ECRM_1170x120_8-1-17

AmazonFresh

Amazon’s grocery play is margin-squeezer

Amazon’s grocery play is margin-squeezer

Amazon’s closing of the Whole Foods Market acquisition this week is sure to add to brick-and-mortar retailers’ anxiety about the e-tailing giant’s ongoing march into traditional retail channels. Speculation about a potential move by Amazon into the pharmacy space has disquieted drug chains and other retail pharmacy players. But the online retailer’s grocery market entry

Amazon set to finalize Whole Foods acquisition

Amazon set to finalize Whole Foods acquisition

SEATTLE — Amazon announced on Thursday that its $13.7 billion acquisition of Whole Foods Market Inc. will close on Aug. 28. Amazon also revealed details about how it intends to lower prices and integrate its Prime membership program into the Whole Foods checkout process. The company’s bid for Whole Foods was approved Aug. 23 by