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Based Jeff Bezos cutting prices at Whole Paycheck
Posted on 8/24/17 at 1:47 pm
Posted on 8/24/17 at 1:47 pm
LINK
quote:
Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods Market Inc.
The company said it will begin slashing prices on a broad cross section of Whole Foods groceries Monday -- the same day the $13.7 billion deal is set to close. That will start with items such as chicken, eggs, some vegetables, and some types of organic fish. Amazon reeled off a long list of other plans to combine its leading e-commerce and delivery assets with the physical locations of Whole Foods stores.
...
The moves by Amazon inflame an already raging price war in U.S. groceries -- a sector known for razor-thin profit margins. German discount grocers like Lidl and Aldi are expanding in the U.S. and Wal-Mart Stores Inc. has been investing in more discounts too. Low prices are familiar terrain for Amazon, which has operated with little profitability for more than a decade.
Shares of grocery-store chains fell on the announcements. Kroger Co. declined as much as 2.4 percent while Sprouts Farmers Market Inc. sank 2.5 percent. Wal-Mart Stores Inc., which sells the most groceries in the U.S., also dropped 0.8 percent.
Amazon will also begin selling Whole Foods branded products, including those that are part of the 365 brand, via its website, and through fast delivery services like AmazonFresh, PrimeNow, and Prime Pantry, the company said. Beyond price cuts and increased distribution, Amazon Prime will become Whole Foods’ customer rewards program, allowing shoppers to rack up Amazon rewards when they purchase pasture-raised eggs, organic milk and kombucha.
Posted on 8/24/17 at 1:48 pm to Iosh
quote:
Beyond price cuts and increased distribution, Amazon Prime will become Whole Foods’ customer rewards program, allowing shoppers to rack up Amazon rewards when they purchase pasture-raised eggs, organic milk and kombucha.
Posted on 8/24/17 at 1:49 pm to Iosh
Sounds like it will become wal mart. No thanks.
Posted on 8/24/17 at 1:51 pm to Iosh
This is disgusting and will crush retail grocery and harm foodservice distribution, both multi multi billion dollar industries that employ millions of people.
It's not worth it and Trump administration should not allow this acquisition to go through.
It's not worth it and Trump administration should not allow this acquisition to go through.
Posted on 8/24/17 at 1:51 pm to Iosh
Bezos' overarching policy is "an obsession with our customers". This comes as no surprise.
Posted on 8/24/17 at 1:51 pm to Iosh
What about prices on Never Trump gear? would like to get a few things for the tailgate.
Posted on 8/24/17 at 1:55 pm to Iosh
I wish they'd deliver their pizzas from the hot bar.
Posted on 8/24/17 at 1:55 pm to Iosh
Won't people just flood to this store, forcing them to raise prices?
The grocery market is as close to a perfectly competitive market as there is.
Can whole foods cut prices and not deal with a flood of new customers bidding up the prices?
The grocery market is as close to a perfectly competitive market as there is.
Can whole foods cut prices and not deal with a flood of new customers bidding up the prices?
Posted on 8/24/17 at 1:56 pm to Iosh
Good for people who are into gluten free, organic, free range Kombucha, I guess.
Whole Foods can't hold a candle to HEB, though.
Whole Foods can't hold a candle to HEB, though.
Posted on 8/24/17 at 1:56 pm to SirWinston
You love you some big government nanny state interfering with capitalism, don't you?
This isn't globalism; this is innovation. Are you beta figs going to cry to your daddy Trump to stop innovation as well?
This isn't globalism; this is innovation. Are you beta figs going to cry to your daddy Trump to stop innovation as well?
Posted on 8/24/17 at 1:58 pm to boosiebadazz
quote:I welcome the lower prices, but what is going to happen when there's a huge increase in the amount of people trying to buy stuff from WF?
This isn't globalism; this is innovation.
The only way this is a long term positive thing is if the price cutting forces other stores to cut their prices as well.
How is that going to happen in an industry where profit margins are already razor thin?
Posted on 8/24/17 at 1:59 pm to HailHailtoMichigan!
quote:WF had decent logistics for its niche but Amazon is second-to-none. I'm pretty confident they can lower costs substantially while keeping/improving margins.
Won't people just flood to this store, forcing them to raise prices?
This post was edited on 8/24/17 at 2:00 pm
Posted on 8/24/17 at 1:59 pm to HailHailtoMichigan!
quote:
How is that going to happen in an industry where profit margins are already razor thin?
Get smarter or die off
Posted on 8/24/17 at 2:00 pm to SirWinston
What happened to small government with no regulation?
Posted on 8/24/17 at 2:01 pm to Iosh
Kind of always thought the term whole paycheck was silly. If you are going to pay a premium for something splurging on fuel for your body is something that makes more sense than most things.
Posted on 8/24/17 at 2:02 pm to BeeFense5
quote:yeah I don't think he understands the appeal of whole foods.
Sounds like it will become wal mart
when whatever nonsense drops in price and shopping at whole foods is no longer a statement about one's self, then the brand is changed.
Posted on 8/24/17 at 2:02 pm to Iosh
Whole Foods
So it will be $8 for 6 organic eggs instead of $12?
So it will be $8 for 6 organic eggs instead of $12?
Posted on 8/24/17 at 2:02 pm to CrazyCow202
I'm not a pure free market capitalist. If I was I wouldn't have supported Trump so enthusiastically.
Capitalism over 100 years is similar to a game of "Monopoly". Once the eventual "winners" cross the rubicon, the game is unlosable and the gap between them and the "losers" will exponentially widen.
There have to be rules and regulations; checks and balances to keep the game "playable" longer term for more people.
Capitalism over 100 years is similar to a game of "Monopoly". Once the eventual "winners" cross the rubicon, the game is unlosable and the gap between them and the "losers" will exponentially widen.
There have to be rules and regulations; checks and balances to keep the game "playable" longer term for more people.
This post was edited on 8/24/17 at 2:04 pm
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