Amazon deal for Whole Foods sends retail stocks tumbling

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Amazon.com’s (Nasdaq: AMZN) aggressive plan to acquire Whole Foods Market Inc. (Nasdaq: WFM) in a deal valued at $13.7 billion sent major food and retail stocks tumbling June 16, a likely precursor to the disruption to come as Jeff Bezos turns his fortune toward the grocery sector. A wide range of grocery retailers and wholesalers were stung by the news, a slate of Blue Chip stocks that included such varied brands as SuperValu Inc. (NYSE: SVU) of Minneapolis, Sprouts Farmers Market Inc. (Nasdaq:…