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Industry NewsWATCH: Whole Foods’ future isn't about groceries

WATCH: Whole Foods’ future isn’t about groceries

Thursday, May 25, 2017



Whole Foods Markets Inc., facing pressure from restless shareholders after nearly two years of sliding sales, is suffering its biggest crisis since going public in 1992, according to a Bloomberg report.

As grocers fight for traffic amid an intense price war and the threat of e-commerce, Whole Foods stands out among its peers with its prepared foods and in-house restaurants that make its stores destinations, the report says. However, the challenge for CEO and co-founder John Mackey, is how to assuage Wall Street by boosting profits without ruining what made Whole Foods wildly popular in the first place.

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