Retailers Fight to Stay Relevant in the Wake of Amazon, Walmart Acquisitions
CRETECH
Staying alive in the competitive retail market requires innovation. That’s partially why online retail giant Amazon is diversifying with its recent Whole Foods acquisition. Amazon dropped $13.7 billion to grab a slice of the competitive grocery market. But they’re not the only company with a recent major acquisition. Walmart paid $310 million for men’s retailer Bonobos, the most recent in a string of online retail company purchases. These acquisitions by infamous brands increase the pressure to …