Deals
Amazon to Cut Prices at Whole Foods After Acquisition Closes
- Shares of grocery store chains fall on competition concern
- Amazon Prime members to get new benefits at Whole Foods stores
Why It's Too Early to Tell Who's Winning Retail War
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Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods Market Inc.
The company said it will begin slashing prices on a broad cross section of Whole Foods groceries Monday -- the same day the $13.7 billion deal is set to close. That will start with items such as chicken, eggs, avocados and organic farmed salmon. Amazon reeled off a long list of other plans to combine its leading e-commerce and delivery assets with the physical locations of Whole Foods stores.