Author: Kathryn Gessner

Whole Foods still ‘Whole Paycheck’: spending remains the same despite Amazon price cuts

Amazon’s first big move at Whole Foods was to lower prices on grocery staples, which risked a drop in revenue if shoppers chose to pocket the savings. Instead, the gamble paid off. Throughout the first week, customers still spent similarly high amounts, and the discounts increased new traffic. Transaction data shows that August 28 outpaced … Continued