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Amazon.com, Inc., the world's largest Internet-based retailer, said Friday it will acquire Whole Foods Market Inc

Jun 23, 2017

Amazon.com, Inc., the world's largest Internet-based retailer, said Friday it will acquire Whole Foods Market Inc., a supermarket chain featuring foods without artificial preservatives, colors, flavors, sweeteners and hydrogenated fats, at a total cost estimated to be 13.7 billion U.S. dollars.

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Amazon’s market cap nearly doubles that of Walmart, which is the largest retailer in the U.S., boasting revenue of $482 billion for fiscal 2016, compared with Amazon’s $136 billion. Walmart’s value comes out to $218.1 billion, while Costco’s is $73.8 billion and Target’s is $29.6 billion, according to Bloomberg. Macy’s and Kohl’s total $8.9 billion and $6.6 billion, respectively. The combined total for the five retailers is $337 billion, meaning Amazon eclipses them all by about $100 billion.

Now The world’s largest e-commerce company is finally going to embrace bricks and mortar.

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A number of online-only retailers have experimented with physical stores of late, showing the enduring value of brick-and-mortar locations. They include eyewear retailer Warby Parker, Bonobos, Birchbox, and Rent-the-Runway.

So even with the quick development of science and techology, physicla stores are still play very important in the marketing. As a result, the display racks are the same to supermarket and stores 


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