Insightful News


We are an addiction for those who love reading.


Insightful News

Amazon Shops Locally, But Spreads Fear Globally


Amazon is coming to get you no matter where you are. From London to Sydney, investors have interpreted the technology giant’s $13.7 billion acquisition of Whole Foods as a warning shot to local grocers. Yet a more bullish interpretation is also possible: Amazon is coming to buy you.

For a deal centered on 430-some stores based mostly in the U.S., Amazon’s bid for Whole Foods has spread collateral damage surprisingly far. Shares in Australia’s Woolworths fell 3.5% Monday—the first day investors had to respond to Friday’s…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *