Amazon Buys Whole Foods

16 Jun 2017 11:10 AM | Anonymous

Amazon, the fourth biggest business in the USA, accounting for 43% of online sales, has bought Whole Foods.

Until now, Amazon has had a limited impact on the grocery market. In the US, it accounts for less than 0.5% of grocery spending, according to GlobalData.

Whole Foods has had a huge influence on food retail in the US, but recently growth has stalled.  In February, it announced it would close 9 stores in the US after a period of decling sales

Click below to read relevant articles:

http://www.gourmetretailer.com/top-story-retailing-amazon_buys_whole_foods-13363.html

http://marketrealist.com/2017/06/why-did-whole-foods-consider-a-sale/

© Food & Drink Exporters Association
Powered by Wild Apricot Membership Software