3 ms·
> a potential boon to many While I believe the right decision will eventually be made, I'm not quite sure that positive language really holds up to scrutiny. W
by tinalumfoil 9y ago
> a potential boon to many
While I believe the right decision will eventually be made, I'm not quite sure that positive language really holds up to scrutiny. Whole Foods fits a niche in selling a particular type of food, and shoppers are willing to pay a high premium for that food. With the exception of possibly Trader Joe's [0] there's no place near me that fills that niche besides Whole Food's. My understanding of Amazon's intent in purchasing the store is that they have no intention of preserving that niche, and want to turn it into an everyman's grocery store with some Amazon-specific gimmicks.
If Amazon is correct in believing the assets of Whole Food's are more valuable as a general grocery store, then the sale is a net positive for consumers. But there's still other anti-trust considerations at play and sometimes minorities do get what they want at the cost of net benefit.
Of course I don't know what that congressman's going on about. Whole Foods only exist in places where people can afford to go to Whole Foods. If you're poor the outcome of this deal is absolutely meaningless to you.
[0] For the record, the one near me closed down a couple years ago, before the Whole Food's even opened.