Amazon.com Inc said on Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon's $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, has been a shadow hanging over an ailing brick-and-mortar retail sector unsure of how to respond to the world's biggest online retailer. Shares in Kroger Co and Sprouts Farmers Market Inc each shed around 7 percent of their value ...
As merger gets going, Amazon to cut prices on popular goods at Whole Foods
The price cut on selected in-store goods will start Monday
Reuters Last Updated at August 25, 2017 09:13 IST