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As expected, the Amazon-Whole Foods deal is causing havoc in the grocery industry

A car drives past an AmazonFresh Pickup location on June 16, 2017 in Seattle, Washington.
David Ryder / Stringer
A car drives past an AmazonFresh Pickup location on June 16, 2017 in Seattle, Washington.

When Amazon announced its acquisition of Whole Foods back in June, the expectation was that the deal would cause major disruptions to the grocery industry.

When Amazon announced its acquisition of Whole Foods back in June, the expectation was that the deal would cause major disruptions to the grocery industry.

The $14-billion purchase is expected to close Monday. In anticipation of the deal’s finalization, Amazon announced yesterday that it plans to lower prices on a number of items at Whole Foods, as well as offers Amazon Prime members a discount.

The news quickly translated to a stock-price hit for a number of grocers, including Costco and Kroger, erasing some $12 billion in market value from these companies.

Guests:

Phil Lempert, a supermarket and consumer behavior expert with the Santa Monica-based market retail firm SupermarketGuru.com; he tweets 

Burt P. Flickinger, III, managing director of Strategic Resource Group, a consumer industry consulting firm in New York; he tweets 

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