Mackey: Whole Foods dropped prices significantly four times in two years post-Amazon merger
John Mackey · Whole Foods' John Mackey: Scaling a single store into a $13.7 BILLION business | Masters of Scale · Jun 11, 2024 · at 43:35
John Mackey, co-founder and former CEO of Whole Foods, explains how the 2017 acquisition by Amazon allowed Whole Foods to lower prices without short-term public market penalties.
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“And it, in the first two years of that merger, Amazon let us drop our prices significantly four times.”
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