Amazon Shops Locally, But Spreads Fear Globally – Wall Street Journal (subscription)
Amazon is coming to get you no matter where you are. From London to Sydney, investors have interpreted the technology giantâ€™s $13.7 billion acquisition of Whole Foods as a warning shot to local grocers. Yet a more bullish interpretation is also possible: Amazon is coming to buy you.
For a deal centered on 430-some stores based mostly in the U.S., Amazonâ€™s bid for Whole Foods has spread collateral damage surprisingly far. Shares in Australiaâ€™s Woolworths fell 3.5% Mondayâ€”the first day investors had to respond to Fridayâ€™s…
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