TapForMobile

Amazon to cut prices on Whole Foods staples like eggs, beef


Amazon will make this plan a reality by changing the Prime membership program to the While Foods rewards program.

The opening round of cuts applies to what Wilke described as best-selling grocery staples, including Whole Trade organic bananas, responsibly-farmed salmon, organic large brown eggs, animal-welfare-rated 85 per cent lean ground beef, and more.

Modeled with its private-label 365 Everyday Value brand in mind, the grocery chain launched a store concept a year ago that is more affordable than the pricey Whole Foods model and aims to bring in more millennial shoppers.

Considering lower prices in flagship Whole Foods is going to be a reality, we aren't sure yet what this will mean for the recently-opened 365 Market, or even Amazon's new line of generic goods, Wickedly Prime.

The era of Whole Paycheck, the derisive nickname for Whole Foods, may be drawing to a close.


On Wednesday, the world's biggest retailer, Wal-Mart Stores and technology giant Google announced they were teaming up in a grocery delivery venture that was widely seen as a response to Amazon. Yet Amazon's announcement of immediate price reductions on groceries underscores how the company has managed to say on the right side of regulators.

An executive from Amazon known as Jeff Wilke said that the company is on a mission of making sure that people access organic and healthy foods. The release also emphasizes that the Whole Foods commitment to using local, natural, and organic farmers and products whenever possible will stay in place. The $13.7 billion deal is set to go through August 28, and if all goes as planned, Whole Foods shoppers will see some prices drop immediately, according to the Washington Post. By then, Amazon Prime could become a one-stop shop for all consumer needs, from groceries and clothes and home appliances to on-demand entertainment and concert tickets. Whole Foods, which started in Austin, Texas in 1980, operates 468 stores in North America and the United Kingdom.

In its press release about Amazon's plans to lower Whole Foods' prices, the company was sure to inform investors that these first price cuts are "just the beginning". "Everybody should be able to eat Whole Foods Market quality".

Meanwhile, select Whole Foods Market stores will offer Amazon Lockers.

John Mackey, co-founder and c.e.o. of Whole Foods, is to remain as c.e.o. following the takeover. Amazon Prime has shown to be successful financially for the Seattle based company and has created a customer base that is very loyal. SuperValu, with a network of 2,000 stores across the country, was down more than 6 percent, while Costco dipped about 5 percent.

Related Articles

  • Rocket League on Nintendo Switch Has Exclusive Content

    Rocket League on Nintendo Switch Has Exclusive Content

    Both cars also have specialized boosts, called "Super Star" for the Mario and Luigi NSR and "Wave Beam" for Samus' Gunship. Along with these comes a Metroid battle vehicle that is themed after Samus' gunship.
    Cops defensive over video of Sasikala 'walking out of jail'

    Cops defensive over video of Sasikala 'walking out of jail'

    This might complicate matters for Sasikala, who has also been accused of running the ruling faction of the AIADMK from prison. Sasikala was seen wearing a salwar and carrying a handbag, while Ilavarasi follows her, wearing a bright red saree.
    The AP Top 25 Poll

    The AP Top 25 Poll

    No. 12 Auburn will open the season against Georgia Southern on September 2 at 6:30 p.m. central time at Jordan-Hare Stadium. Alabama is No. 1 in the preseason Top 25, the first program in 12 years to take the top spot two years in a row.
  • New photos from the set of 'Avengers 4' emerge online

    New photos from the set of 'Avengers 4' emerge online

    The report started when Favreau posted a photo to his Twitter account with Paltrow and captioned it with "Infinity Trinity". By the looks of it, Tony may have gotten engaged to Pepper in the upcoming Infinity War or Avengers 4 .
    DoJ Narrows Warrant Seeking #DisruptJ20 Info From DreamHost

    DoJ Narrows Warrant Seeking #DisruptJ20 Info From DreamHost

    DreamHost's challenge, however, was met with a DOJ motion "asking for an order to compel DreamHost to produce the records". The issue will be decided Thursday, when Superior Court Chief Judge Robert Morin will rule on the DOJ's motion to compell.
    Brutal attack in Russian city kills 8 people, attacker shot by police

    Brutal attack in Russian city kills 8 people, attacker shot by police

    Surgut , with a population of about 320,000, is an oil- and gas-producing centre 2,100km (1,300 miles) north-east of Moscow. According to the committee, the attacker was killed by security forces, who had immediately arrived at the scene.
  • Man Arrested After Trying to Destroy Confederate Statue With Explosives

    Man Arrested After Trying to Destroy Confederate Statue With Explosives

    On November 8, 2016, the judge signed the order granting the motion for early termination of his term of supervised release. Federal authorities said one of two tubes on the devices contained nitgroglycerin and hexamethylene triperoxide diamine.
    Prosecutors: Men's Twisted Fantasies Led to Stabbing

    Prosecutors: Men's Twisted Fantasies Led to Stabbing

    He had been refused clearance by French authorities to work at the Institute Pasteur in Paris, according to the Chicago Tribune . As Cornell-Duranleau bled to death in the bedroom, Lathem and Warren showered and cleaned up the murder scene, prosecutors said.
    Tit for tat, Erdogan tells German Turks to vote against 'aggressive' parties

    Tit for tat, Erdogan tells German Turks to vote against 'aggressive' parties

    Berlin ultimately authorized its troops' withdrawal in June, relocating its troops and equipment to Jordan. Gulen has denied the accusations.
  • Voice shopping gets a boost with Wal-Mart partnership with Google Express

    Voice shopping gets a boost with Wal-Mart partnership with Google Express

    Walmart has announced a partnership with Google to offer customers voice-activated shopping through Google Assistant. And it now provides free shipping on all orders over a per-store minimum amount (usually $25 to $35).
    Unbelievable  video, photos show solar eclipse from space

    Unbelievable video, photos show solar eclipse from space

    They were unable to see a total view of the eclipse because the station did not pass through the moon's umbra, according to NASA . NASA photographer Bill Ingalls got the once-in-a-lifetime shots from Northern Cascades National Park in Washington earlier today.
    This Newborn Had Perfect Timing, So Her Parents Named Her Eclipse

    This Newborn Had Perfect Timing, So Her Parents Named Her Eclipse

    Most of the parents said they were going to save pictures and newspaper clippings of the eclipse for their babies' scrapbooks. She was due to give birth on September 3 but instead went into labour early and had her baby at Greenville Memorial Hospital.

Comments