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US: Amazon closes WholeFoods deal, cuts prices

By  |  August 28, 2017

On Monday, August 28, the day that Amazon’s US$13.7 billion acquisition of the grocer went through, prices on certain Whole Foods items immediately dropped.

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    “Starting Monday, Whole Foods Market will offer lower prices on a selection of best-selling staples across its stores, with much more to come,” the companies said in a press release last week on Thursday.

    In the release, Amazon and Whole Foods specifically mentioned certain items that would become less expensive when the acquisition was finalized.

    Simon Salamon, 60, a regular Whole Foods shopper, said the price drop brought him to the East 57th Street store in East Manhattan.

    “It reminded me why I shop at Amazon,” he said. “99% of the time they have the best prices and their return policy is great. With the prices lower, I think we’re more likely to shop here every day.”

    Full Content: Mashable & Bloomberg

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