Amazon will reduce prices on food

Amazon will reduce prices on food

On Monday, August 28, Amazon plans to complete the process of absorption of the supermarket chain Whole Foods. This deal cost the company $13.7 billion.

According to reports by Fox News, after that Amazon intends to lower prices on a range of food in supermarkets is Whole Foods. On Monday you will be able to purchase avocados, eggs, bananas, beef and salmon, and many other goods at a lower price. «And all the produce is organic!», — added to Amazon.

Amazon will reduce prices on food

«Everyone should have the right to quality products — we will reduce the price, without compromising the high quality standards of the market,» said Jeff Wilke, take the CEO AmazonWorldwide Consumer.

In addition, Amazon is going to eventually give participants the programs Prime additional bonuses in supermarkets.

«This is the first salvo in the wars of grocery stores,» says Neil Saunders, managing Director of Retail GlobalData. Immediately after this news shares of other supermarkets have fallen sharply, though it probably wanted the management of the company.

«Our competitors should be no illusions: now they are dealing with an opponent who is not afraid to damage their profits and profitability to gain long-term benefits.»

Source