Amazon’s Whole Foods Is Starting to Steal Trader Joe’s Shoppers

When Amazon.com Inc. bought Whole Foods last year, investors panicked and dumped shares in Kroger, Sprouts Farmers Market and even Walmart. Since then, the concerns have subsided as investors and analysts came to recognize that it will be years before Amazon becomes a major player in the $800 billion industry. The data, which covers Whole Foods locations within one mile of competing stores, demonstrate that Amazon can lure loyal Prime members to physical stores with discounts.

from Yahoo Finance https://ift.tt/2Mxe9pw