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Thread: Amazon eats Whole Foods

  1. #1
    Board Mommy vraiblonde's Avatar
    Member Since
    Mar 2001
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    Amazon eats Whole Foods

    I am alarmed at Amazon owning everything that Google doesn't own.
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  2. #2
    INGSOC GURPS's Avatar
    Member Since
    Nov 2012
    Peoples Republic Of Maryland
    38,181 Inc.’s AMZN +3.00% purchase of Whole Foods Market Inc. WFM +29.01% isn’t just a $13.7-billion bet on physical grocery stores. It is a direct strike at the world’s biggest retailer: Wal-Mart Stores Inc. WMT -4.93%

    Wal-Mart generates more than half of its $486 billion in annual revenue from groceries and is the country’s largest grocer. But the company has been ramping up its digital business with a string of e-commerce acquisitions as its battles Amazon for customers.

    Wal-Mart shares fell 6% in early trading, as did other big traditional grocers. The decline erased nearly $15 billion in Wal-Mart market value, or more than what Amazon is spending on Whole Foods. Costco Wholesale Corp. COST -5.78% dropped 7.8% while Kroger Co. plunged 15%.
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

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