Similar Stories to Is The Digital Economy Going To Eat Grocery Stores? on Bing News

The Week - Tech, The Week: Tech
Thu, 11/16/2017 - 4:00am

The e-conomy has effectively killed — or severely maimed — video stores, department stores, and bookstores. Is it coming for grocery stores next? If you're reading the (organic, locally sourced) tea leaves, Amazon's acquisition of Whole Foods this past summer doesn't bode well. The e-conomy giant, responsible more or less for swallowing up the business of bookselling, bought the supermarket chain in June for $13.7 billion, marking its latest effort to get a handle on the food delivery business, which has largely remained elusive to the e-conomy. But, as Ben Conwell, C&W senior managing director of the Americas, pointed out to Forbes a few months ago, Amazon didn't just buy Whole Foods' brand — it bought all of Whole Foods' existing brick-and-mortar stores, too.

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