Whole Foods is cutting prices -- and it's hitting Trader Joe's hard (AMZN)

AP Amazon's acquisition of Whole Foods is rocking the grocery industry. As soon as the e-commerce giant's $13.7 billion acquisition of Whole Foods formally went through in August, thechanges began,from cutting costs to internal restructuring. According to a report byalternative data intelligence firmThasos Group, which analyzed mobile phone location data, Whole Foods' foot traffic climbed 17% year-over-year the week of price cuts. Three weeks later, traffic was still up 4% year-over-year. These ...