Amazon’s Price Cuts Created a 25% Bump in Whole Foods Foot Traffic

Amazon's acquisition of Whole Foods led to a drop in the prices at the food retailer, but an increase in sales. Bloomberg reports that deep price cuts at the store last month led to a 25% increase in customer traffic.

Some products at Whole Foods were up to 43% cheaper after the acquisition. For instance, organic Fuji apples dropped in price from $3.49 a pound to $1.99, and organic avocados dropped from $2.79 each to $1.99.

The foot traffic was measure by location app Foursquare, which...

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