grocery bills can’t either. I think that will eventually kill Whole Paycheck, the way it’s killing lots of specialty retail all over the country.
Amazon To Cut Jobs,Use Cheaper Products To Compete w/Walmart
from Wolfstreet.com
My view: Amazon Fire
Why are people assuming Whole Foods is going to be magic just because Amazon bought them?
Retail is one area where Amazon doesn’t enjoy a huge economy of scale vs its competitors. If Walmart couldn’t do it, Amazon isn’t either.
But it will be amusing to watch them try.