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Amazon Acquires Whole Foods Market Creating a Shakedown in the Industry

The Grocery Industry Is In Big Trouble

Amazon sent a shockwave across the retail industry on Friday, announcing it would buy Whole Foods in a $13.7 billion deal.

The combination of a high-end supermarket chain and the US’s dominant online shopping business looks set to wreak havoc in the grocery industry, where big chains are already struggling with low profit margins and the creeping power of Silicon Valley.

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