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Amazon's Whole Foods Price Cuts Brought 25 Percent Jump In Shoppers (bloomberg.com)
According to Foursquare Labs, which compiled location information from shoppers' mobile devices during the first two days after Amazon completed its acquisition of Whole Foods and compared the data with the same period a week earlier, the electronic commerce company boosted customer traffic to Whole Foods by 25 percent. Bloomberg reports: Amazon acquired the upscale chain last month for $13.7 billion, a move that has brought turmoil to the supermarket industry and sent shares of grocery rivals tumbling. The same day it completed the acquisition, the e-commerce giant cut prices by as much as 43 percent on a range of items. Organic fuji apples were marked down to $1.99 a pound from $3.49 a pound, for instance. Organic avocados dropped to $1.99 each from $2.79. The traffic data is an optimistic sign that Amazon can succeed in the brick-and-mortar world. In some areas, the jump in customers was dramatic. At stores in Chicago, 35 percent more shoppers visited Whole Foods stores, Foursquare found. It's not surprising that curious shoppers visited the stores immediately after the takeover, particularly after a bevy of media coverage, according to Jennifer Bartashus, an analyst at Bloomberg Intelligence. What's left to be seen is whether they will start consistently shopping more at Whole Foods stores.
"Organic fuji apples were marked down to $1.99 a pound from $3.49 a pound, for instance."
No.
Organic fuji apples were marked down from $3.49 to $1.99 a pound, for instance.
FTFY
Come to S. Florida. There's avocado trees everywhere
Don't forget to bring your snorkel.
They have a trick: their volume goes to 11.
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More likely, it's "Here's this list of items we're cutting prices on. The most we're cutting any single item's price by is 43%. Most everything else is getting a small price reduction. Let's lead with the 43%."
Mr. Hu is not a ninja.
It's worse than that.
People shopped at Whole Foods because they wanted extra hoidy-toidy $3.49 organic apples. If Amazon is selling plain apples that any common person can afford there's no reason to shop there anymore.
The success of such marketing would undoubtedly shrink expenses and allow lower pricing to achieve the same margins... at least until dominant market share is achieved.
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Ernest Hemingway
People shopped at Whole Foods because they wanted organic apples.
FTFY?
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How many of those people were just checking out what actually changed prices? Let me know those numbers again in a few months, then I'll be impressed.
-Unresolved symbol? Byte me!
Now Amazon Robotics, was founded by former Webvan employees. Webvan failed because it could not get food to customers before it rotted. The plan was to build miles and miles of conveyor belts. The founders of Kiva Systems learned from those mistakes and built a better way.
Amazon's move to buy Whole Foods means the technology is now mature enough to lay waste to established grocery market players. Think this is an exaggeration? Make sure you check out some Kiva robots in action before coming to that conclusion.
Sdelat' Ameriku velikoy Snova!
Well, now there are.
How from the summary did you get they switched apples? It said pretty plainly they are still the organic apples, just reduced in price... it's not like Whole Foods has switched to selling non-organic apples (which would be plastic and rebar, presumably).
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Reduced prices*
*only on the limes at the bottom
Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
"curiosity" shoppers most likely. I'd prefer to wait a couple months to see if it lasts.
How from the summary did you get they switched apples? It said pretty plainly they are still the organic apples, just reduced in price... it's not like Whole Foods has switched to selling non-organic apples (which would be plastic and rebar, presumably).
Not plastic.
Plastic is organic.
> People shopped at Whole Foods because they wanted organic apples.
You never needed to go to Whole Foods for organic apples.
A Pirate and a Puritan look the same on a balance sheet.
No one forces you to work for ANYONE. I know several VERY WELL OFF people, that from their teens through mid 50's, worked for "Walmart". Didn't make much working there, but RETIRED very well off in their mid 50's. Sometimes, you work for little, but make it up on the back end. That is, if you are smart and invest properly.
I went over to Whole Foods to check out not the prices (which haven't changed that much) but the Amazon Echo/Dot display. I heard a rumor that Amazon took their entire inventory offline to stock Whole Food stores with towering pyramids of Echos and Dots for shoppers to worship Alexa. Not at my local store. They had a small table tucked off to the side of the entrance. I then went over to the Amazon Bookstore and their Echo/Dot display was even smaller. So much for a flagship product.
How about single piece aluminum chassis apples?
or, in your case, playing pinball: A video to help you.
The point being, doesn't Whole Foods have more organic/etc stuff than regular grocery stores?
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There's no such thing as "12".
It goes 1, 10, 11, 100, 101, 110, 111, 1000, etc.
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What is "organic food" anyway?
As in, how is the term legally defined?
An enigma, wrapped in a riddle, shrouded in bacon and cheese
It's clear that lower prices bring more shoppers, but then so does hyping a brand all over the media. Assuming that the 25% increase is correct (I didn't RTFA) attributing that exclusively to lower prices is probably unsupported by the evidence.
By the USDA?
First of all, those are Dominican avocados, not Florida avocados. Secondly, hass ("Mexican") avocados are healthier than the deficient "Florida" variety. And thirdly, so-called "Florida" avocados are a culinary disaster. I'm really sorry you live in avocado ignorance and that ignorance is too great for you to know what a good avocado is supposed to taste like.
I recently read an article in which they picked five common household items and checked Whole Food's prices against five local stores; only one of the local grocery chains came to a higher total. So in other words there is no price war happening.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
That would be WHO, but not HOW.
An enigma, wrapped in a riddle, shrouded in bacon and cheese
streetcorner produce stands infront of the verry fields they grew fromComplete your sentences much?
More stuff that's labelled as "organic"? Probably, although the grocery stores around me have a pretty good selection. But the real point is that shopping at Whole Foods is like buying designer label clothes.
To many people, if the price is lower it isn't the same.
Cheap storage VM.
Obviously food that contains carbon.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Come to S. Florida. There's avocado trees everywhere
Don't forget to bring your snorkel.
You'll need a dredge if you plan to harvest avocados in this season.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
So Foursquare doesn't even try to hide the fact that they record their users' every move? This is a really disturbing precedent. Why would anyone allow them to do that? Is Foursquare paying them for this valuable marketing data? This is just insanity to me.
But the closest one is in CtPaTown. Unfortunately I live in SoDoSoPa. I would have to drive 30 miles to get to CtPaTown and it's just not worth it.
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It's ALL ones and zeroes, you innumerate clod.
https://www.buzzfeed.com/kevin...
They have a list of criteria. If you meet all of the criteria (and I'm sure pay some "small" administrative and logo licensing fees) then you get certified.
There's been occasional blowback because their criteria doesn't always match the intuitive sense of the word "organic" that has built up in the public conscience over the past couple of decades, particularly with respect to the list of allowed pesticides and other chemicals. You can read the regulations here if you want.
They all taste like ass. :-P
20 January 2017: the End of an Error.
https://www.youtube.com/watch?...
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You did if you wanted varieties the average grocery store didn't carry. Whole foods has a LOT of produce that you can't generally get at the typical grocery. It's also higher quality. You don't see bins of peppers where the produce manager has left the rotting peppers in the bin with the good ones in the hope that someone will buy them.
"Oh my God. This is terrible. This is the end of my Presidency. I'm fucked."; ~ Donald J. Trump
I would say it depends. There are some items at Wholes Foods that I can't find elsewhere. So I'll buy those there.
If you're doing your basic shopping at Whole Foods, well, you may be paying too much. I don't shop there often enough to have done thorough comparisons on product/price.
"Nothing shocks me. I'm a scientist." -Indiana Jones