Amazon wrecked the mall. today which's coming for the grocery store

We ask Alexa about Amazon buying Whole Foods

Amazon has turned malls upside down, yet had left grocery stores unscathed.

which changed on Friday.

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Amazon’s $13.7 billion purchase of Whole Foods means the supermarket, as well as also retailing overall, will never be the same. Grocers will today have to contend with the incredibly rich as well as also powerful competitor whose impact on retail has been so dramatic.

Department stores have shed 46% of their workers since 2001, a greater percentage of their jobs than coal mines or factories have lost over the same period. Store closing announcements are piling up at a record pace.

as well as also retail bankruptcies large as well as also little are up 30%, according to They have included well known names across many sectors: Gymboree, Sports Authority as well as also Payless Shoes have all filed for bankruptcy within the last year.

Sears, the iconic chain which reshaped retailing over the last 100 years, warned earlier which year there is usually “substantial doubt” which can stay in business.

Related: Jeff Bezos is usually the smartest guy in business

The grocery industry hasn’t been immune — old-line supermarket chain A&P went bankrupt in 2015. yet for the most part, threats to grocers has come by brick-as well as also-mortar retailers entering the sector: Walmart (WMT), Target (TGT) as well as also Costco (COST) are today major forces in grocery.

as well as also while department stores, electronics chains as well as also various other retail sectors have been closing stores, the number of grocery stores has continued to grow. which wasn’t until 2015 which the number of pure grocery stores actually started out to decline, according to government numbers, as well as also then only slightly.

Only about 2% of about $0 billion in annual grocery sales are made online, according to Daphne Carmeli, CEO of Deliv, which handles same-day delivery for more than 4,000 retailers, including grocers.

“The anticipation was which grocery will go to about 20% online inside next couple of years,” she said. “yet grocers have to respond as well as also move faster today. Because which’s what Amazon (AMZN, Tech30) does. They get into a field as well as also, boom, they get market share as well as also become the leader.”

The Whole Foods acquisition is usually also scary for grocery workers. Amazon is usually a leader inside use of robots.

Grocers have been trimming jobs through innovations like self-service checkout lanes. Amazon is usually experimenting that has a store in its Seattle hometown where customers will buy groceries without even having to go through a checkout line, using an app as well as also computer vision. Labor leaders voiced concern Friday which Amazon’s move into the grocery sector will cost even more retail jobs.

Related: What the Amazon-Whole Foods deal means for you

The coming years are likely to see a lot of disruption, not only by Amazon yet by traditional grocers shifting more sales online. yet given its technological advantages, Amazon is usually required to have an oversized impact.

“Amazon will redefine convenience,” said Bahige El-Rayes, a principal inside retail practice of A.T. Kearney.

The growth of online grocery shopping has faced barriers. Consumers want to look at food, especially meat as well as also produce, before they buy which.

yet part of the problem has also been the need for short delivery distances for perishable items. While Amazon has been building more as well as also more delivery hubs, the Whole Foods deal gives which 456 stores which which can instantly fit into which network, said Josh Olson, analyst with Edward Jones.

“which potentially turns these brick as well as also mortar stores into distribution centers,” Olson said.

sy88pgw (brand-new York) First published June 17, 2017: 2:11 PM ET

Amazon wrecked the mall. today which's coming for the grocery store

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