Home » General World News » Amazon bought Whole Foods to solve its biggest problem in the grocery business (AMZN)

Amazon bought Whole Foods to solve its biggest problem in the grocery business (AMZN)





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It’s no secret that Amazon is ramping up its food delivery business.

It’s been the reason many investors think the company bought Whole Foods for $13.7 billion in June.

But, according to a recent survey from Morgan Stanley, there’s another reason. Buying Whole Foods allows Amazon a physical location for customers to see the groceries they are buying.

A huge 84% of customers say they want to see the food before they buy it, Morgan Stanley said, which is consistent with the survey results from last year.

“WFM’s store footprint (with 45% of the US population within 10 miles of read more >>>

Source:: BusinessInsider.Com

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