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New Retail Becoming a Reality (CES)

• On June 16, Amazon announced its plan
to acquire Whole Foods for $13.7 billion
in cash.
• Amazon closed the acquisition on
August 28, and Amazon electronics
were available in Whole Foods stores
that same day.
• Amazon reduced prices on some items
by as much as 43% on the day of deal
closing and again on November 15.

Disruption in Eyewear

The global eyewear market, which includes spectacles, sunglasses and contact lenses, was valued at $121 billion in 2016. This market is forecast to grow at a compound annual growth rate (CAGR) of 2.4% to reach $136 billion by 2021, according to data from Euromonitor.