Tag: Grocery Pricing

Amazon Cuts Whole Foods Prices as Much as 43% on First Day | Bloomberg

Amazon Cuts Whole Foods Prices as Much as 43% on First Day | Bloomberg

“Price was the largest barrier to Whole Foods’ customers,” said Mark Baum, a senior vice president at the Food Marketing Institute, an industry group. “Amazon has demonstrated that it is willing to invest to dominate the categories that it decides to compete in. Food retailers of all sizes need to look really hard at their […]

Avocados among first Whole Foods products to get cheaper | Daily Mail Online

Avocados among first Whole Foods products to get cheaper | Daily Mail Online

Avocados, bananas, eggs and organic butter are among food products that will be made cheaper at Whole Foods on Monday in the first wave of price cuts by new owner Amazon. While it’s not yet been made clear exactly how much prices will drop, health fanatics will see a reduction in their favorite grocery staples […]

Amazon’s grocery price cuts pressure rivals | The Ledger

Amazon’s grocery price cuts pressure rivals | The Ledger

A price war has raged in U.S. supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition […]

Data Sheet—Amazon’s Whole Foods Pricing Strategy Explained | Fortune.com

Data Sheet—Amazon’s Whole Foods Pricing Strategy Explained | Fortune.com

Ready, set, go public. Spotify signed a new deal with the third major record label, Warner Music, completing the triple play it needs before going public. Alongside earlier agreements with Universal Music Group and Sony Music Entertainment, the deal should help the streaming giant attain profitability sooner. How much is that phone in the window? […]

Whole Foods Prices Will Drop Significantly After Amazon Deal | Eater

Whole Foods Prices Will Drop Significantly After Amazon Deal | Eater

Whole Foods is about to lose its “Whole Paycheck” image thanks to one of this year’s biggest business deals: On June 16, Amazon announced it was buying Whole Foods for $13.7 billion. This week, Whole Foods shareholders voted to approve Amazon’s purchase price, the Federal Trade Commission confirmed it won’t block the deal, and the […]

Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic | Hormel Foods Corporation

Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic | Hormel Foods Corporation

“We generated record pre-tax earnings this quarter even as we faced record-high input costs for two of our primary raw materials, pork bellies and beef trim,” Snee said. “Nevertheless the results did not meet our expectations. Our team is working to mitigate the effects of volatile commodity markets through increased pricing, strategic promotional activity, and […]

Falling pound post-Brexit forces 260 job losses at Tonbridge firm Southern Salads | Kent News

Falling pound post-Brexit forces 260 job losses at Tonbridge firm Southern Salads | Kent News

Some 260 jobs have been lost at Kent food supplier Southern Salads after the Brexit-hit pound forced the company into administration. FRP Advisory has been appointed administrators of the Tonbridge-based firm, which will cease trading immediately, leaving hundreds of staff out of work. The family-run company operated for 30 years, weathering “competitive pricing pressures from […]

New-look Complan on shelves | Telegraph India

New-look Complan on shelves | Telegraph India

Kraft Heinz officials today said through a focussed pricing strategy, the company had been able to improve its market share at a time the industry was affected by the GST. “We did a study to understand the elasticity of different packs – how the prices move and impact the volume. Some of the learning from […]

Waste not, want not | The Kingston Whig-Standard

Waste not, want not | The Kingston Whig-Standard

One of the things I’ve been railing against lately is the growing number of “multi-buy” pricing strategies being used by Canadian supermarkets. These strategies include reduced prices when you buy two or more items, instead of offering discounts on single items. Nobody should be penalized for the “privilege” of purchasing one item. Multi-buy pricing puts […]

China’s ‘baijiu’ maker drinks to higher earnings | Nikkei Asian Review

China’s ‘baijiu’ maker drinks to higher earnings | Nikkei Asian Review

GUANGZHOU — Kweichow Moutai, the biggest producer of distilled Chinese liquor baijiu, is rapidly boosting earnings thanks to a strategic change toward targeting individual consumers. Kweichow, based in Guizhou Province, saw both sales and profit stagnate in 2014 and 2015 due to slower sales of baijiu, the most popular spirit in China, for entertaining bureaucrats […]