It hit just before 2pm US eastern time on an otherwise calm Thursday (Aug. 24) afternoon. Amazon announced plans to roll out lower prices at Whole Foods Market locations, and it sent the supermarket chains into a tailspin. This is what losing close to $12 billion in market capitalization looked like for America’s grocery industry:
Less than a day after federal regulators in the US approved Amazon’s $13.7 billion takeover bid for Whole Foods, the Silicon Valley retail titan wasted no time in saying it would lower prices at the upscale grocery chain. The change is expected to impact the cost of a range of foods, including avocados, eggs, salmon, ground beef, and more.
Amazon has won approval from the US government to complete its takeover of upscale grocer Whole Foods Market. In giving their blessing, regulators have set the stage for a Silicon Valley supermarket invasion.
Tracking down contaminated food has historically been a messy affair, sometimes taking retailers and food companies weeks to learn exactly what products they need to pull from store shelves.
As a huge tropical storm drifted westward across the Indian Ocean in March, it set itself on a collision course with the world’s sweet tooth.
The world’s leading coffee chain has a message for Silicon Valley’s biggest, most threatening companies: It isn’t about to be disrupted anytime soon.
They’ve been called cave babies—miniature members of society who are going paleo even before they learn their first words.
The second-largest general goods retailer in America has cut ties with Silicon Valley’s preeminent food startup.
For years, it’s been the Holy Grail for food companies. Yet intrepid scientists haven’t stumbled upon finding a natural replacement for sugar in food. And it doesn’t appear they’re likely to find one anytime soon.
New research out of Australia appears to have found a way to train the human body to overcome a peanut allergy, one of the most common and deadly allergies in the world.
Move out of the way, Two-Buck Chuck, there’s some fierce competition coming your way.
Some companies will never be cool, no matter how much flair they wear.
San Francisco-based food delivery service Instacart just inked a deal with German grocery chain Aldi, which has been making moves to disrupt the US supermarket sector. In doing so, Instacart is thumbing its nose at Amazon, which also hopes to upend the US grocery space.
The world’s largest online retailer is looking into high-tech food packaging as it invades and disrupts the grocery industry, according to a new report by Reuters.
For some, the drink represents a trumpeting herald of autumnal bliss. For others, it’s the chief icon of America’s cultural “basicness.” Regardless of disposition, Starbucks is now bottling its Pumpkin Spice Latte to be sold over the counter in grocery stores across the US.
Starbucks is it’s own worst enemy.
The world’s largest maker of soda wants to pay someone $1 million to solve one of its biggest problems.
In just three years, matcha tea has gained a foothold in the US beverage market with no signs of slowing.
A new, high-profile documentary claims eating an egg is about as dangerous as smoking five cigarettes.
There is now rosé in cans, rosé in cardboard cartons, even so-called “frosé,” in which the bubbly booze is served up like a frozen margarita.
Correction: An earlier version of this article stated that Blue Apron expects to lay off 1,270 jobs as it closes its facility in Jersey City, New Jersey and opens a new one in Linden, New Jersey. In fact, all but 470 Jersey City employees have accepted positions at the new facility, according to a new statement from the company. The remaining 470 remain at risk of losing their jobs if they opt not to transfer as well.
The maker of Oreo cookies is undergoing a changing-of-the-guard as it swaps out its longtime CEO, Irene Rosenfeld, for a man who’s spent the last seven years leading one of the world’s largest French fry companies.
Impossible Foods, the maker of the meatless “burger that bleeds,” just got a fresh infusion of cash from some of the wealthiest people on the planet.
He was known as the King of Tortillas, and up until his death in August 2012, Roberto González Barrera watched his mighty Mexican empire flourish.
