Is This The Chart Jeff Bezos Was Looking At When Buying Whole Foods
@zerohedge -

Why did Jeff Bezos shock markets on an otherwise quiet Friday, with Amazon announcing it would acquire Whole Foods for $14 billion? The reason is because he wants to do to the grocery sector what he has already done to bricks and mortar retailers and discount stores, who as we have shown in the past are in a tailspin with a record number of store closures expected in 2017. And as the following chart from BofA shows, the grocery sector is already well on its way...

... to becoming the next...

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