4 Reasons Why Amazon Is So Hard to Compete With
When Amazon.com (NASDAQ: AMZN) bought Whole Foods Market in June, the news leveled the supermarket industry. Even titans like Wal-Mart and Costco Wholesale saw their shares suffer as investors feared that Amazon's incursion in the grocery industry would crunch margins and take market share.
The early results indicate that those fears were justified. Amazon officially took over Whole Foods at the end of August and wasted no time slashing prices on staples like eggs, bananas, and avocados, and adding products from Whole Foods' private label 365 brand to its website. As a result, traffic spiked 25% in the first two days following the discounting according to Foursquare, and Amazon sold out of many Whole Foods products online.
That early success shows the power of Amazon's reputation and is one of many reasons why the company is so difficult to compete with. Let's take a closer look at some other reasons below.
Source: Fool.com
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