You are here: Home » International » News » Companies
Business Standard

With Whole Foods, Amazon on collision course with Wal-Mart

Amazon is expected to lower Whole Foods' high prices enabling it to pursue Wal-Mart's customers

Reuters  |  Çhicago/San Francisco 

When Wal-Mart Stores Inc bought online retailer for $3 billion last year, it marked a crucial moment — the world's largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete. On Friday, Inc countered. With its $14 billion purchase of grocery chain Whole Foods Market Inc, the largest e-commerce company announced its intention to take on Wal-Mart in the brick-and-mortar world. The two deals make it clear that the lines that divided traditional retail from e-commerce are disappearing and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, June 18 2017. 16:37 IST