The Day Amazon Bought Whole Foods — Every Grocery CEO's Stock Dropped.
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YouTubeThe Untold Stories
The Day Amazon Bought Whole Foods — Every Grocery CEO's Stock Dropped.
On June 16th, 2017, Amazon announced it was acquiring Whole Foods for $13.7 billion. Within hours, Kroger dropped 9%, Walmart fell 5%, Costco fell 7%, Target fell 5% — all in a single session. Nobody had lost a single customer yet. But the grocery industry understood immediately what the announcement meant. No category is safe from the ...
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