The CEO of Whole Foods announced big business changes that could save shoppers some money on groceries.
Jason Buechal gave an inside look at Whole Foods’ plan to combat inflation and expand the brand’s reach at a conference in California.
two
two
Speaking with Yahoo FinanceBuechal revealed that Whole Foods would be expanding its generic brands to offer more affordable options and “minimize” the impact of inflation.
Currently, Whole Foods’ 365 brand already offers more than 3,000 different “carefully sourced” products, according to the grocer’s website.
The CEO said he wants customers to “appreciate the work done” in how they get food with the 365 expansion.
However, he emphasized that the change would not distract from the grocer’s diverse selection of products from other distributors.
read more news about supermarkets
When asked about new stores, Buechal said the Amazon-owned grocer plans to open more than 30 stores each year and added that 75 are currently in the process of opening.
Some of the locations will have new formats, like the tiny Whole Foods Market Daily Shops opening in New York City.
Buechal said the expansion was decided based on growing customer interest in the brand.
New technologies will also be implemented in stores, according to the CEO.
Like many other grocery stores, Whole Foods plans to launch the Amazon Dash Cart mobile payment option, which allows customers to skip checkout by scanning items from shelves and paying with their phone.
The new technology will “simplify the way we run our business” and create a streamlined customer experience, according to Buechal.
WHOLE FOOD UPDATES
Amazon’s Dash Cart technology comes after the megacorporation pulled its Just Walk Out technology from stores.
The alternative checkout option was first implemented on the Amazon Fresh brand, which had struggled to take off.
CPI and inflation explained
The Consumer Price Index is how the federal government measures inflation.
Every month, the Bureau of Labor Statistics shares its CPI numbers with breakdowns of which items have variable prices.
The CPI shows how much prices have risen or fallen over the previous 12 months.
The calculation process is complex, but it measures price changes for urban consumers, those who live or work in an American metropolitan area.
Although it does not cover everyone, it measures prices for around 90% of the population.
Some shoppers call Amazon Fresh “zombie stores” because of the limited staff and eerie design of the locations.
Despite this, Amazon does not seem to back down and is willing to make some failures in the name of progress, Forbes reported.
Whole Foods fans in New York City can expect to see some of the convenience store-style Daily Shops popping up in busy areas of Manhattan.
Convenience stores offer “easier access to the brand’s fresh, high-quality offerings” compared to most convenience stores, according to Whole Foods.
The first store will open on New York’s Upper East Side.
Located at 1175 Third Avenue, the store is expected to open this year and more stores will open throughout the New York metropolitan area.
“This quick-buy format is yet another way Whole Foods Market and Amazon are innovating every day to build a best-in-class grocery shopping experience that offers multiple ways for customers to conveniently buy the products they know and love it,” a Whole Foods representative told The US Sun.
This story originally appeared on The-sun.com read the full story
