While the full effects of Amazon’s acquisition of Whole Foods are yet to be known, a major announcement today is giving us a better idea of what to expect.
In a dual press release on Friday, both companies announced the deal was set to close Monday, August 28. The statement also outlined one big immediate change: lower prices. Citing a commitment to making “high-quality, natural and organic food” more affordable, Jeff Wilke, CEO of Amazon Worldwide Consumer, said that many of their best-selling staples will be lower priced starting Monday, with prices continue to decrease in the future.
The companies will ultimately be able to drive down production costs and pass those savings on to consumers. The release also emphasizes that the Whole Foods commitment to using local, natural, and organic farmers and products whenever possible will stay in place. Further down the line, Amazon Prime subscribers will also have access to special savings, with Prime set to become Whole Food's rewards program.
Until then, however, we are excited to see some of the foods that are cheaper starting right now. True to the promise, the items are favorites of many shoppers, including organic produce, fair-trade items, and goods from Whole Food's own generic line, 365 Everyday Value. Ahead, 15 products that have already seen price drops. We'll update this story with more products and pricing as they become available.
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