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Amazon Just Made Shopping at Whole Foods Cheaper (businessinsider.com)

Posted by msmash on from the amazonization dept.

Whole Foods just got less expensive. From a report: On Monday, the day that Amazon's $13.7 billion acquisition of the grocer went through, prices on certain Whole Foods items immediately dropped. On Friday, Business Insider visited a Whole Foods location in the Gowanus neighborhood of Brooklyn, New York, and checked the prices on 15 items (including a few variations on similar items) mentioned by the companies. The total cost of the basket on Friday -- pre-acquisition -- was $97.76. On Monday, we returned to the Gowanus Whole Foods and checked back in on the same items. This time, the total cost of the 15 items was $75.85. That's a nearly 23% drop in the total cost. Whole Trade Banana: 30 cents (Price dropped to $0.49 a pound from $0.79). Lean Ground Beef: $2 (Price dropped to $4.99 a pound from $6.99). Local Grass-Fed 85% Lean Ground Beef: $4 (Price dropped to $6.99 a pound from $10.99). Four-pack of Organic Avocado: $0 (Price stayed at $6.99 for a pack of four). Hass Avocados: $1.01 (Price dropped to $1.49 each from $2.50) for instance.

4 of 248 comments (clear)

  1. That's impressive by Trailer+Trash · · Score: 5, Interesting

    They're now within one order of magnitude of the prices at Publix.

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    Do you have ESP?
  2. Re:Lower prices, at first. by Anonymous Coward · · Score: 2, Interesting

    You are way off base here. That is capitalism and free market competition. It's the way it's *supposed* to work. It sounds like we have a passive-agressive socialist here...

  3. Re:Destructive fascist capitalism by rock_climbing_guy · · Score: 1, Interesting

    You mean that capitalist organization that runs the Washington Post that campaigned so hard to elect Hillary Clinton as POTUS?

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    Wh47 d1d j00 541, 31337 15n't t3h r0xor5 ne m0r3???
  4. Re:Lower prices, at first. by hughbar · · Score: 3, Interesting

    Not really, Amazon is really big and very 'horizontal', so there may be abuse of dominant position issues (see second bullet point) starting to appear. Of course, I'm a European so very nearly a socialist by definition, even if right-wing.

    Also, I'm expecting (fearing) that all the data and computing fire-power will be used for surge pricing, sooner or later. The stockholders would love it.

    They hardly pay taxes where I live, but they do use all our infrastructure, our legal system, benefit from policing etc. etc. so, like Starbucks and the others, they're not my favourite company.

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    On y va, qui mal y pense!