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Amazon rises on Whole Foods expansion report:Giant looks to add shops amid customer growth

Jan 01, 2019 - The Boston Globe

Amazon has pushed to expand in the $840 billion grocery business since it bought Whole Foods for $13.7 billion in 2017.

Amazon.com shares rose Monday after a report said the company plans to expand its Whole Foods grocery stores in the United States.

The stock climbed 1.62 percent to close at $1,501.97 on the Nasdaq.

The e-commerce giant aims to add locations to suburbs and other areas where the organic grocer is adding more customers since it was bought by Amazon last year, ac...