roughly $25 billion merger that could transform the US retail sector and affect how millions of consumers
AAZKANEWS
15 OCTOBER,2022
BY SRAVANTHI
private employers . finalized in 2024.They also operate close to 5,000 outlets and generate more than $200 billion in annual sales.
other industry titans. These businesses, together with bargain retailers like Dollar General (DG) and Aldi, warehouse clubs like Costco (COST), and internet grocer
"accelerates our position as a more compelling option to larger and non-union competitors."
Amazon's $13.7 billion purchase of Whole Foods in 2017. When measured by sales, the corporation would rise to the third-largest retail chain in America.
A new round of industry-wide consolidation among smaller businesses vying for market share may also result from it.
A new round of industry-wide consolidation among smaller businesses vying for market share may also result from it.