The Traderszone Network

Published in TZ Latest News 2 September, 2017 by The TZ Newswire Staff

Are Grocery Chains About To Join The Retail-Bankruptcy Bloodbath?

Amazon officially assumed control of Whole Foods Market on Monday and by noon, channel checks at WFM stores revealed that its new tech overlords had already slashed prices by nearly 50%, sending bonds of its grocery-chain rivals reeling as grocers confronted a new dilemma: either slash prices to the point of unprofitability, or hold the line and risk seeing sales evaporate.

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