‘There`s A Darwinian Process Going On’: Local Grocers Wilting As Amazon Ramps Up

The bankruptcy of Fairway Market signaled the end of an era for a New York City retail fixture. In an ultra-competitive food and beverage environment that is only getting harsher, it showed just how challenging it will be this decade for local grocers to survive.

“Unless they`re owned by a very wealthy parent company … They are all eligible to die,” John Catsimatidis, who owns the Gristedes supermarket chain, said of smaller grocery stores in the city. “You can`t compete with Amazon giving away money.”...

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RSK: I am a firm believer in Darwinism myself. But this will come around and go around as everything else does...just in a different format.