With the purchase of Whole Foods, Amazon is aiming at the heart of Wal-Mart, the grocery business.
For starters, analysts say, Amazon will most likely lower Whole Foods’ notoriously high prices.
It will also use Whole Foods’ 466 stores to learn how to compete with Wal-Mart’s 4,700 locations.
But Wal-Mart may be ready. It has cut prices, improved fresh food and meat offerings, modernized its grocery aisles, and expanded its online grocery pickup service. It also ventured into Amazon’s territory when it bought online retailer Jet.com last year.
24/7 Wall St. CEO Doug McIntyre:
(SOUNDBITE) DOUGLAS A. MCINTYRE, CEO, 24/7 WALL ST., LLC (ENGLISH) SAYING:
“You are now in a business here where all stops are out. These guys are now in a bloody, bloody, deadly battle. There are…
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