Tag: price cuts

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

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

Digital transformation is all the rage. With few exceptions, every business now grapples with how the digital economy changes how things were done in the past. Traditional industries wonder worriedly how they’ll be able to keep up. Take note, then, that a master class on digital transformation is about to begin. Amazon announced Thursday that […]

What Amazon Knows: ‘The war for retail will be won in groceries’ | Money

What Amazon Knows: ‘The war for retail will be won in groceries’ | Money

With lower prices for higher quality goods, Amazon is posing a direct threat to America’s major supermarkets. The six largest food retailers, which had already taken a hit after the Whole Foods acquisition was announced in June, lost roughly $12 billion in value after Thursday’s announcement about the company’s intention to lower prices. That market […]

Grocery and the Need for Speed | Progressive Grocer

Grocery and the Need for Speed | Progressive Grocer

The future of grocery belongs to the fast. That’s arguably the biggest takeaway from Xcelerate Retail 2017, a technology conference held by Symphony Retail Solutions, a division of Symphony Technology Group, which took place Sept. 12-14 in Las Vegas. And while other essentials critical for success also were shared – from increased focus on customer-centricity […]

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 […]

1 Bizarre Excerpt From Fortune’s Interview With Apple CEO Tim Cook | The Motley Fool

1 Bizarre Excerpt From Fortune’s Interview With Apple CEO Tim Cook | The Motley Fool

Cook gets defensive on premium pricing and profits Lashinsky asks Cook about Apple’s strategy of making “premium-priced, high-margin, high-end products,” to which Cook responds: Well it’s not high margin. I wouldn’t use that word. There’s a lot of companies that have much higher margins. We price for the value of our products. And we try […]

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 […]

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 […]