Lowes Foods Embraces Disruptive Nature Of Retail Rather Than Be Its Victim
by Richard Craver, Winston-Salem Journal
Posted: 2018-02-27 15:26:30 EST

Tim Lowe, the president of Lowes Foods, didn’t exactly grin when he heard that Amazon was entering the grocery market through buying Whole Foods for $13.7 billion.

The combination, given Amazon’s deep pockets, delivery expertise and economies of scale allowing it to push down vendor prices, has been touted as a shot across the bow of a industry sector already subject to low profit margins, temperamental customers and sand-shifting market share.

“Amazon averages selling nearly $204,000 worth of products every minute,” Lowe told attendees at last week’s Winston-Salem Chamber of Commerce annual state of the economy presentation.

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