Amazon wrecked the mall. Now it's coming for the grocery store

Amazon wrecked the mall. Now it's coming for the grocery store

Amazon wrecked the mall. Now it's coming for the grocery store

With the Whole Foods acquisition, analysts anticipate that Amazon will be the third largest retail grocery, behind Wal-Mart and Kroger, by 2021.

The S&P 500 market capitalization loss for just 20 stocks in the retail and food sector was $37.7 billion by Friday afternoon, according to CNBC.

Inc. will pay $42 per share for Whole Foods Market Inc., including debt.

Drew Herdener, a spokesperson for Amazon, told The New York Times that Amazon has no plans to use this technology to replace the jobs of cashiers at Whole Foods, and no other jobs will be impacted as a result of the deal. "Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an unbelievable job, and we want that to continue".

Whole Foods, which will keep operating stores under its name, said in an email to customers, that it will maintain the same standards under Amazon, including bans on artificial flavors and colors and antibiotics in hens producing its eggs. Right now, Ahold's stock is down by almost 10%. Walmart and Target also took significant hits. Amazon (amzn) shares surged more than $23 Friday, an increase of about 2.4%. Many stocks, including Target and Smart & Final Stores, were plummeting more than 10 percent before evening out later in afternoon trading.

The AP reported that Campbell Soup, Hormel, General Mills and Sysco shares fell between 3.2 and 3.3 percent, while United Natural Foods shares dropped 8.6 percent.

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At least one local shopper at the Andover Whole Foods store had a much different perspective on the deal. Every retailer in the market that competes with Whole Foods is going to have to offer their customers similar experience not just in product selection but in availability and timeliness.

Google Shopping: Google also have ties with Whole Foods, and one possibility with the recent Amazon acquisition is transferring deliveries to Amazon, and far away from Google.

ALINA SELYUKH, BYLINE: It's lunch hour, and people are dipping in and out of a Whole Foods store in Washington, D.C. This particular shop has only been open for three months, but the chain's brand has had nearly 40 years to grow. It had previously announced plans to open a 1,800-square-foot store called Amazon Go in Seattle, Washington. While the bid for Whole Foods may not bridge Amazon's "last mile", it certainly brings it closer, experts say.

Inside the stores, Whole Foods customers could see big changes, including easier checkouts.

Similarly, Instacart was not privy to the news that Amazon was acquiring Whole Foods until the deal became public on Friday. The total value of Amazon's offer stood at $13.7 billion, marking the largest acquisition offer in Amazon's history. Shoppers simply pick the items they want off the shelves and leave the store.

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