Amazon cutting Whole Foods prices - WSJ

|About: Amazon.com, Inc. (AMZN)|By:, SA News Editor

Amazon (AMZN +1.7%) plans to cut prices on more than 500 items at Whole Foods this week, according to documents viewed by The Wall Street Journal.

The cuts are the broadest since the $14B acquisition in 2017.

Amazon is fighting increasing competition from Kroger (KR +0.2%), Walmart (WMT +0.2%), and other grocers. Amazon reportedly plans to open a line of grocery stores separate from Whole Foods this year.

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