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WMT Wal-Mart Stores
74.84 -0.68 (-0.90 %)
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The news comes amid growing speculation that another company will try to outbid Amazon for the grocery chain, with Walmart repeatedly cited as a top contender.
But that speculation has been wildly off base, according to some analysts.
Here’s why: Walmart doesn’t need to buy Whole Foods to dominate the grocery market. It’s already the top grocery chain in the US by a long-shot, with 21% market share, compared to…