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How Amazon tools help Whole Foods lower costs

Whole Foods Market CEO John Mackey said the grocer's continued commitment to lowering costs and cutting food prices since it was acquired by Amazon in 2017 has become an ongoing "virtuous cycle" that is helping set the tone for the future. "Amazon's brought new critical tools to Whole Foods to help us think it through -- to cut down our shrink, cut down our spoilage, cut down our theft that's occurring," Mackey said, adding that the company is bringing "a more critical eye" to costs.

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