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Amazon Puts Bond Traders on Edge in Once-Quiet Corner of Market

  • Whole Foods deal raises fear of internet undermining grocers
  • Apollo Global’s Fresh Market bonds trade at distressed levels
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Amazon Wastes No Time in Cutting Whole Food Prices

The bond market has long viewed America’s supermarkets as a species apart from their deeply troubled peers in the retail sector.

As conventional wisdom had it, grocers could resist the onslaught of e-commerce that was decimating industries such as clothing and electronics. After all, shoppers want to touch their avocados and see their T-bones.