Amazon cuts prices at Whole Foods by up to 43 percent on first day
Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market.
At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken fell to $9.99 each from $13.99; and banana prices were slashed to 49 cents per pound from 79 cents.
Amazon acquired the upscale supermarket chain for $13.7 billion, sending competitors such as Kroger, Costco and Wal-Mart reeling. Whole Foods earned a reputation for high prices, getting the nickname Whole Paycheck.
Shares of Kroger fell as much as 2 percent in early trading on Monday.
wholefoods-bg
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.