Alva Review-Courier -

By BERNARD CONDON
AP Business Writer 

Amazon to cut prices on Whole Foods staples like eggs, beef

 

August 25, 2017



NEW YORK (AP) — Amazon plans to use its deep pockets to make big changes at Whole Foods, saying it will cut prices on bananas, eggs, salmon, beef and more when it completes its $13.7 billion takeover next week.

Helping Whole Foods win back customers who found "good enough" organic and natural products elsewhere — possibly at a lower cost — fits Amazon's track record of keeping prices low to lock in customer loyalty. Looking ahead, Amazon hopes to give members of its Prime program special savings and other in-store benefits.

It's an "opening salvo" in the grocery wars, said Neil Saunde...



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