After the grocery chain released its fourth-quarter results on Wednesday its stock dropped more than 6%, but the company says it’s a momentary setback
Food-conscious Americans could save Whole Foods, says the company. All the upscale supermarket has to do is convince them that its food is really of a superior quality.
The grocery chain is struggling as more markets are beginning to offer similar products at lower price points: Whole Foods was one of the first to target middle-class shoppers by offering them more expensive products that included organic and locally grown produce and items such as humane meats.
Related: Whole Foods to cut 1,500 jobs over next eight weeks
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