Reported 11 days ago
Whole Foods CEO Jason Buechel announced a significant price reduction on private-label items to counter competition from supermarkets. The grocery chain has increased promotions and reduced prices on about 25% of its products. These changes aim to attract inflation-sensitive shoppers while maintaining product quality and standards. Buechel highlighted the importance of adapting to consumer needs amid rising food prices, as Whole Foods expands its presence with new store openings in the coming year.
Source: YAHOO