Amazon's dive into groceries with Whole Foods buy explained in 5 points

Amazon may want to use Whole Foods' high-end grocery stores as pick-up points for its customers

Editor’s note: Amazon became a major player in the supermarket business overnight after the online retailer said it was buying upscale grocery chain Whole Foods for $13.7 billion, including debt, a premium of 27 per cent over Whole Foods’ presale share price. The purchase would be Amazon’s biggest ever. We asked economist Roger Meiners to explain what Amazon gets out of it and why Whole Foods agreed to sell.

Why would Amazon pay so much for bricks and mortar?

Buying Whole Foods gives Amazon 465 premier locations immediately. Whole Foods will continue to