Whole Foods

Amazon’s Whole Foods Deal

When Amazon announced its plan to buy Whole Foods for a massive US$13.7 billion, to say that the news took the retail industry by surprise would be an understatement. Soon after the news hit the stands, Target shares dropped 5 per cent, with Costco, Kroger, and SuperValu reporting similar declines of 7%, 9%, and 14% respectively. As per the terms of the deal between Amazon and Whole Foods, as many