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Nov.28 -- Tom Forte, D.A. Davidson analyst, discusses the outlook for Amazon.com Inc. and holiday retail sales with Bloomberg's Julia Chatterley, Joe Weisenthal and Scarlet Fu on "What'd You Miss?"
Newly-named Snap CEO Dale Easdon delivered the grim news to 75 Chicago-based employees today. The Austin, Texas-based healthy-prepared foods company had five free-standing stores and two company-operated kiosks inside Whole Foods stores in Chicago's Streeterville and Lakeview neighborhoods. Snap Kitchen will continue to operate in the Houston, Dallas and Austin markets, as well as Philadelphia, where the company operates several stores.
The house that Sam Walton built is getting increasingly effective at leveraging its strengths for omnichannel retail.
Two recent court cases have ruled in retail landlords' favor, ordering Starbucks and Whole Foods to either stay open or reopen a store.
United Natural Foods, one of the largest suppliers for Whole Foods, saw an unexpected increase in demand following the Whole Foods-Amazon acquisition.
Recent price cuts by Amazon/Whole Foods are intended to attract more customers and dispel the 'Whole Paycheck' nickname it's been called. In organic food, Costco is the market leader and competitor it has to beat. But for the affluent consumers both companies target, convenience trumps price.
Recently, a rotational trade has gripped the market wherein money is flowing out of big-multiple, big-growth names like Amazon.com, Inc. (NASDAQ:AMZN) and into low-multiple, big-tax-rate names like Nordstrom, Inc. (NYSE:JWN). JWN stock was far too beaten-up, trading at just 14 times 2017 earnings estimates. Amazon’s North America retail business is experiencing super-charged growth thanks to a confluence of tailwinds, including the integration of Whole Foods Market, Inc. (NASDAQ:WFM) and huge demand for Amazon’s suite of smart home products.
The predictions are in. Food trends in 2018 could include more plant protein, tea flavors, eerily convincing mocktails and sushi croissants.
The warehouse retailer has posted modest gains so far this year, but has lagged rivals Amazon and Wal-Mart in both performance and innovation.
Most importantly, Rite Aid is finally starting to transfer ownership of stores to Walgreens. Rite Aid recently added Apple Pay as a payment option for online purchases. Rite Aid is getting rid of a big chunk of its under-performing brick-and-mortar locations while simultaneously boosting its online business.
Amazon.com Inc.’s expansion into the grocery industry may be pushing more supermarket chains into the arms of Instacart Inc., a delivery service that helps retailers fill online orders.
The internet giant is likely to capture about half of the more than $100 billion in online sales expected to occur from November through December, and has been key in ratcheting up consumer's shopping ...