Six months ago, Amazon caused fear for the long-term future of grocery store jobs with Amazon Go, its first experimental cashier-less grocery store.
But it was just one store. Amazon didn’t have much of a presence in the real world. It’s something to worry about but maybe not immediately.
On Friday, those concerns suddenly become a lot more tangible when Amazon announced that it had agreed to buy Whole Foods for $13.7 billion.
The acquisition solidifies Amazon’s growing dominance in the grocery market, from delivery through Amazon Fresh to plans to revolutionize in-person grocery shopping. Owning Whole Foods will ingratiate Amazon even more into every aspect of its customers’ lives—and in this case, the lives of especially high-income shoppers. Read more…
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