Personal Finance Insider | Amazon's transformation of Whole Foods puts the entire grocery industry on notice @InsiderPersonalFinance | Uploaded September 2017 | Updated October 2024, 1 hour ago.
Business Insider CEO Henry Blodget discusses the aftermath of the Amazon-Whole Foods deal, highlighting the price cuts made at Whole Foods stores. He notes that the stocks of competing grocers have taken a beating, selling off any time there was a new announcement from Amazon. He mentions comments from a Morgan Stanley analyst, who thinks the new Whole Foods has the ability to close the pricing gap between it and its competitors. Blodget then points out that Amazon shows that a company doesn't necessarily need to maximize profits to see share gains.
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Read more: businessinsider.com
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Business Insider CEO Henry Blodget discusses the aftermath of the Amazon-Whole Foods deal, highlighting the price cuts made at Whole Foods stores. He notes that the stocks of competing grocers have taken a beating, selling off any time there was a new announcement from Amazon. He mentions comments from a Morgan Stanley analyst, who thinks the new Whole Foods has the ability to close the pricing gap between it and its competitors. Blodget then points out that Amazon shows that a company doesn't necessarily need to maximize profits to see share gains.
--------------------------------------------------
Follow BI Video on Twitter: bit.ly/1oS68Zs
Follow BI on Facebook: bit.ly/1W9Lk0n
Read more: businessinsider.com
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.