Contact Us

Stock Market Free Fall: Grocer Shares Plummet On Amazon-Whole Foods Deal

Major grocery stocks entered a free-fall Friday following Amazon's announcement that it will acquire Whole Foods for $13.7B in an all-cash deal.


While Whole Food's stocks soared 29% after the news broke, and Amazon's shares were up nearly 3%, shares of competing grocers like Costco, Kroger and Sprouts took a nosedive. Even Wal-Mart, which announced it will acquire online men's retailer Bonobos earlier Friday, is down.

More than $29B of grocery-related market share has been lost as of Friday morning. Check out some of the biggest losers below. Inc.

Whole Foods Market Inc.

Costco Wholesale Corp.

The Kroger Co.

Target Corp. 

Sprouts Farmers Market

Wal-Mart Stores Inc.