Amazon to Slash Whole Foods prices

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Amazon shocked the world with their announcement back in June of 2017 that it was acquiring Whole Foods for 13.7 billion.  However, in a new bombshell announcement made on Thursday August 24, Amazon will begin slashing prices at Whole Foods beginning on Monday.

Once the news was released to the public, competitors shares like Krogers, Costco and other grocery stores immediately fell.

"As part of a joint vision to make Whole Foods high-quality, natural and organic food affordable for everyone, customers will immediately see lower prices on a selection of best-selling grocery staples," Amazon said in a statement. 

Some of the items that will receive a price adjustment are organic bananas, responsibly farmed salmon, organic large brown eggs and animal-welfare-rated 85 percent lean ground beef.  Representatives for Amazon also described some of it's intentions to integrate brick-and-mortar customers and online users.  Also, lockers will be provided to shoppers so that they can pick up the goods that they purchased on Amazon.com.  This however, will only be available in selected stores.

Co-Founder and CEO of Whole Foods John Mackey said "We can't wait to start showing customers whats possible when Whole Foods Market and Amazon innovate together."

Amazon is one of the nation's biggest e-commerce companies.  Their annual sales are more than 5 1/2 times those of No. 2 Apple and stands to acquire Whole Foods' more than 460 brick-and-Mortar stores, and they will also gain priceless data about shoppers.