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
- As Seattleites and their money flow south, Tacoma residents grapple with changing neighborhoods
- Amazon has 37,000 job listings — maybe its most ever
- FAA faces dilemma over 737 MAX wiring flaw that Boeing missed
- Tesla repeatedly veered toward spot where engineer later crashed and died, investigators say
- 5 home improvements that may not pay off when you sell
• 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