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Whole Foods price cuts hit hardest at Trader Joe's, Sprouts: report

October 3, 2017 9:55 AM
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LOS ANGELES (Reuters) - Whole Foods rivals Trader Joe’s and Sprouts Farmers Market Inc have been hit hardest by customer defections since Inc’s (AMZN.O) price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday.

Amazon cut prices on select items at Whole Foods on Aug. 28. On the first day, customer traffic spiked 31 percent from a year earlier. Traffic jumped 17 percent during the week after the price reductions and remained up 4 percent for the week ended Sept. 16, according to Thasos Group, which analyzes...

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