Selected stocks impacted by Amazon acquisition of Whole Foods
Grocers
- Kroger
- Walgreens
- Costco
- Wal Mart
- Target
Food
- McCormick
- Conagra
- General Mills
Potential Interlopers
- WalMart, Kroger, Albertsons
- “I wouldnt be surprised if every grocery store has an emergency board meeting this weekend”
Considerations for Amazon deal
- Ability to reach customers in high-income, urban areas, where it is traditionally difficult to reach customers (and not accessible by drone)
- Acquisition of 431 distribution centers
- WholeFoods is only 2% of total grocery market
- Highly synergistic with Amazon fresh
- Amazon did not hold a conference call post deal