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June 28, 2017

‘Bye bye Bonobos': When brands get sold

  • Shoppers often don't like it when their favorite brand gets sold: 43% of Whole Foods' most loyal shoppers say the Amazon deal is a bad idea.
    • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Some shoppers are fretting about big companies they don't like taking over their favorite brands.

    The latest: Amazon's move to purchase Whole Foods has spurred worries about a decline in quality and ethical standards, or that the store will become like other supermarkets. Walmart's purchase of clothing labels ModCloth and Bonobos has some shoppers anxious that the world's largest retailer will cheapen the quality of the clothes, or they're vowing not to buy the brand again because they don't want to support Walmart.


     
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