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


12 September 2017
Missouri Planned Parenthood clinic receives abortion license
An agency spokeswoman says licenses for clinics in Springfield and Joplin are still going through the formal review process. The announcement came after a judge overturned restrictions to the practice in the state of Missouri.

12 September 2017
Menopause hormones don't shorten lives, long follow-up says
Participants were aged 50 to 79 and past menopause, older than typical users, and took larger doses than now recommended. However, among women who initiated hormone therapy in their 60s and 70s, no effect on death rate was observed.

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
Mnuchin: 'Talented' Yellen in Running to Remain Fed Chair
Reappointing Ms Yellen, who initially took-on the role in 2014, is "one of the things [the president is] still considering", said Mnuchin.

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
Supreme Court Backs Broad Enforcement Of Travel Ban - For Now
Constitution and First Amendment by discriminating against Muslims, will be reviewed by the Supreme Court in October. The U.S. government can still "bar tens of thousands of refugees from entering the country", Hawaii's lawyers said.

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
Cuba says 10 died in Hurricane Irma
Evacuees were told to expect long lines and no running water when they arrived at the airport. Martin to bring aid and fend off criticism that he didn't do enough to respond to the storm.

12 September 2017
New £10 note: Experts urge to check for special serial numbers
The new £10 note is due to be released on 14 September, following on from the new £5 note release a year ago . For each these cyphers there were 999,000 serial numbers printed, yielding a whopping 59.9 million notes.

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.