These Are the Stores Losing Traffic to Whole Foods
On Aug. 28, Amazon.com (NASDAQ: AMZN) officially took possession of Whole Foods Market. Then it planted its flag by immediately slashing prices on consumer staples such as bananas, avocados, salmon, eggs, apples, and kale.
Image source: Whole Foods.
As most investors probably know by now, grocery store stocks sold off hard in response and remain depressed, though general retailers Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) have rebounded recently. Investors just aren't willing to pay the same multiples they once were in a pre-Amazon/Whole Foods era.
Source: Fool.com
Walmart Inc. Stock
€56.13
-0.320%
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With a target price of 165 € there is potential for a 193.96% increase which would mean more than doubling the current price of 56.13 € for Walmart Inc..
