No one can deny the numbers, and the numbers show a decline of Prime customers from 2017 to 2018 and a decline of money spent on groceries at Whole Foods. For me that's not realy a surprise. Amazon not only showed lack of any concept but managed to destroy all the things that made Whole Foods diferent from the competitors.
https://www.forbes.com/sites/brittainladd/2018/12/20/was-acquiring-whole-foods-amazons-bridge-too-far/#18624f081638
after 2 years you should see double digit comps and regions with news stores will comp higher so the average joe share holder thinks it’s doing good but have no idea how much money was thrown down the drain to get there or how bad the store before that.
comps don’t mean anything.
Not sure what region you're in but our store is comping double digits and my team is comping 20%+ and that's been the trend for about a year now
I think the author of the Forbes piece is wrong about Amazon's long-term chances of success. It boils down to this: He writes "Amazon has no intention of being a grocery retailer. They want to 're-imagine the grocery experience.'" If Amazon had no intention of being a grocery retailer, why did they spend almost 14 billion dollars buying a grocery retail chain? Too many starry-eyed tech investors and rah-rah analysts think that everything has to be re-imagined. Most people don't want or need to "re-imagine" how they buy razor blades, oatmeal, hamburger, dish soap, spaghetti and tomatoes. If anything, the author seems to say that Amazon can make this work by buying even more retailers. Wow, what a way to "re-imagine the grocery experience."
My dept. Has been comping in the red for over two weeks now. Customers are fed up and going elsewhere.
This article is by a business journalist. It's based on facts and reflects informed opinions. The company had deep structural, logistical, technological, managerial, quality and pricing issues prior to being bought by Amazon, and even with the best operations, the history of the grocery business is littered with business tycoons and investors who saw the big dollar volume and mistakenly believed that they could translate that volume into riches. Bezos is no exception. But beyond all that, pick a category and then go on believing that Costco, Walmart/Sam's, Kroger, Aldi/Trader Joe's, Publix, H.E.B., Wegman's, Meijer, Fresh Market, Sprouts, Earth Fare, BJ's Wholesale, as well as Amazon.com itself and Kroger-owned Vitacost and other pure online retailers don't matter. Those competitors and others are not going away -- they're not perfect either but they're smart, they're growing, and they don't care what you think. IMO there is no unique selling proposition to be found with WFM, and the $13.7 billion acquisition will go down as a huge misstep. PS: It doesn't matter what your little department did year-on-year. This is about return on invested capital. READ THE ARTICLE.
WRONG WRONG WRONG !!! amazon just reported record numbers of new prime members . Get you facts straight before screaming the sky is falling !
Anyone notice giant sections of the aisles with no yellow tags? I was behind a customer yesterday tha bought a carriage full of groceries and saved one dollar.
On one of those numerous clipboards in my store shows that the whole store was in the red last week. This is during the holidays. Not a good sign.
This upcoming recession will cause people to seek out cheaper retail locations.
Amazon is obviously learning how grocery markets work at this point and has largely stayed hands off while seeing what makes it tick. Prime numbers are no surprise either as it's gone up from $59 to $119 as they've shifted from simply gaining market share to making a profit, and their profit numbers have exploded. They're going to be taking a lot more active role going forward.
My market team is comping at 20% the last 3 months. Grocery alone at almost 25%.
I hope you all will be s---ing D--k for money soon