Amazon’s price war with Walmart

By: Trademagazin editor Date: 2017. 09. 23. 16:52

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

In June Amazon acquired premium category food retailer Whole Foods. However, this step didn’t result in outperforming Walmart. An analysis by Bloomberg points it out that more than half of Whole Foods products are much more expensive than those of Amazon’s competitor. Amazon reacted to this with starting a price war: in June they cut product prices by more than 40 percent in a Manhattan store.