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.

amazon whole foods merger
Flickr/Mike Mozart and Robert Scoble
amazon whole foods merger

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.

Amazon.com Inc.

Whole Foods Market Inc.

Costco Wholesale Corp.

The Kroger Co.

Target Corp. 

Sprouts Farmers Market

Wal-Mart Stores Inc.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Inside The Nationwide Jockeying For Opportunity Zones 2.0

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing