Lively and in-depth discussions of city news, politics, science, entertainment, the arts, and more.
Hosted by Larry Mantle
Airs Weekdays 10 a.m.-12 p.m.

As expected, the Amazon-Whole Foods deal is causing havoc in the grocery industry




A car drives past an AmazonFresh Pickup location on June 16, 2017 in Seattle, Washington.
A car drives past an AmazonFresh Pickup location on June 16, 2017 in Seattle, Washington.
David Ryder / Stringer

Listen to story

15:02
Download this story 7.0MB

When Amazon announced its acquisition of Whole Foods back in June, the expectation was that the deal would cause major disruptions to the grocery industry.

The $14-billion purchase is expected to close Monday. In anticipation of the deal’s finalization, Amazon announced yesterday that it plans to lower prices on a number of items at Whole Foods, as well as offers Amazon Prime members a discount.

The news quickly translated to a stock-price hit for a number of grocers, including Costco and Kroger, erasing some $12 billion in market value from these companies.

Guests:

Phil Lempert, a supermarket and consumer behavior expert with the Santa Monica-based market retail firm SupermarketGuru.com; he tweets @PhilLempert

Burt P. Flickinger, III, managing director of Strategic Resource Group, a consumer industry consulting firm in New York; he tweets @Burt_Flickinger