Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B

Amazon scared investors away from competing grocery store today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all watched their share costs sink dramatically.

Amazons ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all assistance Whole Foods run circles around its old-fashioned rivals.

As of market close today, heres the grim country of the rest of the grocery industry 😛 TAGEND

Amazon: +2.44% to $987.71

Wal-Mart: -4. 65% to 75.24

Target: -5. 16% to $52.61

Costco: 7.19% to $167.11

Kroger: -9. 24% to $22.29

Dollar General: -3. 04% to $70.12

SuperValu: -1 4.48% to $3.22

Sprouts Market: -6. 29% to $21.01

Smart& Final Store: -1 8.75% to $9.10

Weis Markets: -4. 75% to $48.50

Ingles Marketplace: -3% to $33.95