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Epic Economist, 4/25/24
"Amazon Grocery Stores Are Falling Apart All
Around Us As Business Face Massive Challenges"
"People from all over the U.S. are getting outraged by the price increases they're seeing at grocery store chains operated by Amazon. The behemoth retailer is also raising service fees, and shutting down more unprofitable locations this month, even after laying off almost 30,000 employees over the last year, and reporting record profits for the fiscal year ended in March 2024.
Though official agencies and corporate CEOs cite improving economic conditions in their latest reports, most U.S. consumers have yet to report experiencing some financial relief this year. In fact, a LendingClub survey found that 66% of Americans are still feeling the pinch of higher food prices on their monthly budgets, and that may be especially true for Whole Foods' and Amazon Fresh customers.
A few weeks ago, one Amazon customer went viral on TikTok for exposing some of the insane prices for everyday staples she had seen at her local Whole Foods store in Boston. The woman, who goes by the username @via..li on the social media platform, posted a video about her expensive purchases, which has been shared by hundreds of thousands of users, and re-shared on various websites."
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