Tag: food pricing

Spanish hegemony in organic greenhouse vegetables | Fresh Plaza

Spanish hegemony in organic greenhouse vegetables | Fresh Plaza

“Price-wise, growing is much more efficient in Spain,” Job mentions. “When push comes to shove, price is of overriding importance more often than the country of origin for large retailers, except for local organic shops.” Job emphasises that, as long as the quality of the Spanish product isn’t inferior to the Dutch, Spain will quickly […]

Amazon Whole Foods Price Cuts Increased Foot Traffic | Refinery29

Amazon Whole Foods Price Cuts Increased Foot Traffic | Refinery29

Amazon’s plan to make Whole Foods more affordable is working. According to Business Insider, the supermarket chain that was once maligned for its high prices saw a 25% increase in foot traffic after prices were slashed last month. Some cities, like Chicago, saw an even greater increase of 35%. Food & Wine reports that Foursquare […]

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

How supermarkets use particle physics to save thousands of tonnes of food waste | The Independent

Blue Yonder’s algorithm breaks down decisions to the finest grain possible, the Professor says, so that supermarkets can cut waste while also ensuring they don’t run out of stock. However, there is always a trade-off between the two and ultimately the supermarket makes the final decision. Blue Yonder can also change the prices of items […]

Change in Whole Foods’ Pricing Strategy Starts to Impact Grocers | Market Realist

Change in Whole Foods’ Pricing Strategy Starts to Impact Grocers | Market Realist

How Amazon is threatening grocers Amazon (AMZN) announced the acquisition of premium organic and natural food retailer Whole Foods Market on June 16, 2017. The deal sent tremors across the food retail sector on fears that Amazon would end up disrupting the grocery business in the same way it has dislocated books and electronics. The […]

Target cuts prices on groceries and other consumables | Food Dive

Target cuts prices on groceries and other consumables | Food Dive

Target’s announcement came the same day Kroger reported a 7% drop in profit thanks to its own sweeping price cuts. As with the Cincinnati-based grocer, Wall Street dinged Target for the measure, which is sure to eat into the retailer’s gross margins, but stands to boost its market share. Many analysts view sweeping price cuts […]

Target to slash prices on thousands of items, sending shares tumbling | CNBC

Target to slash prices on thousands of items, sending shares tumbling | CNBC

The cuts will be on items including cereal, paper towels, baby formula, razors and bath tissue, Target said. And the news comes just days after Amazon started cutting prices at Whole Foods’ stores across America. Target shares were trading around 3 percent lower Friday afternoon on the announcement. “We want our guests to feel a […]

Grocery Prices Are Low—But You May Not Have Noticed | Food & Wine

Grocery Prices Are Low—But You May Not Have Noticed | Food & Wine

Despite what you may think when you see your weekly grocery bill, grocery prices are low—and not just because Amazon dropped prices at Whole Foods. In fact, we’re currently in the midst of the longest deflation period for groceries since the 1950s, NPR reports. Eggs, dairy, and beef prices plunged in 2016 and well into 2017. […]

Amazon wastes no time in trying to destroy the supermarket retailers — FreightWaves

Amazon wastes no time in trying to destroy the supermarket retailers — FreightWaves

Amazon is repeating a strategy that has worked for them in the past to pummel their competition and the customer always wins. According to a report in the Wall Street Journal, former Amazon executive in charge of performance evaluation and policy enforcement, Chris McCabe stated, “Amazon’s using the same playbook they always have when competing […]

Organic grocer adopts aggressive pricing strategy | The Western Producer

Organic grocer adopts aggressive pricing strategy | The Western Producer

Cutting prices is core to Whole Foods new strategy. “By working together with Amazon… we can lower prices and double down on that mission and reach more people with Whole Foods Market’s high-quality, natural and organic food,’ said John Mackey, Whole Foods Market chief executive officer, in a statement. Western Canada is a major producer […]

Amazon and Whole Foods – what happens once the honeymoon is over? | diginomica

Amazon and Whole Foods – what happens once the honeymoon is over? | diginomica

For Amazon  to successfully pull off its Whole Foods acquisition, it could end up using the power of digital technology to personalize the in-store customer experience like no other retailer can today. Indeed, since closing the $13.7 billion purchase earlier this week, Amazon has already introduced a number of important changes to the ailing upmarket […]