After Amazon.com Inc completes its takeover of Whole Foods, it might launch another brand with different standards, the grocery chain's chief executive said in remarks reported in a securities filing on Monday.
Bonobos founder and CEO Andy Dunn will also join Walmart to oversee the retailer's digitally native vertical brands. The Bonobos acquisition is part of Walmart's plan to enhance its e-commerce presence.
First book stores and now grocery — Amazon's shock decision to buy upscale grocery chain Whole Foods delivered another dose of pain to US retail, which was already one of the most problematic sectors of the year so far.
Amazon.com Inc said on Friday it would buy U.S. grocer Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail sector.
Wal-Mart Stores Inc's online sales is likely to grow double than Amazon.com Inc during the back-to-school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said.
Sears Canada said on Tuesday it was exploring strategic alternatives including selling itself, and flagged doubts about its ability to continue as a going concern, following years of losses and declining sales.