Small Seattle Grocers Unfazed by Amazon, Whole Foods Deal While Analysts Say 'Industry Will Never Be the Same'
Kyle Hutchins discusses how the Amazon-Whole Foods deal will impact the Seattle-area economy.
Author:
Date : June 16, 2017
Executives from Seattle grocers PCC Natural Markets and Central Co-op said they are not worried about Amazon.com's acquisition of Whole Foods, while grocery experts were less upbeat.
Industry:
Earlier this morning, Amazon announced plans to purchase Whole Foods Market (Nasdaq: WFM) for $13.7 billion, the biggest acquisition the company has ever made. While many people are concerned this action could hurt small, local organic grocery stores, Seattle CEOs were more restrained in their responses.

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Consultant Kyle Hutchins, senior director of customer experience at West Monroe Partners' Seattle office, said the extent to which the deal will affect the Seattle-area economy will depend on how Amazon operates Whole Foods moving forward.

"I see it creating South Lake Union (high-paying) jobs, but reducing jobs both locally and nationally (hourly, unionized) as the grocery store industry will never be the same," he said in an email. "And the implications are real for local grocery stores as they may not be able to compete."

To read the entire article, please visit the Puget Sound Business Journal's web site (subscription required). 

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