Retail News

Whole Foods CEO says chain is lowering prices again

CNBC 09/15/2020

Whole Foods CEO John Mackey said the grocery chain has gone through three stages of price cuts since being acquired by Amazon.com and it is currently in the process of another round. “Amazon’s brought new critical tools to Whole Foods to help us think it through — to cut down our shrink, cut down our spoilage, cut down our theft that’s occurring,” he said. “We’re just bringing a more critical eye to our costs at Whole Foods.”

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