Amazon bought Whole Foods to solve its biggest problem in the grocery business (AMZN)
|08/22/2017||Posted by BusinessMediaguide.Com under General World News||
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 >>>