One of the most common arguments against raising the minimum wage, like cities such as Seattle and San Francisco have done recently, is that if businesses are forced to pay workers more per hour, they’ll simply cut the amount of shifts they offer workers to keep their costs the same. While this hasn’t happened in […]
Is Anyone Surprised?: Jeff Bezos’ Whole Foods Halts Plan to Require Mandatory GMO Labeling…
Nearly a year after being acquired by Amazon, health food retailer Whole Foods is quietly putting the brakes on its plan to require food suppliers and stores to label foods containing genetically modified organisms (GMOs). A spokesperson for Whole Foods told FOX Business that the company is pushing back the deadline for its mandatory GMO […]
Amazon Says it’s “Almost Ready” to Get 1,000s of Grocery Store Cashiers Fired…
Late last year we noted Amazon’s efforts to ‘disrupt’ the traditional grocery retail model by introducing small format stores that allow customers to simply walk in, pick up what they want and walk out. The concept store, dubbed AmazonGo, tracks a customer’s every move, including each item they remove from store shelves, allowing them to […]
Amazon Cuts Prices at Whole Foods by Up to 43% on First Day…
Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market. At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken…
Whole Foods Shareholders Sue to Block Amazon Merger…
A pair of class-action lawsuits claim a financial statement issued by Whole Foods to its stockholders did not disclose potential conflicts of interest and other relevant information about its proposed merger with Amazon. Robert Riegel and Robert Berg sued Whole Foods Market and its board of directors in Austin federal court for alleged securities violations […]
Amazon Eats Up Whole Foods as the New Masters of the Universe Plunder America…
“We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” —Justice Louis Brandeis With his $13.7 billion acquisition of Whole Foods, Amazon’s Jeff Bezos has made clear his determination to dominate every facet of mass retailing, likely at the […]