How are you shopping for groceries and might that change? Please take the Friday poll.
As Amazon buys Whole Foods for $13.7 billion, it’s either a game-changer or a huge risk that could go badly wrong. Blogger Matthew Yglesias waggishly tweeted this morning, “A big city daily newspaper, physical bookstores, a supermarket chain. Bezos’ futuristic vision is all coming together.”
Seriously, this is Amazon’s bid to become a major grocer, a cut-throat industry with razor-thin margins. It’s also a time of tectonic shifts in consumer behavior. On Thursday, Kroger said same-store sales dropped for the second straight quarter and tougher competition would lower its earnings forecast. Kroger shares took their biggest nosedive in 17 years.
But what about you? A couple of polls — and, as always, please add your thoughts to the comments section.
This Week’s Links:
Most Read Business Stories
- Amazon confirms Seattle-area warehouse employee has coronavirus
- Some landlords offer rent relief during coronavirus shutdown. Others — not so much.
- Trump orders GM to make ventilators for coronavirus fight after it agreed to produce them with Bothell's Ventec
- GM and Ventec relying on Woodinville supplier in venture to rapidly make more ventilators for coronavirus patients
- Trump administration backs off a deal for Bothell's Ventec and GM to produce 'up to 20,000' ventilators a month amid coronavirus crisis
• The eurozone must reform or die | Kenneth Rogoff
• Oregon recreational marijuana forecast | Josh Lehner
• Five reasons to doubt Yellen and the Fed’s wisdom | Larry Summers
• Is America encouraging the wrong kind of entrepreneurship? | Harvard Business Review
• We’re not even in Kansas anymore | Paul Krugman
• Life support for coal will make the U.S. an energy backwater | Noah Smith
Today’s Econ Haiku:
Are we at the peak
Or will growth keep on climbing?
It’s a long way down