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
- Tacoma's housing market is now the hottest in U.S. — and Seattle knows why
- FAA will move first to approve the Boeing 737 MAX to fly again, possibly within weeks
- SpaceX launches 60 Redmond-built satellites for space-based broadband network
- CEOs get $800,000 pay raise, leaving workers further behind
- Top executive at Boeing’s troubled South Carolina plant is out
• 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