What's Different at Whole Foods Starting Now?
Amazon (NASDAQ: AMZN) has closed its acquisition of Whole Foods and the online retailer plans immediate changes for the upscale supermarket, including lowering prices on some items. That's good news not only for existing customers of the brick-and-mortar chain, but also for people who didn't shop there because of its prices. In the long run, the purchase will be good for people who pay $99 a year (or $10.99 a month) for Amazon Prime, but integrating deals and offers for Prime's members will take some time.
On day one, however, Monday, Aug. 28, Whole Foods will begin to deliver on Amazon's vision for the brand. That means an immediate price cut on what Amazon calls "a selection of best-selling grocery staples across its stores, with more to come."
Whole Foods has been taken over by Amazon and customers will see some lower prices right away. Image source: Whole Foods.
Source: Fool.com
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