While the company retained many of its brick-and-mortar stores, it was also able to sell much of its produce online by way of AmazonFresh.Īs of 2019, there are several ways for Amazon users to take advantage of Amazon's acquisition of Whole Foods-Prime users in particular. Indeed, the buyout allowed Whole Foods to get back on its feet and provide fresh groceries via online orders. The previous year, they were declining 2.5 percent. In 2017, before it was bought out by Amazon, same-store sales were declining 1.5 percent, according to regulatory filings.
Value Find consistently low prices on your favorite brands. We offer low prices on everyday favorites, plus same-day delivery and pickup in select locations for Prime members. Whole Foods was struggling at the time, and its challenges were evident in its finances. Amazon Fresh is an online and physical grocery store. The buyout actually came as a blessing in disguise for Whole Foods. However, in mid-2017, Amazon, in an attempt to expand their market share and delve into the grocery sector, purchased Whole Foods for $13.7 billion. Prior to two years ago, the two companies were independently owned and operated. But, before we get into how the app works, let's learn a little bit about the history between Amazon and Whole Foods.
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