Reported about 1 year ago
Whole Foods founder John Mackey has praised Amazon founder Jeff Bezos for his successful strategy in transforming the supermarket chain. With Amazon's acquisition in 2017, Whole Foods overcame financial struggles and competition by offering lower prices and attracting more consumers. Bezos's long-term thinking and initiatives, such as price cuts, pay raises for employees, and opening new stores, have significantly benefited the business, making Whole Foods more accessible and shedding its 'whole paycheck' reputation.
Source: YAHOO