Amazon has grown from a simple book seller to a 136 million dollar a year company that just keeps growing. With the recent attempted purchase of Whole Foods, experts weigh in on what the future looks like. Most agree it is positive for Amazon’s growth. There are mixed reactions on how this will impact grocery store competitors over time.
- Since its founding as an online bookstore in 1994, Amazon.com Inc. has increasingly expanded its reach in a quest to sell the full spectrum of goods from A to Z.
- This is a much more efficient way for Amazon to implement a move into the brick-and-sticks side of retail – it’s instant.
- Traditional grocers will likely have to tighten margins further to compete, which would cause significant disruption.
“One certain outcome for commercial real estate: This purchase will make landlords with Whole Foods as tenants happy.””
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