Amazon Is Slashing Whole Foods' Prices By 20 Percent On Hundreds of Items (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal: Amazon is planning to cut prices on hundreds of items at Whole Foods stores this week (Warning: source paywalled; alternative source), as the e-commerce giant seeks to change the chain's high-cost image amid intense competition among grocers. The price cuts affect more than 500 products and include a focus on produce and meat, according to documents viewed by The Wall Street Journal. The move comes after Whole Foods raised prices on select items in February, mostly consumer products, as suppliers increased their prices because of higher transport and ingredient costs.
The latest cuts -- which are set to drop at Whole Foods stores on Wednesday -- are some of the broadest since Amazon bought the grocer for nearly $14 billion in 2017. Prices will be reduced by an average of 20 percent on the selected items. The e-commerce giant has tried to extend its own reputation for low prices and convenience to Whole Foods, to counter a sense among some consumers that shopping there required a "Whole Paycheck." The discounts include more produce and meat products than the earlier cuts. The price of organic-rainbow carrots, for instance, will drop by $1, to $1.99, and the price of Black Forest ham will drop $3 a pound to $9.99. The companies also said Monday that Amazon Prime members would be able to save more than before at Whole Foods, with double the number of weekly Prime Member deals and deeper discounts. The report adds that the price cuts are expected to last at least through the end of the year.
The latest cuts -- which are set to drop at Whole Foods stores on Wednesday -- are some of the broadest since Amazon bought the grocer for nearly $14 billion in 2017. Prices will be reduced by an average of 20 percent on the selected items. The e-commerce giant has tried to extend its own reputation for low prices and convenience to Whole Foods, to counter a sense among some consumers that shopping there required a "Whole Paycheck." The discounts include more produce and meat products than the earlier cuts. The price of organic-rainbow carrots, for instance, will drop by $1, to $1.99, and the price of Black Forest ham will drop $3 a pound to $9.99. The companies also said Monday that Amazon Prime members would be able to save more than before at Whole Foods, with double the number of weekly Prime Member deals and deeper discounts. The report adds that the price cuts are expected to last at least through the end of the year.
Lower prices are better for everyone. Perhaps they can introduce more automation to reduce human resource costs, and drive better pricing for everyone.
>> price cuts affect more than 500 products and include a focus on produce and meat, ...after Whole Foods raised prices on select items in February
Er...thanks Slashdot. How about some adverts about "double coupon Wednesdays" at Food Lion while you're at it?
Whole Foods IS higher cost. You can argue that it's better or worth the cost and I even shop there from time to time but prices are what they are. $10 a pound for deli ham is still very expensive compared to even local butchers here and that same model is applied to nearly everything they sell. Whole Foods is a premium grocery which often just means expensive.
Actually they're raising prices by 20% on competing products for 100s of items.
Lol
and they'll actually be in line with what they should be charging.
We won't be able to call them "Whole Paycheck" anymore. Rats.
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
Some products get cheaper, some get more expensive. Happens all the time in any shop.
This smells like a commercial for Amazon, sneaked in as "news for nerds".
Even 140 characters is too much to contain the entire Amazon Whole Foods price cut story.
"Amazon will cut 500 items 20% in price April 2nd. Amazon bought Whole Foods in __ __" is well under 100 characters.
Most grocery chains use loss leaders to bring people into stores. Resetting the prices for meat and produce means people in the market for that will come in, and then they can put such items in places that have you pass by other items they haven't marked down "oh I need eggs, oh I need yogurt, oh I need a Prime Steak, since I get a 20 percent discount" and then you feel like you won, even though your bill isn't really that much lower.
Except people like me, who buy the cheap things in bulk and visit 2-5 stores a week on our way home, buying only the sale items at each venue. For most people the time element means they'll spend their whole paycheck there (hence the original nickname for Whole Foods, which is Whole Paycheck). Which is sub-optimal. It's also why you buy lottery tickets that return only 45 cents on the dollar. You think you win, but you don't. Buy raffle tickets instead.
-- Tigger warning: This post may contain tiggers! --
They have better quality fruits, veggies, and meat; the prices reflect that and more. But they also assumed they had better quality on everything else, and their prices reflected that as well. It might be well and good to charge 40% extra for 20% better steak, but not for Dole's canned pineapple.
Not to mention, when you got to things like the olive bars, they were way out of line. Charging 40% more for the olives, then another 40% for the labor to make the whatever, yeah. Tasty but, yeah.
Is good for nobody. How many BizX bucks were paid for this promotion?
Did they promise to feed BeauHD extra premium Purina rejects unsaleable for pet consumption but still delicious with these BizX bucks?
So they 'slash' prices on 500 out of what, 10,000 products? Hold on whilst I swoon.
Sorry, that won't convince me. Whole Foods, AKA "Whole Wallet" is an expensive place to shop no matter how much money you spend trying to convince me that it's not.
It isn't known as "Yuppie Central" for nothing. But hey, if you have more money than sense, shop there all day long.
Just cruising through this digital world at 33 1/3 rpm...
Slashdot, ads for nerds. Buys that matter.
Prices will be reduced by an average of 20 percent on the selected items.
It must have been something you assimilated. . . .
Quote from the story: "The report adds that the price cuts are expected to last at least through the end of the year."
I'm guessing that means that the prices will be sneakily raised later.
I've seen a lot of insufficient management on Amazon. There are many misleading items on Amazon. For example, this King Size 100% Cotton Sheet Set was advertised as costing $7.45. On Amazon it says "+ $11.55 shipping". The true cost with shipping is $19. The top reviews say that the sheets are not cotton.
Amazon bought "Whole" Foods and extended its business when Amazon managers are not managing the core business well.
all grocery stores slash prices a little on some items hoping you won't notice wal-mart has everything else cheaper
How about some referral links, or at least some coupons while you're at it?
Yay! Asparagus Water is only $6 now!
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
They really had a 20% margin to spare, or this is an April fool's joke?
I know its April Fools Day. But I think someone hit the wrong key. +20% sounds more like Whole Foods.
Is this like those furniture stores that will sell a dining table for $500 normal days. Then on holidays, they sell the same table as 50% off the 'MSRP' of $1500 for $750?
"The quality of life is determined by its activites."--Aristotle
Whole foods doesn't have the products I want.
Sprouts does.
Sprouts wins.
If Food Lion had a market value of a trillion dollars and you ordered everything with and app while sitting in a shoebox-sized studio apartment eating leftover avocado toast and reheated Starbucks (soon to be a division of Amazon), they would be interesting the way Amazon is. They're not, so they're irrelevant, and soon to fall into the ash heap of corporate history.
Oh, and as far as the price cuts are concerned, too, Happy April Fools!
How will I get my validation if my organic Veges are now somehow.......cheaper? NOoooooooO!
How about more bigoted classism against poor people? Because that worked out so well before.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
1) Amazon is being a partner to fraud! The item being sold is not the item being advertised. There are many, many items like that on Amazon.
2) It is unhealthy to engage in personal attacks, as you did.
Wait that is what they told everyone when the purchased them. Prices did go down for about a month but then they went right back to full price. So what makes us think the 2nd time will stick?
I bought TurboTax 2018 from Amazon. Then, I discovered that Amazon does NOT allow a direct download. It is necessary to download and install an Amazon program, and then use that to download what you have bought. So, Amazon has apparently arranged control over customer's computers!
I will ask the TurboTax company for the SHA-256 of TurboTax 2018.
In the future, I will be FAR more careful about buying from Amazon.
Under Amazon, Whole Foods prices were expected to decrease. Instead, they're rising. (Mar 1, 2019)
So, Amazon increased prices, and then decreased them, but reported only the decrease?
I have friend that runs a consumer wholefood business via online & mail order for nearly a decade, about three years ago he was enticed onto Amazon and received a lot of 'help' to set up an Amazon store. He did quite well for the first year and expanded his operation. Amazon started stocking his best selling lines and in at least one case signed a sole outlet agreement with the supplier of his best selling product line. They drove that suppliers own price down to their break-even point and they are now also struggling.
Amazon are a completely predatory and must be made to face anti-trust and racketeering laws.
So the 20% cut on Whole Foods prices means that items bought at Whole Foods now only cost 200% the prices at a regular supermarket. Hooray!
I used to go to Whole Foods regularly. But, since I don't shop at Amazon, I haven't gone since the acquisition. Luckily, we have a Fresh Market near us for all of the special things that Whole Foods had.
I don't respond to AC's.
I bought TurboTax 2018 from Amazon. Then, I discovered that Amazon does NOT allow a direct download. It is necessary to download and install an Amazon program, and then use that to download what you have bought. So, Amazon has apparently arranged control over customer's computers!
I will ask the TurboTax company for the SHA-256 of TurboTax 2018.
In the future, I will be FAR more careful about buying from Amazon.
Bullshit, I've always been able to directly download without using the Amazon Downloader, it's the little text link right at the bottom of the pop-up asking you to installed the Downloader. Worked as recently as last week getting some MP3 albums nor did I have to use the Downloader to get my tax software from Amazon either.
You said, "I've always been able to directly download without using the Amazon Downloader, it's the little text link right at the bottom of the pop-up asking you to installed the Downloader."
There is NO "little text link" in the Amazon web page. There was no "pop-up".
"Amazon has never failed to tell me how much I would have to pay..."
I should have emphasized the fact that the item advertised was not the item that was delivered 1st, not 2nd.
There are other abusive practices on Amazon web pages, in my experience.
Hey Elon. How about passing the savings on to people who actually need it.
I too was able to download TurboTax directly. I go to the software library and all my purchases have a download button. No intermediate installer was needed. I am on a Mac and maybe that is a difference.
N/T