Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.
The tech giant’s $13.7 billion purchase of Whole Foods has sent shock waves through the already changing $800 billion supermarket industry.
“Amazon has demonstrated that it is willing to invest to dominate the categories that it decides to compete in.
How Amazon’s Price Cuts May Not Solve Whole Foods’ Problems: Gadfly.
The marked-down items had orange signs reading “Whole Foods + Amazon.”
Katie Bennett, 24, was one of many customers who said she hoped Amazon would offer delivery of Whole Foods items.
“Goodbye, Whole Foods as we know it,” Karen Short, an analyst at Barclays Capital Inc. in New York, said in a note. »
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