Tag: lowering prices

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 […]

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 […]

Did U2 Drop its Kansas City Prices to Meet Lower Demand? | Ticket News

Did U2 Drop its Kansas City Prices to Meet Lower Demand? | Ticket News

I did a quick internet search and am surprised that no fans are complaining about the fact that U2 ticket prices were lowered sometime recently for upper level side seats from $100 each from the onsale back in June to $35 for similar seats that can be purchased today on Ticketmaster. I purchased 2 tickets […]

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 […]

J.Crew is falling apart, and right before New York Fashion Week | Fast Company

J.Crew is falling apart, and right before New York Fashion Week | Fast Company

More turbulence is afoot at J.Crew. In April, Jenna Lyons, the brand’s longtime creative director, suddenly announced her departure from the company. Somsack Sikhounmuong, who had been designing for J.Crew since 2001, would replace her. But right at the start of New York Fashion Week, Sikhounmuong has announced that he is also leaving the company. Business of […]

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 […]