In yet another indication of the growing power of online over bricks and mortar, it was announced today that Amazon is buying buying Whole Foods in a deal worth about $13.7 billion. Only a month ago, problems started becoming evident that resulted in a board shake-up and the implementation of cost cutting measures due to falling sales.
What to expect next? Maybe ordering your groceries through Alexa and having them delivered by drone? Only time will tell, but the move provides further evidence of the tremendous shift from traditional sales channels to online.
