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A big shake-up at Amazon brings Whole Foods into the fold
- SteveDavis88 1y agohttps://archive.is/zY7Sy https://archive.is/zY7Sy
- givemeethekeys 1y agoThey couldn’t run a storefront on their own.
- out-of-ideas 1y ago> Since the 2017 acquisition, Whole Foods has seen over 40% sales growth and, with Amazon Fresh, generated "tens of billions" of dollars in sales last year, Snyder added. > "These changes reflect our long-term commitment to making grocery shopping easier, faster, and more affordable for customers," Snyder said. that means they can offer the exact same quality products for cheaper, no (or give employees raises?); but they choose profits over their acclaimed affordability for customers?
- wahern 1y agoSales != profits. I infer they're actually losing money from this bit: > Whole Foods is "growing meaningfully faster" than the broader industry with a "really good profitability trajectory," he added.
- out-of-ideas 1y ago> sales != profits true actually, thanks. i jumped the gun and mentally autocorrected to net profit yikes if they are loosing money. i guess we'll have to wait to see regardless; be curious to see what happens to quality once they align their goals [i guess now im assuming those goals also include their shareholder stock profits - a complex soup of factors] edit: forever formatting
- GenericDev 1y ago[dead]