It’s pretty easy for Whole Foods competitors to eat into their market. All they have to do is sell stuff at 1/2 of Whole Foods price and they will still make a nice profit.
Yes, I thought whole foods wasn’t doing that well.
That's already happening in my neck of the woods. Kroger has started selling much of the same stuff as Whole Foods at a much lower price.
When Whole Foods got tagged with the moniker of “Whole Paycheck” by the millennial kids who were their target demographic...they were done.
Not really.
If Trump allows this to happen, Bezos will operate Whole Foods at a loss just to drive his competitors out of business.
Most grocery chains operate at a 2-3% markup, Whole Foods is more like 6%, so he can cut prices without breaking a sweat.
This is literally a guy with so much cash he doesn’t know what to do with it, he already is attacking the right on a daily basis with fake news from the Washington Post (another entity operating at a loss).
Amazon needs to be slapped down HARD.
That would appear to be the business plan for Sprouts. I like them. It’s a small, compact store where I can find what I need quickly, and get in and out. I don’t have to pass aisles and aisles of stuff I don’t buy at all, or at a grocery story.