Amazon to Acquire Whole Foods Market for $13.7 Billion

Seattle — Online retail giant Amazon has agreed to acquire high-end grocery chain Whole Foods Market Inc. for $13.7 billion. The all-cash transaction amounts to $42 per share and includes the Austin, Texas-based grocer’s net debt. Whole Foods Market will continue to operate stores under the Whole Foods Market brand. John Mackey will remain CEO of Whole Foods Market, and the company’s headquarters will remain in Austin.

3 Key Trends Shaping the Future of Grocery Retailing

Rockville, Md. — What could be said 20 years ago is even truer today: The U.S. food retailing business has never been more competitive. According to The Future of Food Retailing: Value Grocery Shopping in the U.S., a brand new report by market research firm Packaged Facts, there are a number of trends that are putting pressure on food retailers of all stripes, from supermarkets whose bread and butter is groceries to supercenters and drugstores for which food is a smaller but still crucial part of the product mix.

Nordstrom Names Chief Technology Officer

Seattle — Nordstrom, Inc. has hired Kumar Srinivasan as chief technology officer (CTO). Srinivasan's agile development practices, cloud expertise and experience developing highly innovative customer-focused outcomes will play an important role in shaping the technology agenda across Nordstrom.

Target Names EVP, Chief Supply Chain & Logistics Officer

Minneapolis — Target Corporation has hired Arthur Valdez as executive vice president, chief supply chain and logistics officer. Valdez will lead Target’s supply chain transformation including planning, distribution and transportation. He will report to Target’s executive vice president and chief operating officer, John Mulligan.

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