excerpt of article from supermarketnews.com
How bad can it get for Whole Foods?
Oct 21, 2016 Liz Webber
One analyst says the natural food chain "will have to be restructured unless comps turn positive."
When it comes to Whole Foods Market’s legacy business, these days it seems to be all bad news. Profit and comparable store sales have fallen as conventional retailers like Kroger and Costco have dramatically expanded natural and organic product offerings, obviating the need for shoppers to visit a specialty store like Whole Foods. In July, Whole Foods announced year-to-date net income fell 12.5%, while sales rose 2.3% and comps were down 2.4%. On top of that, the retailer has failed ...
Read More: http://supermarketnews.com/retail-financial/how-bad-can-it-get-whole-foods#ixzz4O0RHbYMQ
Get out while you can!