Whole Foods and Amazon share some of the same demographic trends, according to data from the NPD Group. Sixty percent of millennials are Amazon buyers, compared to 42 percent of consumers generally. And 24 percent of millennials bought something from Whole Foods last year, compared with 20 percent of all consumers.
“My guess is that the play here is going to be the home delivery that’s going to be accelerated by Amazon, not only groceries but prepared meals as well,” Mahaney said.
President Donald Trump has been outspoken in his criticism of Amazon’s CEO, Jeff Bezos, particularly as a presidential candidate on the campaign trail. In May 2016, Trump said Bezos was “getting away with murder tax-wise,” and that he had “a huge antitrust problem because he’s controlling so much, Amazon is controlling so much of what they are doing.”
The president has yet to fill three vacant seats on the Federal Trade Commission, leaving the possibility open for an anti-tech appointee to drive a wedge in Amazon’s acquisition.
“Theoretically, they could put someone at the head of the FTC, fill those slots with someone who might be skeptical about this deal,” said James Pethokoukis, DeWitt Wallace Fellow at the American Enterprise Institute, on “Power Lunch.”
“But you would think just on the merits alone, that would be so overwhelming that there would not be a problem,” Pethokoukis said.