Amazon purchased Whole Foods Market for an estimated $US13.7 billion in 2017. Founder and CEO John Mackey wrote about the merger in his new book “Conscious Leadership.” Mackey said that Whole Foods was looking for a buyer after hedge fund JANA Partners acquired 8.8% of the grocery chain’s stock. In […]
Amazon is opening a new grocery store in California this year that would be separate from Whole Foods, the company confirmed in late 2019. The confirmation comes after The New York Times reported that Amazon is looking into creating a new grocery chain that would combine the aspects of online […]
Walmart is down more than 6% Tuesday morning after reporting disappointing earnings. The world’s largest retailer reported adjusted earnings of $US1.33 per share where Wall Street expected $US1.37. Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter. Shares of Walmart fell as much as […]
