Amazon slashing prices at Whole Foods this week

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Some Whole Foods employees are scheduled to work overnight Tuesday and early-morning shifts on Wednesday to switch out tags to reflect the new prices and to hang orange signs promoting them, the newspaper reported. "Most of their prices are 30 percent to 40 percent more than their competitors anyway, so a 20 percent cut" won't be enough to lure budget-conscious shoppers, Yarbrough added.

In addition to these savings, Whole Foods will also be rolling out more than 300 deals for Amazon Prime members over the next few months (you can keep tabs on sales and deals here).

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Beginning Wednesday, Whole Foods said customers will find lower prices on hundreds of items throughout the store with an emphasis on seasonal produce, including greens, tomatoes, tropical fruits and more.

Amazon and Whole Foods announced another round of price cuts set to begin this week. "We will continue to focus on both lowering prices and bringing customers the quality they trust and the innovative assortment they expect from our brand". Soon after acquiring the grocer, Amazon introduced a preliminary round of price cuts, part of a bid to change the perception of the high-end grocer nicknamed "Whole Paycheck".

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Whole Foods say that since the Amazon acquisition, customers saved hundreds of millions of dollars through price cuts and Prime member deals. And organic bunched rainbow chard is down to $1.99.

Amazon acquired Whole Foods in 2017 for $13.7 billion. Beginning April 3, all shoppers can expect lower prices on produce and expanded deals on popular products for Prime members. "Over the previous year, we've been working together tirelessly to pass on savings to customers", Jeff Wilke, CEO of Amazon Worldwide Consumer said in a statement. According to the WSJ, the price hike averaged out to a costly $.66 per item, something it seems the company is trying to counteract with this latest news.

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