JPMORGAN: There's a chance Walmart will go head-to-head with Amazon to buy Whole Foods
- Grocery is its strongest advantage right now against Amazon, its top competitor. That moat is significantly diminished once Whole Foods is safely in Amazon's clutches.
- Walmart could leverage the distribution network of its roughly 4,000 locations to help expand Whole Foods' audience.
- Whole Foods would also fit nicely into Walmart's network of stores without overlapping too much, as their stores are concentrated in urban, high-income locations.