In the Spirit of Food Safety,
Whole Foods Market, Inc. Is Infuriating Customers Again. And That's a Good Sign
The organic grocer's decision to open a 365 store instead of a full-line Whole Foods in an LA neighborhood has sparked a petition demanding the real thing, but there's a silver lining
2015 has been an ugly year for Whole Foods Market (NASDAQ:WFM). Between the scandal over mislabeled weights on packaged foods, flatlining same-store sales, and a stock price that's fallen 40% since Jan. 1, investors may be better off looking forward to next year for a comeback.
But the plan hit a surprising snag recently when the company's plans for one of the new 365 stores in Silver Lake, a gentrifying neighborhood of Los Angeles, was greeted with outrage by local residents. The reason, however, was not because Whole Foods was displacing independent businesses, snarling traffic patterns, or making a giant real estate grab -- which are often the reasons locals protest a national chain -- but because the company had promised to open a full-line store in the neighborhood and was instead substituting one of its smaller, cheaper, unproven models ...
http://www.fool.com/investing/gener...ing-customers-ag.aspx?source=eogyholnk0000001
SOURCE: WHOLE FOODS
...
Whole Foods Market, Inc. Is Infuriating Customers Again. And That's a Good Sign
The organic grocer's decision to open a 365 store instead of a full-line Whole Foods in an LA neighborhood has sparked a petition demanding the real thing, but there's a silver lining
2015 has been an ugly year for Whole Foods Market (NASDAQ:WFM). Between the scandal over mislabeled weights on packaged foods, flatlining same-store sales, and a stock price that's fallen 40% since Jan. 1, investors may be better off looking forward to next year for a comeback.
But the plan hit a surprising snag recently when the company's plans for one of the new 365 stores in Silver Lake, a gentrifying neighborhood of Los Angeles, was greeted with outrage by local residents. The reason, however, was not because Whole Foods was displacing independent businesses, snarling traffic patterns, or making a giant real estate grab -- which are often the reasons locals protest a national chain -- but because the company had promised to open a full-line store in the neighborhood and was instead substituting one of its smaller, cheaper, unproven models ...
http://www.fool.com/investing/gener...ing-customers-ag.aspx?source=eogyholnk0000001
SOURCE: WHOLE FOODS
...
