Amazon Slashes Whole Foods Prices As Much As 43%, Channel Checks Reveal
by Tyler Durden
ZeroHedge.com
Aug 28, 2017
Following up on last week’s story that sent grocer – and Wal-mart – stocks tumbling, when Amazon annonced it would cut Whole Foods prices as soon as Monday, Bloomberg reports that according to channel checks, “Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market” by as much as 43%.
Some early examples observed at the Whole Foods store on 57th Street in Manhattan:
organic fuji apples were marked down to $1.99 a pound from $3.49 a pound;
organic avocados went to $1.99 each from $2.79;
organic rotisserie chicken fell to $9.99 each from $13.99;
banana prices were slashed to 49 cents per pound from 79 cents.
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