(Source: PhoenixBusinessJournal) By Mike Sunnucks
Amazon.com’s earth shaking grab of Whole Foods Market (Nasadq: WFM) has other grocery chains looking for dance partners.
One potential combination — and there many be speculated about — is Wal-Mart Stores (NYSE: WMT) and Phoenix-based Sprouts Farmers Market (Nasdaq: SFM).
That is according to TheStreet.com investment site and comes after multiple reports that Walmart won’t get in a bidding war with Amazon (Nasdaq: AMZN) for Whole Foods.
But that same analysis says Walmart — which has a regional headquarters in Phoenix — would also wait to see how Amazon navigates the Whole Food merger and meshes Jeff Bezos’ e-commerce empire and drone deliveries with grocery shopping.
TheStreet.com also points to the challenge Starbucks (Nasdaq: SBUX) has had with online orders at its coffee shops and wonders how much of challenge that would be for a week of groceries.
That could a big focus on delivery and Walmart and others such as Fry’s Food Stores owner Kroger (NYSE: KR) could wait and then copy the Amazon way.