These Are the Stores Losing Traffic to Whole Foods

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.

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Source: Fool.com