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Amazon’s takeover of Whole Foods begins Monday — and you’ll see lower prices right away

By: Abha Bhattarai, The Washington Post
August 24, 2017 Updated: August 24, 2017 at 1:56 pm
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Amazon announced plans to buy Whole Foods in June. (Bill Sikes/AP)

Amazon’s $13.7 billion purchase of Whole Foods Market will be finalized Monday, and shoppers will see an immediate markdown in prices on a number of items, including salmon, avocados, baby kale and almond butter.

“The two companies will together pursue the vision of making Whole Foods Market’s high-quality, natural and organic food affordable for everyone,” they said in a joint statement Thursday. “Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples across its stores, with more to come.”

Amazon said it will continue to lower prices at Whole Food stores and will eventually offer special discounts and in-store benefits to Amazon Prime members.

Other foods that will be cheaper beginning next week: Bananas, eggs, ground beef, rotisserie chicken, butter and apples.

“Everybody should be able to eat Whole Foods Market quality – we will lower prices without compromising Whole Foods Market’s long-held commitment to the highest standards,” Jeff Wilke, chief executive of AmazonWorldwide Consumer, said in a statement. “There is significant work and opportunity ahead, and we’re thrilled to get started.”

Amazon shoppers will also begin to see changes on Monday, with the addition of Whole Foods’ private label products — including 365 Everyday Value, Whole Paws and Whole Catch — to Amazon.com, AmazonFresh and Prime Pantry.

Select Whole Foods stores will also begin adding Amazon Lockers, where customers can pick up online orders or drop off returns.

Amazon announced plans to buy Whole Foods in June. The deal received regulatory approval on Wednesday.

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