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Briefing
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- Price Cuts – Amazon spent first day as owner of Whole Foods selectively cutting prices on some of retailer's best-selling products by as much as 43%
- Acquisition – Acquired Whole Foods for $13.7 billion in June 2017
- Competition Reacts – Include Wal-Mart lowering prices and revamping produce section at U.S. stores, Costco slashing prices of organic products by 30% compared to Whole Foods, Ahold Delhaize investing on online operations of Stop and Shop, and Aldi Stores Limited and Lidl lowering prices and continuing expansion in U.S.
- Future Plans – Plans to add Amazon Lockers in selected Whole Foods brick-and-mortar locations to allow customers who purchased from Amazon.com to pick up or return items at Whole Foods stores
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Wholesale and Retail Trade
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Organization
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Aldi Stores Ltd., Amazon.com Inc., Costco Wholesale Corp., Lidl US LLC, Stop & Shop LLC, Walmart Stores Inc., Whole Foods Market
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Source
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Original Publication Date
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August 28, 2017
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