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

How U.S. Giant Realty Income Bought The UK And Europe

Spirit Christmas Unveils Plans To Grow Store Count This Holiday Season

Hurricane Isaias Puts More Than $40B In Multifamily Property In Its Path

Braemar Inches Closer To Ashford Breakup With $372M Hotel Sale

How Houston's Next Generation Of Retail Can Elevate The Suburbs And Attract Customers

Transformers: Yet Another Data Center Power Infrastructure Supply Chain Bottleneck

Proposed EPA Rule Change Could Cut Months From Timelines Of Projects Near Wetlands

Deutsche Bank Files $260M Foreclosure Suit For Broward County Mall

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Heitman, Andover Target Self-Storage With New Investment JV

U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

Clarion Hires Prologis Executive To Lead Power Strategy