Economy

Amazon's Price Cuts Created a 25% Bump in Whole Foods Foot Traffic

Amazon's Price Cuts Created a 25% Bump in Whole Foods Foot Traffic”

The first step Amazon (AMZN) took after completing its $13.5 billion acquisition of Whole Foods (WFM) last week was to slash grocery prices, and it has promised more price cuts in the future.

Whole Foods is getting a little busier, but it's unclear if it'll stay that way in the long term.Damian DovarganesIt seems like Amazon's efforts to get more shoppers through the door at Whole Foods was a success.

Business Insider reports that after the lower prices-as much as 43 percent lower for some products-went into effect, Whole Foods saw a 25 percent increase in customers.

Amazon has dropped prices at Whole Foods Kate Taylor
Amazon has dropped prices at Whole Foods Kate Taylor

The statistics, first reported by Bloomberg, were gathered by Foursquare Labs Inc. and assessed location data for the first two days after Amazon's purchase was finalized, and then compared to data from a week earlier. According to the Wall Street Journal, many Whole Foods employees mentioned that they have observed higher sales since the acquisition.

The data also illustrates that Amazon's move into the brick and mortar space has started off quite well. The company listed 2,000 of Whole Food's private-label products on the site, and nearly all of them sold out.



Like this

loading...
loading...

Latest


12 September 2017
Power outage update 6:45 am Monday
Gwinnett County police recommend that residents treat dead traffic lights as a 4-way stop, even on larger roads. Daily sports headlines from across Gwinnett County, including high school, professional and college news.

12 September 2017
Apple, Stanford testing if Apple Watch can detect heart problems
Cook also confirmed that Apple is "extremely interested" in healthcare, which he sees as a "business opportunity" for the company. People will be able to participate in the study with Stanford by downloading an app from the App Store, Williams said.

12 September 2017
WhatsApp testing new feature which allows users to delete sent texts
The Unsend function is expected to work on all types of messages, including text, images, videos, GIFs and documents. According to screenshots, a deleted message will be replaced with the phrase: "This message was deleted".

12 September 2017
Slack Learns a Few New Languages
About a year ago, the company had 4 million daily active users and had more than $100 million in annual recurring revenue. But it's still full of missives from people outside of our company who I work with for one reason or another.

12 September 2017
IT Smashes OZ Box Office Record For Horror Films
It also surpassed the entire domestic gross for fellow Warner Bris horror blockbuster The Conjuring 2 in just three days. Costing a very modest $35 million to produce, It has amassed nearly $200 million worldwide since Friday.

12 September 2017
Colorado man dies in southwest Kansas crash
Meanwhile a 2015 Chevrolet Malibu was heading north on K-15 when the motorcycle passed the tractor trailer in a no passing zone. A 43-year-old Auburn, Nebraska man has been killed in an accident involving his motorcycle and a auto , in Clay County, Kansas.

12 September 2017
Coffee Production Put At Risk By Two Of Its Main Contributors
This is not the first time that coffee production has been scrutinized by climate alarmists with dire predictions of future doom. Focus on maintaining habitats for wild bees in coffee-growing areas, especially those that are new due to climate change.

12 September 2017
Bell Pottinger's Middle Eastern division looks to separate from British parent
This was over the company's campaign for South Africa's Gupta family and the PRCA said it was likely to "inflame racial discord". The BDO staffer noted that a "number of redundancies " have been made following an assessment of BP's financial position.

12 September 2017
PewDiePie claims racial slur 'just slipped out' in apology video
The famous gamer took to YouTube and has apologized for using the racial slur, calling himself an idiot for doing so. PewDiePie , whose real name is Felix Kjellberg , acknowledged the previous controversy that surrounded him before.

12 September 2017
Hurricane Irma poses threat to nuclear power plants
The company has sent a "cavalry" of workers from across the Southeast to work on downed power lines and blown transformers. Scott said Saturday night that the outages expected to grow as Irma moves closer to the state.