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Jeff Bezos

Five ways Amazon can jump into health care

Five ways Amazon can jump into health care

  BOSTON — Online retail giant Amazon will enter the broader health care market — it’s just a question of how, according to global management consulting firm L.E.K. Consulting. In a new report released yesterday, L.E.K. said Amazon has the right combination of capabilities for “its big health care-industry ambitions” and could launch offerings running the gamut from

Venture aims to disrupt status quo in health care

Venture aims to disrupt status quo in health care

NEW YORK — Amazon, Berkshire Hathaway and JPMorgan Chase & Co. plan to form an independent, nonprofit health care company to provide their employees better and more affordable health care. While details remain sparse, the Amazon-Berkshire Hathaway-JPMorgan Chase health care company is considered a long-term effort that will focus initially on developing technology solutions to

Retail Rx gets out ahead of Amazon

Retail Rx gets out ahead of Amazon

Speculation about the possible entry of Amazon into the prescription drug business has been abundant in recent weeks. Financial analysts and journalists have generated a steady stream of reports about what is planned by the e-commerce powerhouse which, beginning with books 23 years ago, has succeeded in disrupting established business patterns in one merchandise category

Should pharmacy industry worry about Amazon?

Should pharmacy industry worry about Amazon?

What would happen to your business if, tomorrow, Amazon bought a major chain like CVS Pharmacy, Walgreens or Rite Aid? Not so long ago, if you put this question to an executive in the chain drug store industry, the response might have been “Well, that’s not going to happen.” But now that Amazon has announced

Retail turmoil opens the door for innovation

Retail turmoil opens the door for innovation

Ralph Waldo Emerson wrote, “People wish to be settled; only as far as they are unsettled is there any hope for them.” To the extent that Emerson’s insight is applicable to the grocery business, retailers vying for a share of the nation’s $800 billion a year in food and beverage sales, a contingent that includes

Amazon to acquire Whole Foods Market

Amazon to acquire Whole Foods Market

SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon will pay $42 a share in cash for the natural food chain, the companies said Friday. Whole Foods cofounder and chief executive

Retail innovations continue to emerge at Amazon

Retail innovations continue to emerge at Amazon

SEATTLE — Amazon.com Inc. continues to push the retail innovation envelope, recently unveiling a store without checkouts and field testing delivery by drones in the United Kingdom. The 1,800-square-foot Amazon Go store perhaps most closely resembles a high-end, high-tech convenience store. Customers do not need to scan their purchases or go through a checkout line.