This Walmart Move Tells Amazon Grocery Won’t Be Easy

Amazon (AMZN) has dominated many aspects of the retail industry, and it’s now looking to dominate the food sector as well. Its $13.7 billion acquisition of Whole Foods last year clearly revealed its interest in growing its scale in the food business, a retail segment that’s largely controlled by traditional retailers such as Walmart (WMT), Costco (COST), Kroger (KR), and Target (TGT). In a move that’s been viewed as designed to tackle Amazon’s growing threat in the grocery sector, Walmart recently named a grocery industry veteran to lead its Jet unit.