Wall Street quiet as solar eclipse takes center stage >>> READ MORE

4 Retail Stocks Getting Slammed by the Amazon-Whole Foods Deal

These retail stocks were hit particularly hard

    View All  

The growing retail dominance of Amazon.com, Inc. (NASDAQ:AMZN) it set to rise a notch as the company announced a deal to acquire grocer Whole Foods Market, Inc. (NASDAQ:WFM) for $13.7 billion, the company’s largest to date.

4 Retail Stocks Getting Slammed by the Amazon-Whole Foods Deal
Source: Shutterstock

The acquisition fits with the Seattle company’s recent push into brick-and-mortar and grocery/pantry products. And it also heads off a renewed push by competitors into the online space (for example, the purchase of Jet.com by Wal-Mart Stores Inc (NYSE:WMT)).

The result is a wave of selling pressure in the general retailer space on the fear that Amazon’s logistical prowess and scale will drive down WFM’s prices (“Whole Paycheck” and all that), addressing the weak spot that has weighed down the grocer’s revenue growth in recent years. When you mix this with the company’s existing strengths, this could well be the biggest disruption to the grocery space since Walmart’s big expansion in the 1980s and 1990s.

Here are four retail stocks that are getting hit hard:

Next Page

Article printed from InvestorPlace Media, http://investorplace.com/2017/06/4-retail-stocks-slammed-amazon-whole-foods-deal/.

©2017 InvestorPlace Media, LLC