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Digital Subscriptions > Newsweek International > 7th July 2017 > RETAIL WAGGING THE DOG

RETAIL WAGGING THE DOG

To understand why Amazon bought Whole Foods, you need only look at how Bezos boxed out Walmart

DISRUPTIVE

RETAIL

THE CENTURY-LONG interplay between technology and retail suggests Walmart is screwed. Its efforts to morph into an online retailer by buying Bonobos and Jet.com will end up making the company seem like Michael Jordan playing baseball—what made it great at one thing doesn’t translate to another.

At the same time, Amazon is marching through the retail sector with the ruthlessness of General Sherman taking out Georgia, remaking shopping in its image. When the company said it will buy Whole Foods, we could imagine the combination resulting in futuristic drone-delivered Veganic Sprouted Ancient Maize Flakes, even though Amazon has said almost nothing about what it will do with the high-end grocer. (Please, at least introduce a new meat called Amazon Prime Rib.)

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CHOP AND CHANGE This week, we take a look at how scientists are altering our genetic code and engineering new forms of material that improve nature. Everything from flowers that can detect bombs to bacteria that secrete oil.
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