UNFI takes a hit in Whole Foods investment
Ruh-roh. Trouble in paradise. Hmmm.who knew those lofty margins were unsustainable and would lead to infighting..lol.
http://www.supermarketnews.com/retail-financial/unfi-takes-hit-whole-foods-investment
"The departed Mr. Robb and still hanging on Mr. Gallo could only figure out half of the #1 retail rule... buy low and sell high. When they were ahead of the market they failed to consolidate their buying for their standards. Then the competitors were able to get better buys on like items. Mr. Robb added to the problem by offering false expectations with his repeated predictions of a 1200 store company.
In general todays grocery market does not match well with Wall Street expectations. However the current situation at WFM could have been improved if those calling the shots stepped away form the companies organic Kool Aid fountain and made the necessary changes long ago."
Joseph Sabbagh, Sax Maritime.