Amazon to buy Whole Foods for $13.7 billion

Amazon has announced that it has agreed to acquire Whole Foods Market, the upscale grocery chain best known for its organic foods. Amazon has experimented with physical bookstores, a cashier-less convenience store, and grocery pickup locations, but this is by far their biggest push into offline retail. This acquisition gives Amazon over 460 stores in the United States, Canada and Britain. It should be interesting to see how Amazon incorporates their technological prowess into those stores.

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