Amazon Said to Plan Cuts to Shed Whole Foods’ Pricey Image

Amazon Said to Plan Cuts to Shed Whole Foods’ Pricey Image

click photo for more information
Amazon Said to Plan Cuts to Shed Whole Foods’ Pricey Image
When Whole Foods Market Inc., Chief Executive Officer Jeff Bezos will try to keep the grocer’s reputation for premium fresh foods while cutting prices to shed its “Whole Paycheck” image. Amazon expects to reduce headcount and change inventory to lower prices and make Whole Foods competitive with sales slump since going public in 1992. It […]

When Amazon.com Inc. completes its acquisition of Whole Foods Market Inc., Chief Executive Officer Jeff Bezos will try to keep the grocer’s reputation for premium fresh foods while cutting prices to shed its “Whole Paycheck” image.

Amazon expects to reduce headcount and change inventory to lower prices and make Whole Foods competitive with Wal-Mart Stores Inc. and other big-box retailers, according to a person with knowledge of the company’s grocery plans. That included potentially using technology to eliminate cashiers. An Amazon spokesman denied any job cuts were planned.

Amazon, known for its competitive prices, is trying to attract more low- and middle-income shoppers with its grocery push. The Seattle-based company already offers discounted Amazon Prime memberships for people receiving government assistance and is part of a pilot program to deliver groceries to food-stamp recipients.

Whole Foods has already been reducing prices to try to turn around its worst sales slump since going public in 1992. It has four "365 by Whole Foods Market” stores that are cheaper to build and operate than a traditional location and offer lower-priced items aimed at younger shoppers.

Amazon is considering extending the cost-cutting effort with the no-checkout technology it’s developing at its Seattle convenience store, “AmazonGo,” according to the person familiar with the matter, who asked not to be named because the plans are private. The technology lets people pay with smartphones without seeing a cashier or going to a checkout kiosk, which would help Amazon differentiate itself in the brick-and-mortar setting and reduce labor costs at Whole Foods stores. The employees remaining would help improve the shopping experience, the person said.

Drew Herdener, an Amazon spokesman, said in a statement the company has “no plans to use no-checkout technology to automate the jobs of cashiers at Whole Foods and no job reductions are planned.”

Amazon would also look to change Whole Foods’ inventory, introducing its own private-label products to replace items deemed too expensive to have mass appeal, the person with knowledge of the matter said. That fits with Whole Foods private-label push to compete on price, and gives Amazon a bigger foundation on which to develop its own food brands.

Such changes may be a long way off, and Amazon has plenty of time to change its strategy, with the $13.7 billion deal not expected to close until the second half of the year. And Whole Foods shares climbed 29 percent to $42.68 Friday — more than the $42 deal price — indicating investors expect another bidder may emerge.

    Read more: https://www.bloomberg.com/news/articles/2017-06-18/amazon-said-to-plan-cuts-to-shed-whole-foods-pricey-image

    Dude Complains to Tesco About Women Shopping In Pajamas, Ends Up Triggering Ferocious Online Debate

    click photo for more information
    Dude Complains to Tesco About Women Shopping In Pajamas, Ends Up Triggering Ferocious Online Debate
    Read more: http://cheezburger.com/1334533/dude-complains-to-tesco-about-women-shopping-in-pajamas-ends-up-triggering-ferocious-online-debate

    Nostalgic Flashback Of 1969 High School Fashionistas

    click photo for more information
    Nostalgic Flashback Of 1969 High School Fashionistas
    In October 1969, students and young adults alike were “living the dream.” This new era, the era of hippies, freedom, and love, brought them a “release,” even in the fashion sense. Gone were the days of stuffy clothing and repressed style. In 1969, LIFE magazine stated, “The latest rule in girls’ high school fashion is […]

    Can’t take off for the Women’s Strike? Here are 21 ways to show your support.

    click photo for more information
    Can’t take off for the Women’s Strike? Here are 21 ways to show your support.
    On March 8, 2017, A Day Without a Woman, an international women’s strike will take place. In the spirit of the highly successful Women’s March on Jan. 21, the International Women’s Strike was organized to raise awareness of the seen and unseen ways women and girls contribute to the economy, all while receiving lower wages, […]

    Latest updates: Shooting at Munich shopping centre: German police

    click photo for more information
    Latest updates: Shooting at Munich shopping centre: German police
    Several people were killed on Friday in a shooting rampage by a lone gunman in a Munich shopping centre, police said. The newspaper reported that the gunman ran through the mall near the Olympic s Read more: http://www.thehindu.com/news/international/world/latest-updates-shooting-at-munich-shopping-centre-german-police/article8887646.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication

    Bill Maher Blasts Leaked Trump Tape: Making Sexual Assault Great Again

    click photo for more information
    Bill Maher Blasts Leaked Trump Tape: Making Sexual Assault Great Again
    The Real Time host unloaded on the Republican presidential candidate for his claim that, because he was famous, he could grab them by the pussy. “> On Friday evening, The Washington Post released their October Surpriseand it came from a very unlikely source. The paper released a video of Republican presidential nominee Donald Trump, who […]

    Just getting a little shopping in!

    click photo for more information
    Just getting a little shopping in!
    Read more: http://imgur.com/gallery/oMd8aEB

    Nirvanas Nevermind Turns 25: How Kurt Cobain and Co. Created the Album That Defined the 90s

    click photo for more information
    Nirvanas Nevermind Turns 25: How Kurt Cobain and Co. Created the Album That Defined the 90s
    On Sept. 24, 1991, three scuzzy rockers released their sophomore album. And the world was never the same. “> Nirvana is easily the most mythologized rock band of the last 30 years. Even casual music fans can recite the CliffsNotes version of why Kurt Cobain, Krist Novoselic, and Dave Grohl are important. From igniting a […]

    Here’s What Kurt Vonnegut Can Teach You About Life

    click photo for more information
    Here’s What Kurt Vonnegut Can Teach You About Life
    1. It’s important to stand up for what you believe in. After hearing that his book was not only banned, but burned in a school’s furnace, Vonnegut wrote a personalized letter to the head of the school board, stating, “If you were to bother to read my books, to behave as educated persons would, you […]

    Christmas Music Could Harm Your Mental Health

    click photo for more information
    Christmas Music Could Harm Your Mental Health
    You might want to put the Christmas decorations down for a second, and unwrap some presents, because there’s a new warning that Christmas music could be bad for your mental health. That’s right, if you’re in the mood to hum along to Mariah Carey’s Christmas jingles, it might be best to leave the high notes […]

    Son Tries To Convince Mom To Buy Maxi Pads (Video)

    click photo for more information
    Son Tries To Convince Mom To Buy Maxi Pads (Video)
    Son Tries To Convince Mom To Buy Maxi Pads (Video) Son, can you not? via Ebony Clark Read more: http://dailypicksandflicks.com/2015/10/19/son-tries-to-convince-mom-to-buy-maxi-pads-video/

    Is This Porn? 5 Realities Inside A Strange New Art Form

    click photo for more information
    Is This Porn? 5 Realities Inside A Strange New Art Form
    While browsing YouTube, you’ll occasionally run into a strangely popular video of a person, usually a young lady, doing nothing but making soft noises into a microphone. They might be whispering seemingly random conversations, quietly reading, crinkling paper and plastic, eating chips and other crunchy snacks, coloring, or otherwise making soft scratchy sounds. There are, […]

    5 Parts Of Small Town Life That We Swear To God Are Real

    click photo for more information
    5 Parts Of Small Town Life That We Swear To God Are Real
    Last week I was on a pretty well-received double podcast, talking about what it’s like growing up in a small town. Like most small town stories, the longer we talked, the weirder it got … and even after the recording, I realized that these areas have a lot more strange traits that sound like the […]

    Heres How The Internet Reacted To Prada Releasing A Paperclip For $185 (10+ Pics)

    click photo for more information
    Heres How The Internet Reacted To Prada Releasing A Paperclip For $185 (10+ Pics)
    Yes. That’s right. A paper clip for the bargain price of $185. It’s made from sterling silver and, unlike normal boring paper clips that only hold documents together, this one holds your money, or whatever money you have left over after buying one of them. Sounds awesome, right? Well, not according to the internet, because […]

    Girl Bumps Into Boy in Mall Playground

    click photo for more information
    Girl Bumps Into Boy in Mall Playground
    While a father and his daughter played around in an indoor shopping mall playground, the little girl wanted to jump from a high platform. The girl was hesitant at first but her father encouraged her to jump. As soon as she got the courage to jump, she accidentally bumped into a little boy on the […]

    Man Receives Tumor Instead Of The Kindle He Ordered

    click photo for more information
    Man Receives Tumor Instead Of The Kindle He Ordered
    A British man received quite a shock when the courier service thatwas supposed to be delivering a Kindle to his address sent him a package containing a tumor tissue sample from Americainstead. The sample was supposed to be sent to the Royal Free Hospital in London, yet somehow ended up in Bristol at the home […]
    load more posts