What’s the next big thing happening?! I’ve heard rumblings of a vote happening today from all rps and that something will be happening in late June that will drive a lot of traffic (not prime discounts, something bigger)
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Lol the lawyers and accountants involved in the acquisition have far greater knowledge of WFM than any of you could ever hope to gain. All of your comments are based on anecdotal evidence at best.
Amazon will be just fine with their purchase.
No, 470 stores is NOT a platform to deliver to the nation. It's not even a start. If all they wanted was a place to serve as a pickup and delivery hub then Dollar General or Family Dollar would have worked or they could have rolled out their own. No one is saying "Amazon will fail" dumba$$. People are saying that Amazon PAID TOO MUCH -- way too much -- for a far-flung, indebted, poorly organized, mismanaged, inept retailer that is getting its a$$ kicked.
470 stores is a reasonable amount to give them a fairly nice spread of stores. This is only the start if you people think amazon will fail you are fools.
This company doesn't have locations all across America. And the locations that exist are too small to serve as distribution points for a company on the scale of Amazon. That's why everything has been about marketing and not FIXING THE MESS!
Gave them national locations all across America. Everyone uses amazon how could it not go well for them?
The acquisition was a huge misstep. We're talking about $13.6 billion for a brand name, and a damaged one at that, with a horribly misconfigured and mismanaged operation that rents the overwhelming majority of its locations and is losing market share. Bezos was hypnotized by the track lighting and had a few too many drinks at the wine venue. If things are so great, why isn't Amazon breaking out the performance of this subsidiary on its balance sheet? Sales might have rebounded but what about profits? We're talking about $13.6 billion freakin' dollars. Please explain why that wouldn't have been better spent creating and growing "Amazon Natural Foods Market" with locations, technology and logistics all custom-built to match Amazon's current and future needs? This thing, by contrast, is a white elephant.
cashiers will be a thing of the past!
We see Amazon as transforming Whole Foods, via an iterative process," wrote Tom Forte, an analyst at DA Davidson, in a report in April. "In the future, we believe it will implement its Amazon Go technology at its stores, which enables consumers to purchase products without seeing a cashier." Forte has a "buy" rating on the stock.
If you think this acquisition was a mistake you are way off.
None of this matters if the information, inventory, purchasing, replenishment, receiving footprint and accounting systems are a complete mess. Aren't they? And let's face it, at most locations there is NO ROOM in the back of the house for any kind of grand last-mile delivery hub program. All the press releases, marketing, track lighting, fancy end caps, signage, promotions and other brilliant initiatives appear to be just a distraction. IMO this acquisition remains one of Amazon's biggest missteps and it will continue to be a millstone for many years. I have no doubt that Bezos is trying to figure out some way to extricate the company from this. In the end his best bet might be to shut down 90% of it and then re-imagine the company as a brand of small footprint, urban high-end prepared foods shops backed with local warehousing for deliveries and a brand sold through Amazon and at select other retailers such as Costco and other grocers. Kind of a Wild Oats for the next generation where they had stores but also sold their brand name goods through other outlets. This story doesn't end well.
Reading that article what will become of the smaller WFM stores that aren't large enough for their needs there are a lot of them in the NA region?
Recent articles suggest Amazon is planning on using WFM for food delivery hubs. This was posted a few days ago.
http://fortune.com/longform/amazon-groceries-fortune-500/
What I really don't get is that stores generally have little or no space for anything new. Many stores have tiny back rooms, small walk-ins, and single loading docks that are difficult to get to. Our stores' footprints vary so much that we cannot implement anything across the board. I really wonder why Amazon didn't buy a traditional grocery chain with cookie cutter build stores.
Primenow on a large scale?..who knows..I am assuming i will be expected to get more done in my same shifts though.
We are having a meeting on Sunday the 29th. Does anyone know what amazon has planned next? Maybe matching outfits with the prime logo???
Well whatever it is it won’t be anything good for TM.