Amazon’s Whole Foods Lures New Shoppers From Wal-Mart, Sprouts
- Almost a quarter of first-time visitors came from Wal-Mart
- Whole Foods hasn’t gained lower income shoppers, study finds
Amazon's Whole Foods Lures Customers From Grocers
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Amazon.com Inc.’s takeover of Whole Foods Markets has shaken the grocery business. Wal-Mart Stores Inc., Trader Joe’s and Sprouts Farmers Market Inc. may be hurting the most so far.
Whole Foods’ foot traffic from new shoppers jumped 33 percent in the first week following Amazon’s acquisition, and Wal-Mart regulars accounted for the largest percentage of first-time customers, according to research firm Thasos Group.