http://video.cnbc.com/gallery/?video=3000628255
Steve Odland appeared on CNBC’s Squawk Alley on June 16, 2017 to discuss Amazon’s purchase of Whole Foods. The acquisition is an inexpensive way for Amazon to acquire a high quality perishables distribution system with 450 brick and mortar sites in 42 states. This opens the door to a $1T non cyclical food industry in the US for Amazon, and will help them deepen share of wallet among current customers as well as access new customers with a much higher shopping frequency that their average customer.