“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 percent lean ground beef, and more.”
» RELATED: South Dayton suburbs see grocery competition heat up
Amazon will purchase Whole Foods Market for $13.7 billion today.
Whole Foods reported its third quarter earnings late last month, with total sales increasing about 0.6 percent. However, comparable store sales decreased nearly 2 percent. During the earnings report, Whole Foods addressed the merger, in which Amazon.com will acquire the grocery chain for $42 per share in an all-cash transaction.
“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,” Wilke said. “There is significant work and opportunity ahead, and we’re thrilled to get started.”
FIVE FAST BUSINESS READS
• 5 new flight options out of Cincinnati and Dayton airports
• Store openings and closings: What's going on in local retail?
• 5 new restaurants and retailers coming to The Greene
• Workplace incivility, aggression impacts more than half of US workers
• Itchy eyes? You're not alone. It's hay fever season in Southwest Ohio