Amazon will lose money on Whole Foods — but probably not for long

 Sometimes giving up something in the short-term can yield a big reward in the long-term. That’s the idea behind many of Amazon’s businesses, and that’s particularly true of the recent Whole Foods deal. Amazon’s purchase of the upscale Whole Foods grocery chain for $13.7 billion will go through on Monday, and already the online retailer has said prices will drop on… Read More

from Amazon – TechCrunch https://techcrunch.com/2017/08/25/amazon-will-lose-money-on-whole-foods-but-probably-not-for-long/?ncid=rss