Under Amazon, Whole Foods begins to eat into Trader Joe’s marketshare
August 27, 2018
According to smartphone tracking data from Sense360 that monitored activity within a mile radius of Whole Foods locations in 100 places around the U.S., the natural grocer in the past year since being acquired by Amazon has begun to steal foot traffic from Trader Joe’s, Walgreens and Dollar Tree Stores. The firm’s CEO, Eli Portnoy, sees the beginnings of a challenge on the “micro” level. “We’re at the very beginning stages, and these things take time,” he told Bloomberg. “These findings show there will be an impact.”
Recent News
Apple’s Record-Breaking $110B Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.