Amazon may finally be able to break into the grocery industry by purchasing Whole Foods for $13.7 billion. While Amazon already has a grocery delivery service, AmazonFresh, which it first launched about 10 years ago, it has struggled to grow in the supermarket business. Amazon excels at ecommerce and, for the most part, has been …
Tag: Grocery
When Exiting is the Best Growth Strategy
If your company’s organic growth has hit a plateau or is in decline, leaving the current market may be your best option. If the odds against your success are rising steadily, I strongly encourage you to think about divestment. After seven years, British supermarket chain Tesco is exiting the U.S. market. Tesco is selling its …
The Loblaw Companies to Acquire Shoppers Drug Mart
The trend of consolidation continues. Just one week after Kroger announced it would buy Harris Teeter, there’s another big deal in the grocery industry. Canada’s number one grocer, the Loblaw Companies, announced it would buy the top pharmacy chain, Shoppers Drug Mart, for $11.9 billion in cash and stock. It’s likely this acquisition is a direct …
Kroger Acquires Harris Teeter to Attract High-end Market
Big news from the grocery sector: Kroger will buy Harris Teeter for $2.5 billion following the trend of consolidation in the grocery industry. Earlier this year, Empire Ltd, the owner of Canadian grocery chain Sobeys, bought Safeway’s Canadian business for $5.7 billion in a “game changing” deal. As the supermarket industry becomes more competitive, companies …
