"Whole Foods' Free-Range Chickens Have Come ..." Topic
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|Tango01||12 May 2017 10:21 a.m. PST|
…Home to Roost
"When a company fires several board members, things are not going well. That's what Whole Foods just did.
According to the Wall Street Journal, Whole Foods stores are struggling. In the 2nd quarter of 2017, sales fell by nearly 3%. This isn't a one-off result. Revenue growth has been trending downward since 2012. Then, in the 4th quarter of 2015, revenue growth hit negative territory, meaning that sales actually began to shrink. Since 2013, Whole Foods's stock price has fallen by almost 50%.
To stop the bleeding, Whole Foods brought in new board members with retail and financial experience…"
|Mako11 ||14 May 2017 8:11 p.m. PST|
So, pricing stuff at 300% of market value isn't a winner?
Surprised they've been able to stay in business for so long.
Just goes to show the old adage is true……..
|Tango01||15 May 2017 9:15 a.m. PST|