Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
June 16, 2022

5 Years Later: Amazon’s Whole Foods Buy A Study In Hubris And Determination

Amazon's attempts to unite brick-and-mortar grocery with its hulking e-commerce operation might have struck fear into the industry when it announced its acquisition of Whole Foods five years ago Thursday, but it has been a bit of a shaky marriage so far.

Since that 2017 buy — and amid redoubled attempts at securing an omnichannel grocery foothold with newer brand Amazon Fresh — the company is learning the hard way that chucking a package of toilet paper onto a stoop is far easier than delivering an insulated bag of raw chicken and fragile produce, and that building customer loyalty can’t be solved with technology and its name alone.

5 Years Later: Amazon’s Whole Foods Buy A Study In Hubris And Determination

Amazon is throwing everything it has at the stable, lucrative grocery market, according to retail analysts. But as Amazon Fresh stores open more slowly than expected and Whole Foods struggles to find its post-acquisition footing, the company might need to put in a lot more legwork to land a permanent…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

LEGO To Build First U.S. Factory With $1B Investment LEGO To Build First U.S. Factory With $1B Investment
Fed Hikes Interest Rates By 0.75%, And Powell Says It Could Do It Again Fed Hikes Interest Rates By 0.75%, And Powell Says It Could Do It Again
Proptech Backed By Amazon, Robert Downey Jr. Surpasses $1B Valuation Proptech Backed By Amazon, Robert Downey Jr. Surpasses $1B Valuation
Office Occupancy Hits 44%, Its Highest Point Since The Pandemic Began Office Occupancy Hits 44%, Its Highest Point Since The Pandemic Began
Perforation

Chevron Donates $10M Parcel To Houston Food Bank For New Permanent Warehouse

Chevron Donates $10M Parcel To Houston Food Bank For New Permanent Warehouse

Chevron donated a 53-acre parcel to the Houston Food Bank for a second warehouse and distribution center, adding more distribution capacity for the organization, which has seen increased demand since 2021's winter storm and the coronavirus. The land is at Ella Boulevard and State Highway…

Read the full story here.

  Share:  
 
Perforation

New Houston CRE Company To Transition Warehouse Into Class-A Office

New Houston CRE Company To Transition Warehouse Into Class-A Office  

NewFound Partners will develop a 60-year-old industrial property into a Class-A office building. The new office, at 1106 Witte Road, was built as a warehouse in 1959. It was previously Memorial Shooting Center and CrossPoint Lutheran Church. After being renovated, it will be a 28.5K SF single-story office, with coworking,…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Japanese Homebuilder Builds U.S. Momentum With Acquisition Of Houston Company Japanese Homebuilder Builds U.S. Momentum With Acquisition Of Houston Company
This Week's Houston Deal Sheet This Week's Houston Deal Sheet
Houston Has Added More Highly Certified Green Office Space Than Any Other U.S. City Houston Has Added More Highly Certified Green Office Space Than Any Other U.S. City
Taurus Picks Up A Dozen-Plus Sun Belt Properties From Houston To Orlando Taurus Picks Up A Dozen-Plus Sun Belt Properties From Houston To Orlando
 
Perforation

Workforce Shortages Hamstring Hotel Recovery As Leisure Travel Booms

 

In a small market in Texas, a new hotel operator decided to throw in the towel after less than one year. Despite being packed with guests, a chunk of the hotel's rooms remained out of service due to a chronic staffing issue that finally became too big a burden to bear.

"The owner called me and said, 'I just can't keep it. My wife is going to divorce me if I have to clean another bed,'" said Skyler Cooper, first vice president of investments and senior director of Marcus & Millichap’s Hospitality Division. "I sold the same hotel in the same year, which is unheard of — I've never done that in my 11-year career."

More than two years after the onset of the pandemic, a resurgence of leisure travel has ushered the hotel industry into recovery mode. First-quarter revenue per available room reached $72.20, a 61% increase year-over-year, according to CBRE Hotels

Operators are breathing a collective sigh of relief as profit margins begin to normalize. But looming over the renewed zeal for travel is a persistent lack of staff. 

Read the full story here.

 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 58571