The effects of Amazon.com Inc.’s potential $13.7 billion buyout of Whole Foods Market Inc. were already being widely felt on Friday in the U.S. grocery market, which is valued at $700 billion to $800 billion.
The share prices of grocery competitors such as Kroger Co. (NYSE: KR) and Sprouts Farmers Market Inc. (Nasdaq: SFM) both took hits and were down more than 11 percent and about 5 percent, respectively, in Friday afternoon trading. Big-box retailers that have increasingly pushed into the grocery…
#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/16/whole-foods-buyout-deal-sends-shock-waves-through.html?ana=RSS%26s=article_search
#Austin Check out URLinkedUp > http://www.urlinkedup.com