Amazon has agreed to buy Whole Foods for $13.7B, and now the intentions of Amazon are to cut Whole Foods Prices and go after Wal-Mart Stores, Target, German discounters Aldi and Lidl, Costco, and grocery stores chains such as Kroger, Safeway, and Albertson’s.
Amazon is expected to slash jobs and other costs at Whole Foods; the first to be cut is cashiers. The cashier jobs would be replaced by Amazon’s, “Just Walk Out Technology,” now being tested at Amazon Go convenience store in Seattle. When customers with the Amazon Go app on their smartphones walk into the store, the system logs them into the store’s network and establishes the connection to their Amazon account.
The system uses a computer to track everything the customer pulls off the shelf, and then when the customer is done shopping, they can just walk out of the store, and the computer will charge the client’s account and send out a receipt. This system will replace cashiers at Whole Foods.