Economy

Whole Foods Market Announces Unauthorized Payment Card Information Access

Whole Foods Market Announces Unauthorized Payment Card Information Access”

The data comes from the Thasos Group, which analyzes information from location data on millions of mobile phones.

Whole Foods recently made headlines for cutting prices on a variety of popular grocery items. However, the price cuts may not be producing the desired results. But if you've got other items in your shopping cart, you might want to do a price comparison-for instance, since the takeover, frozen foods became 7 percent more expensive and the cost of snack items went up by 5.3 percent. The team found that 17 of those items saw an average price drop of 18 percent during that time, while prices increased for 16 items and 77 items stayed the same price.

"Amazon's acquisition of Whole Foods has the potential to be a gamechanger in the grocery space", Skibiski said.

However, it may be hard for Whole Foods to attract more budget-conscious shoppers. Back to Trader Joe's? Trader Joe's still had a 6 percent defection rate three weeks after the acquisition.

Among Whole Foods' competitors, Trader Joe's saw the highest rate of customer defections: on average, almost 10 percent more daily customers of Trader Joe's defected to Whole Foods in the week of the price cuts relative to the week prior.

Only ten percent of those visiting Whole Foods in the first week said they usually shop at Trader Joe's, while eight percent said they shop at Sprouts, an organic-food chain primarily located in the Southwest and West. Roughly three percent of the shoppers said they normally visit Target, while two percent were Kroger or Costco shoppers. While most Whole Foods Market stores do not have these taprooms and restaurants, Whole Foods Market encourages its customers to closely monitor their payment card statements and report any unauthorized charges to the issuing bank.

In late August, the same day Amazon rolled out its first round of changes at Whole Foods stores, including lower prices and displays of Alexa-powered devices in stores, hundreds of 365 items showed up on the AmazonFresh website.

Another survey reports that customers have seen little benefit from the lower prices. A research firm has been tracking numbers and found that prices have been creeping back up since day one of the deal, and some are even higher than they were pre-Bezos.



Like this

Latest


05 October 2017
US Senate confirms two new USDA appointments
The National Pork Producers Council was also quick to congratulate Censky and McKinney on their confirmations. Censky, who led the ASA as CEO since 1996, was nominated by President Donald Trump in July.

05 October 2017
CVS Health Corporation (CVS) EVP Thomas M. Moriarty Sells 20547 Shares
It is negative, as 84 investors sold CVS shares while 559 reduced holdings. 159 funds opened positions while 684 raised stakes. SRS Capital Advisors Inc. purchased a new stake in shares of CVS Health Corp during the fourth quarter valued at $120,000.

05 October 2017
Standard Life Investments LTD Lowers Holdings in Mondelez International, Inc. (MDLZ)
Standard Life Investments LTD owned about 0.26% of Mondelez International worth $170,241,000 as of its most recent SEC filing. Steinberg Global Asset Mgmt holds 0.18% of its portfolio in Mondelez International Inc (NASDAQ: MDLZ ) for 27,074 shares.

04 October 2017
Catalan Leader Says Independence Will Be Declared In a Matter of Days
Puigdemont said the low turnout was partly because many people wanted to vote, but were prevented by officials from doing so. King Felipe criticised Catalonian authorities for showing "disrespect" on a televised speech on Tuesday.

04 October 2017
Apple Inc. (AAPL) Stock Rating Reaffirmed by Oppenheimer Holdings Inc
Glacier Peak Capital LLC acquired a new position in shares of Apple during the fourth quarter valued at approximately $127,000. Hendershot Investments has 90,377 shares for 5.85% of their portfolio. (NASDAQ: AAPL ) shares were sold by LEVINSON ARTHUR D .

04 October 2017
More players turn back on Kiwis for Rugby League World Cup
Australia's Daily Telegraph is reporting that another 7 players are going to throw their weight behind Tonga. Both nations will officially announce their 24-man squads for the tournament on Thursday.

04 October 2017
'Mean Green'? That's us, North Texas chides ESPN, Michigan State
Michigan State was not aware of the content of ESPN's promo prior to it airing, the spokesperson said. Advice to the college football and sports media world: Don't try to pull a fast one on North Texas.

04 October 2017
Barcelona vs. Las Palmas to be played behind closed doors
In the case of independence, the board, the club and the club's members would have to decide which league we would play in". But Bartomeu said the images of the game would highlight the "inadmissible situation going on around Catalonia".

04 October 2017
Bob's Burgers Coming To The Big Screen In 2020
Since launch the show has won numerous awards including two Emmys, spawned a best-selling cookbook, and a soundtrack album. When it comes to animated TV dads, it is hard to think of someone with less luck than Bob Belcher.

04 October 2017
Ancestry Non-Shocker: Larry David and Bernie Sanders are Distant Cousins
Senator appeared on Tuesday's season premiere of the PBS reality show Finding Your Roots , which traces celebrities' family trees. Alright, Cousin Bernie!" He added: "People say to me, you know, they talk about Larry David ".



Recommended