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New partnership will focus on affordability and increased access to Whole Foods’ natural and organic foods.
August 25, 2017
By: Lisa Olivo
Amazon’s acquisition of Whole Foods Market closed on Aug. 28, and change is already underway. In an announcement from both companies, Amazon and Whole Foods unveiled an initiative to make Whole Foods Market’s natural and organic food more affordable for consumers. As a down payment on that vision, Whole Foods Market began offering lower prices on Monday on a selection of best-selling grocery staples across its stores, with more to come. In addition, Amazon and Whole Foods Market technology teams will begin to integrate Amazon Prime into the Whole Foods Market point-of-sale system, and when this work is complete, Prime members will receive special savings and in-store benefits. The two companies said they will invent in additional areas over time, including in merchandising and logistics, to enable lower prices for Whole Foods Market customers. “We’re determined to make healthy and organic food affordable for everyone. Everybody should be able to eat Whole Foods Market quality—we will lower prices without compromising Whole Foods Market’s long-held commitment to the highest standards,” said Jeff Wilke, CEO of AmazonWorldwide Consumer. “To get started, we’re going to lower prices beginning Monday on a selection of best-selling grocery staples, including Whole Trade organic bananas, responsibly-farmed salmon, organic large brown eggs, animal-welfare-rated 85% lean ground beef, and more. And this is just the beginning—we will make Amazon Prime the customer rewards program at Whole Foods Market and continuously lower prices as we invent together. There is significant work and opportunity ahead, and we’re thrilled to get started.” “It’s been our mission for 39 years at Whole Foods Market to bring the highest quality food to our customers,” said John Mackey, Whole Foods Market co-founder and CEO. “By working together with Amazon and integrating in several key areas, we can lower prices and double down on that mission and reach more people with Whole Foods Market’s high-quality, natural and organic food. As part of our commitment to quality, we’ll continue to expand our efforts to support and promote local products and suppliers. We can’t wait to start showing customers what’s possible when Whole Foods Market and Amazon innovate together.” Here’s what will be new in Whole Foods Market stores and what customers can expect over time as the two companies integrate:
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