Grocery Rivalry Hot as Ever a Year After Amazon-Whole Foods Deal
- Kroger, Walmart spending billions beefing up digital services
- Deal ‘was a good wake-up call’ for industry, analyst says
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It’s one year later and everything and nothing has changed.
Amazon.com Inc. rattled the relatively sleepy grocery industry with its $13.7 billion deal to buy Whole Foods Market last June. Since then, the pioneering organic grocer has disappeared into the embrace of the e-commerce giant, making it difficult to tell whether Whole Foods has turned around from the slump that made it a takeover target in the first place.