Why Whole Foods is Struggling
Perhaps because organic food has never been more popular among American consumers than it is right now, Austin-based Whole Foods is struggling. And on Wednesday the chain reported its worst performance in a decade, announcing its sixth consecutive quarter of falling same-store sales. (They also announced they would be closing nine stores, the most it has ever closed at one time.) Today organic food is so mainstream that organic chains have to compete against big-box stores. According to the Organic Trade Association, in 2015, Americans bought their organics from: Mass-market retailers- 53.3% Natural and specialty retailers- 37.3% Other- 9.4% From the article: “In...
Read More






