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Amazon, Whole Foods Market deal a win-win?

9/11/2017

Amazon's purchase of Whole Foods Market appears to be paying off for both parties.



The e-commerce giant has seen a spike in its online grocery sales since it acquired Whole Foods Market, according to a report by Bloomberg, which noted that the online giant immediately put about 2,000 items on its site from Whole Foods' 365 Everyday Value private brand, and sold out of almost all of the most-popular items.



Meanwhile, store traffic at Whole Foods increased 25% during the first two days after Amazon’s takeover, the report said.



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