Amazon will cut prices on avocados at Whole Foods when it completes acquisition on Monday
Amazon today announced that it expects to close the deal on acquiring Whole Foods on Monday after the FTC and shareholders approved the sale this week. Amazon says shoppers can expect lower prices at Whole Foods stores starting that same day on “best-selling grocery staples” such as organic eggs, bananas, butter, salmon, ground beef, and — our Vlad Savov’s favorite — avocados.
Later down the line, Amazon Prime will replace Whole Foods’ current customer rewards program and offer Prime members additional savings. Additionally, Whole Foods’ private label 365 brand will be available for order via Prime Pantry, Prime Now, AmazonFresh, and Amazon.com. Customers can also request for products to be shipped to an Amazon Locker location.
"We're determined to make healthy and organic food affordable for everyone,” Jeff Wilke, CEO of Amazon Worldwide Consumer, said in a press release. Whole Foods CEO John Mackey adds, "By working together with Amazon and integrating in several key areas, we can lower prices and double down on that mission and reach more people.”