"Shawn Hebb may have one of America's toughest jobs: convincing people that Whole Foods Market Inc. (NASDAQ: WFMI) can be an economical place to shop," according to The New York Times. I would beg to disagree. His job is the toughest, even harder than John McCain's campaign manager or Michael Vick's PR consultant.Hebb is the guy who gives tours of America's most uptight grocery chain to convince shoppers that they do not necessarily need to spend $10 for an apple. How bad are things at Whole Foods that the company needs to teach people how to shop?
Whole Foods, down 48% this year, also may be a victim of its own success. Even my humble neighborhood grocery store offers a pretty good selection of organic goods such as Earth's Best baby food and Kashi cereal. I even bought some wild Alaskan salmon on sale a few weeks ago. Why on earth would I need to make a special trip to Whole Foods or any other upscale grocery chain given high gas prices.
Even more troubling, according to The Times, is that interest in organic food is leveling off. This leaves Whole Foods in a real organic pickle. "...a big question for Whole Foods is whether even its core customers will continue to pay prices like $6.99 a pound for all-natural, air-chilled chicken breast or $12 for a bag of cherries," the Times says.
Many customers are probably saying goodbye to Whole Foods and hello to Wal-Mart Stores Inc. (NYSE: WMT).
Reader Comments (Page 1 of 1)
8-04-2008 @ 5:17PM
Gimmeabreak said...
You have a lot of snarky comments in your article but no real data. Why don't you check and see how WF prices stack up. How about giving some real financial information? How about you do a touch of journalism?
Your article is fact free and heavy on the transcrap.
8-05-2008 @ 11:03AM
Marvin the Martian said...
This blog post is a joke. The author simply copy, cut and pasted selected portions of a New York times article. Then added his own comments to make light of the U.S. economy, Whole Foods and its customers.
8-05-2008 @ 4:54PM
ranch111 said...
Here's the pudding:
http://dailybriefing.blogs.fortune.cnn.com/2008/08/05/whole-foods-wilting/?source=yahoo_quote
8-07-2008 @ 8:13AM
brad van haitsma said...
The only reason you copy and pasted this crappy article was to inject your liberal bias salvo against McCain! Your type are so trasparent.