Tag: lowering prices

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 […]

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 […]

Ford Struggles in China as Domestic Automakers Put Pricing Pressure | GuruFocus.com

Ford Struggles in China as Domestic Automakers Put Pricing Pressure | GuruFocus.com

Ford’s struggle in China continues as the company’s equity income from its two joint ventures in China dropped 34% in the second quarter of the year to $195 million. The company’s main challenge happens to be the domestic Chinese automakers that have started offering economical and competitive models using predatory pricing strategy in view of […]

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 […]

Express May Be Getting Back on Track | Bloomberg Gadfly

Express May Be Getting Back on Track | Bloomberg Gadfly

For several quarters, Express had been bemoaning that margins were being squeezed when it had to resort to promotions or markdowns to make sales. But this was a concerning excuse, because shoppers had been demanding a steady stream of these discounts for years now. If Express hadn’t reconsidered its pricing strategy accordingly, that suggested the […]

Inside Backstage, Macy’s off-price Hail Mary | Retail Dive

Inside Backstage, Macy’s off-price Hail Mary | Retail Dive

For frequent off-price shoppers, there’s nothing alien at all about the Backstage concept. The prices, layouts and assortment doesn’t differ that much from existing players. And that’s likely no accident. Off-price sellers have been on a hot streak for years as department stores contend with weak mall traffic, the expansion of e-commerce, changes in consumer […]