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  • Geebo 9:00 am on August 30, 2017 Permalink | Reply
    Tags: , , Whole Foods   

    Amazon springs new prices on Whole Food customers 

    Amazon springs new prices on Whole Food customers

    In our weekly update of Amazon trying to take over the world, Amazon finally took the reins of Whole Foods this past Monday. In doing so, Amazon dropped prices substantially almost across the board. They did this without any warning or any marketing building up to the launch. In terms of advertising, this was a brilliant move by Amazon considering the word spread like wildfire through both traditional and social media.

    Along with the price cuts, Amazon also supplied the Whole Foods stores with discounted Amazon Echoes and Dots, their line of voice activated smart speakers. Amazon is also said to be offering additional savings to members of their Amazon Prime service as well.

    Reaction by consumers has been mixed. People that already shop at Whole Foods are appreciative of the price drops and people who were on the fringe of shopping there are willing to now give it a try. Many people are still priced out of Whole Foods as the store is trying to shake its derogative nickname of Whole Paycheck.

    While not giving it the national reach of WalMart, it’s another domino falling in Amazon’s plan to control retail space. However, Amazon will be offering Whole Food products on their website where they already dominate. While WalMart and other national chains shouldn’t be shaking in their boots just yet, Amazon is slowing taking pieces out of their market share.

     
  • Geebo 8:58 am on June 20, 2017 Permalink | Reply
    Tags: , , Whole Foods   

    Are we headed for a retail duopoly? 

    Are we headed for a retail duopoly?

    Wal-Mart is the number one retailer in the US with a substantial web presence. They see Amazon as their greatest competitor. Amazon is the number one online retailer and they’ve been looking to get into the physical retail space. They see Wal-Mart as their greatest competitor. Now, Amazon is firing a shot across Wal-Mart’s bow as they are in the process of acquiring organic grocery store Whole foods.

    While not even coming close to Wal-Mart’s almost 5,000 locations across the country, including Wal-Mart Neighborhood Market and Sam’s Club, this acquisition would give Amazon a substantial foot in the door in the country’s grocery market. With its already popular online business, with just 400 possible new locations it actually could give Wal-Mart a run for its money if they’re also used as small distribution or pick up centers for online orders. Not only that, but Amazon could also end up taking a piece out of Wal-Mart’s grocery share in the country, which is where Wal-Mart makes most of their money.

    What could be worrying is Wal-Mart’s response to Amazon’s potential acquisition. A lot of brick and mortar store chains have crumbled under the might of the Wal-Mart. Sears and K-Mart used to be giants in the industry. Sears alone has been around since the 19th century, but is now facing the spectre of closure. If this trend continues, we could all end up shopping at either a Wal-Mart or Amazon branded store in the near future. Competition always breeds innovation in business, but a near monopoly between two retail monoliths will cause not only stagnation, but will also allow the two corporate giants to become complacent in their pricing.

     
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