Stealing customers is the name of the game.
How does selling a product at competitive prices constitute stealing?
CBS News. Another Marxist 5th column enemy of America
I think the nearest Whole Foods is 40 miles away. Don’t see us ever going there.
Mostly Aldi and Walmart.
I was forced to shop at a store I’ve been boycotting for years. The local Shop Rite owner, who has about ten stores in our county made some comments several years ago that he hated gun owners and didn’t want them in his store. I’ve been obliging his wishes even though his store is around the block from us. We were camping and missed a key menu item so we had to go get some. One of their stores was the only store in about 30 miles.
In a way I wish Wegman's wasn't gonna be near me...because within a year of it opening I'll surely be 400 pounds!
The regular supermarket business is already a low-margin business with net profits for most around 1.5 cents per each dollar of revenue, and a few around 2 cents.
Amazon’s net profit is nearly the same, at about 1.8 cents per dollar or revenue.
Whole Foods prior net profits were between 4 to 5 cents per dollar of revenue, and Walmart’s in the neighborhood of 3+.
One thing that must be kept in mind is that Whole Foods product was highly over priced, and in both Walmart’s case and Amazon’s what they sell is a whole lot broader than supermarkets.
When Amazon starts cutting into the regular, non-specialized supermarket business, obtaining and living with profit margins on groceries alone of less than 1.5 cents on the dollar, and more regular supermarkets start going out of business, some might start the think that antitrust actions have become too little (if they haven’t already).
Air-chilled chicken is definitely worth the extra money you might pay for it. I don’t pinch pennies when it comes to what I put in my body. Whole Foods has an excellent selection of air-chilled chicken but you can find it in most larger supermarkets these days.
This isn’t stealing, it is using the ability to lower prices to do so in order to draw business, which has been done since the dawn of time.
Regular customers at TJ's who went to check out the new prices at WF right after the Amazon takeover are necessarily "defectors." Only time will tell on that score.
Amazon gained customers at the expense of its rivals
Aka, capitalism. The horror, the horror.
I know a conservative guy who works at Whole Foods. He says he has to pretend to be a liberal to keep his job.
Amazon cutting prices by 43% tells you all you need to know about how overpriced Whole Foods was. And liberals ate it up in Austin.
I suspect that with their good pricing and focus on the community they serve, they'll survive quite well.
At the other extreme, there are chains such as Giant Eagle. They're seriously overpriced, and in spite of the huge stores they don't actually provide any out-of-the norm choices.
“”The new customers Whole Foods attracted with its price reduction were the wealthiest regular customers of the competing stores [Wal-Mart],” according to Boston-based Thasos. “The price reduction did not attract a lower-income demographic...”
Apparently, there was no “Moving On Up To The Eastside” by the regular Wal-Mart shoppers.
I went into a town with both a Trader Joe’s and a large Whole Foods. Both have been there for years.
There was a lot more traffic at the Trader Joe’s.
What I noticed about the Whole Foods is that they had some very good loss leader deals (for example, low prices on 90-10 hamburger) accompanied by the usual premium pricing on most everything else.
Its early, and it’s only a sample of one—but that’s what I saw.
>>Whole Foods in droves after the organic grocery chain slashed prices by as much as 43 percent
It’s BULLSH!T, prices are up, not down. half pint containers of fruit for more than a pint used to cost.
That “slashed prices list” was a dozen or so items sent out to news agencies.
I’m finding prices are the same or even up on produce.
Then again I don’t buy bananas or kale or coffee.
Operative word is tried
The article reflects that many have in fact tried. I suspect they will revert to the normal shopping habits after a week or two
We have 1 Walmart, 4 Food Lion, 3 Harris Teeter and a new Publix coming soon. No reason to go there.
Stealing? Are the kidnapping them and forcing them into Whole Foods?
Or is The Mothership earning them with better products, better service and lower prices?
The DOJ and antitrust laws are useless
The chicken at Sprouts is so good its like what we got as kids.