Shares of Sprouts Farmers Market and other grocery stocks fell again Monday as Amazon.com rolled out price cuts at Whole Foods stores.
Sprouts fell nearly 10 percent, Supervalu lost more than 2 percent and Target fell 1 percent. Wal-Mart closed about three-fourths of a percent lower. Kroger trimmed losses to close 0.1 percent lower, while Costco recovered losses to close 0.07 percent higher.
The six stocks have erased nearly $12 billion from their combined market capitalization since Wednesday’s close, the day before Amazon announced it would complete its deal to buy Whole Foods Market on Monday and cut prices on many products, including bananas, organic avocados and organic Fuji apples.
