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WAR: AMAZON Clobbers Grocers With Price Cuts at WHOLE FOODS…

“The S&P 500 Food Retail index closed down almost 5 percent as more than $10 billion was wiped off the market value of big food sellers” writes Min Read for reuters.com. Amazon’s willingness to take lower profit margins ups the ante in the increasingly costly grocery price war.
 
Source: reuters.com



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