Whole Foods changed the grocery business forever by offering the finest selection of natural and organic foods outside the Garden of Eden itself.
And then people stopped wanting to pay up for the good stuff. In the past two years, Whole Foods’ growth stalled, and its stock price has tumbled 45%.
There are several reasons for this: The company’s expansion strategy was probably shortsighted, and competitors like Kroger stepped up their games, offering a much wider selection of produce.
To read the rest of the story, please go to: Barron's
