Jun 29, 2017
Everyone’s favorite online retailer Amazon purchased Whole
Foods Market for 13.7 billion dollars. Chip already missed one
sound drop within the first 2 mins of the show. Cern has intel that
Albertsons was also rumored to be in the hunt for Whole Foods.
Amazon’s stock has hit a 52 week high trading at nearly $1k a
share. Chip and Cern are going to go in one share of Amazon
stock.
Whole Foods has 430 something stores which Chip and Cern
believe will be a big play for the Amazon Fresh arm of Amazon.
Amazon Fresh is groceries where you can get anything to eat.
Fruits, veggies, meat, cheese, along with all non
perishables.
The Amazon Go store in Seattle, WA has perked Chip and Cern’s
interest and want to visit. Basically the Amazon Go store is a
checkout free store. Literally walk in, grab a sandwich, some
groceries and a drink and just walk out. You scan a barcode to
start your shopping experience and grab anything you like and walk
out. It will then charge your account. No checkout, no human
interaction, sounds great.
Cern doesn’t really shop at Whole Foods that often, but he
will stop by to grab something quick. If you remember the
Dana’s
Bachelor Party Recap episode Chip, Cern, Dana, Joe and some
other slap dicks drank at the Whole Foods outdoor beer
garden.
Amazon has totally changed the way people shop, not just
online, but in store as well. This purchase of Whole Foods will
change the way people shop for groceries. Cern thinks that this
purchase is a play at Amazon going after and taking market share
from Wal-Mart.
Chip has sold some stuff on Amazon and it is pretty
easy.
Have you used Amazon Fresh? Do you have thoughts about Amazon
buying Whole Foods? Let us know of Twitter (
@chipandcernshow) or on
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