These Are the Stores Losing Traffic to Whole Foods
On Aug. 28, Amazon.com (NASDAQ: AMZN) officially took possession of Whole Foods Market. Then it planted its flag by immediately slashing prices on consumer staples such as bananas, avocados, salmon, eggs, apples, and kale.
Image source: Whole Foods.
As most investors probably know by now, grocery store stocks sold off hard in response and remain depressed, though general retailers Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) have rebounded recently. Investors just aren't willing to pay the same multiples they once were in a pre-Amazon/Whole Foods era.
Source: Fool.com
Walmart Inc. Stock
€63.94
-0.420%
The stock is an absolute favorite of our community with 94 Buy predictions and no Sell predictions.
With a target price of 70 € there is a slightly positive potential of 9.48% for Walmart Inc. compared to the current price of 63.94 €.
