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

Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. Assets

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Data Center IPO Wave Reveals A Variety Of New Strategies In Booming Sector

Office Revenues Are Failing To Keep Pace With Expenses

HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio

BMO Executive Named New CEO At CREFC

Traders Bet On A Rate Hike From The Fed After Inflation Report Climbs Higher

Why The Next Generation Of Data Centers Will Require More Battery Options

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Residential

Starbucks Spending $1B To Turn Cafés Into Community Lounges

Stephen Curry Sells Planned HQ Site Near Warriors' Arena