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Amazon paid 13.7 billion for Whole Foods, which has 470 stores. If their interest was in low quality, inexpensive supermarket locations, why wouldn't they purc
by michaelchisari 9y ago
Amazon paid 13.7 billion for Whole Foods, which has 470 stores.
If their interest was in low quality, inexpensive supermarket locations, why wouldn't they purchase something like Publix, with its 1,154 stores, for a much cheaper price?
Furthermore, if you want guaranteed ethical, organic and fair trade goods, Whole Foods was always more about branding than reality on that front, anyways. Their stuff is better than most supermarket chains, but the independent stores still have them beat by a far margin.
- iamnothere 9y agoPublix is actually employee-owned, so it may not have been possible to broker such a deal. (Your general point still stands though; there are lots of large chains out there, and many would likely welcome a large buyer.)
- sib 9y agoPublix, while it has over 1,100 stores, operates them all in only seven states in the southeast US. Whole Foods, although relatively small, has a nearly national footprint.