Header Ads

Breaking News

Whole Foods will slash prices on hundreds of items starting Wednesday

Category: Finance,Retail

Whole Foods will slash prices on hundreds of items starting Wednesday, marking the third round of price cuts as the grocer looks to revamp its pricey image.

Customers will save an average of 20 percent on the new reduced price items, Whole Foods said. It expects to focus its discounts on produce, like greens, tomatoes and tropical fruits.

The specialty grocer, sometimes jokingly called "Whole Paycheck" by fans and critics alike, was acquired by Amazon last year, as it was struggling to fend off competition from retailers offering the same products at a better price.

Under Amazon, Whole Foods has taken a number of steps to streamline its business and tackle its high prices. Those include efforts to centralize its merchandising, rather than allowing brands to outsource the task to third-party services.

"Whole Foods Market continues to maintain the high quality standards that we've championed for nearly 40 years and, with Amazon, we will lower more prices in the future, building on the positive momentum from previous price investments," CEO John Mackey said in a statement.

Whole Foods has also focused targeted perks for members of Amazon's Prime program, in hopes of taking advantage of the data and loyalty it offers. The better Whole Foods is able to sync in-store shopping with Amazon Prime, the better it will be able to target its ads and promotions.

In addition to exclusive weekly specials, Prime members also get an additional 10 percent off of sale items at the store. In 60 metro areas, Prime members also qualify for two-hour delivery, they can use Alexa to add groceries to their Prime Now cart with their voice or arrange for grocery pick-up within 30 minutes at some locations.

Prime's ranks surpassed more than 100 million people last year. In addition to free two-day shipping and weekly Whole Foods deals, Amazon's $119 a year membership service offers streaming of music and movies and free two-hour delivery in certain ZIP codes.

In April, Amazon will offer Whole Foods customers $10 off a $20 purchase when they try Prime online.

Read the press release below:

Amazon and Whole Foods Market Make Biggest Investment in Lowering Prices and Expanding Prime Member Deals to Date

New lower prices on hundreds of customer favorites with a focus on produce & double the number of Prime member deals

Customers to save an average of 20 percent on new reduced priced items

Whole Foods Market maintains same high standards and quality across departments

Seattle, Washington and Austin, Texas (April 1, 2019) – Amazon and Whole Foods Market announce a third round of price cuts to begin Wednesday, offering new lower prices on fresh produce for all customers and expanded Prime benefits with more exclusive weekly deals on popular products across departments.

"Whole Foods Market continues to maintain the high quality standards that we've championed for nearly 40 years and, with Amazon, we will lower more prices in the future, building on the positive momentum from previous price investments," said John Mackey, Whole Foods Market co-founder and CEO. "The standards for how our products are sourced, grown and produced are powerful and set Whole Foods Market apart from the competition. We will continue to focus on both lowering prices and bringing customers the quality they trust and the innovative assortment they expect from our brand."

Starting Wednesday, customers will find new lower prices on hundreds of items throughout the store with an emphasis on high quality, peak-of-season produce, including greens, tomatoes, tropical fruits and more. Examples of these new lower prices include, large yellow mangoes ($1/ea.), mixed-medley cherry tomatoes ($3.49/12oz), and organic bunched rainbow chard ($1.99/ea.). Prices will be reduced by an average of 20 percent on select items throughout the store.

In addition to new lower prices for all shoppers, Prime members will now save more than ever before at Whole Foods Market with double the number of exclusive weekly Prime member deals and deeper discounts. Over the next few months, customers can expect more than 300 Prime member deals on some of the season's most popular items.

Examples of exclusive Prime member deals in April that will rotate on a weekly basis include:

  • Organic asparagus: $2.99/lb, save $2
  • Organic strawberries: $2.99/lb, save $2
  • Sumo Citrus: $2.49/lb, save $1.50
  • Air-chilled, no-antibiotics-ever whole chicken: $1.79/lb, save at least 40%
  • Spiral sliced ham: $3.99/lb, save at least 33%
  • Animal welfare-rated, bone in pork loin chops: $4.99/lb, save at least $2
  • Fresh, sustainable wild-caught halibut fillet: $16.99/lb, save at least 35%
  • 35% off all Justin's brand products
  • $20 off Vega One Organic Shakes (24.3-26.9 oz. sizes only)
  • 40% off all Kite Hill plant-based products
  • 35% off all Epic brand products
  • Prepared sandwiches and wraps: 20% off

Prime members can also receive an additional 10 percent off hundreds of sale items throughout the store.

These price reductions will build on the hundreds of lower prices that have been introduced to customers since the Amazon and Whole Foods Market merger, ranging from Whole Trade organic bananas and Chobani yogurt to 365 Everyday Value Cage-Free Large Eggs. During this time, customers have saved hundreds of millions of dollars through lower prices and Prime member deals.

Whole Foods Market standards prohibit over a hundred preservatives, flavors, colors and other ingredients commonly found in food, including high-fructose corn syrup and hydrogenated fats. No antibiotics ever and no added hormones are allowed in raising animals for meat sold in the Whole Foods Market meat department. All seafood in the seafood department is either sustainable wild-caught or Responsibly Farmed, which prohibits the use of antibiotics and added growth hormones in feed and minimizes environmental impact.

"When Whole Foods Market joined the Amazon family, we set out to make healthy and organic food more accessible. Over the last year, we've been working together tirelessly to pass on savings to customers," said Jeff Wilke, CEO of Amazon Worldwide Consumer. "Every time a customer walks into a Whole Foods Market, they expect and trust industry-leading quality standards across aisles. And now they will experience that same Whole Foods Market quality with even more savings across departments."

Starting Wednesday through the end of April, customers who try Prime can get $10 off their $20 purchase in-store at Whole Foods Market when they try Prime at amazon.com/WholeFoods10. New members can try Prime free for 30 days, full promotion details are at amazon.com/WholeFoods10.

Since Whole Foods Market joined Amazon in August 2017, the companies have launched:

· Exclusive Prime member savings: Prime members shopping Whole Foods Market stores nationwide receive an additional 10 percent off hundreds of sale items throughout the store, plus up to 20 exclusive deals available weekly.

· Ultrafast delivery for Prime members: Two-hour delivery on Whole Foods Market groceries through Prime Now in more than 60 metros, with more to come in 2019. Delivery is free for Prime members who spend more than $35.

· Grocery pickup for Prime members: Grocery pickup in as little as 30-minutes at select Whole Foods Market locations.

· Alexa shopping: Prime members can use Alexa to add Whole Foods Market groceries to their Prime Now cart and find out about weekly deals.

· Amazon Rewards Visa Signature Cardmember savings: Cardmembers with an eligible Prime membership earn 5% Back when shopping at Whole Foods Market using the Amazon Prime Rewards Visa Card. Cardmembers without an eligible Prime membership earn 3% Back on their purchases.

· Convenient Amazon.com package pickup: Amazon Lockers in Whole Foods Market stores allow customers to have products shipped from Amazon.com to their local store for pick up, or send returns back to Amazon during a trip to their local store.


Source link

No comments