Whole Foods Inc Case Study

1200 WordsFeb 25, 20185 Pages
Introduction & Industry Overview The Whole Foods Inc was founded in 1980 by john Mackey, from a local supermarket store on safe grocery. Since then, it has grown into the world’s largest retail store all kinds of organic and natural foods. As of 2004, the annual sales were recorded as $8 billion. It has approximately 264 stores in the USA, 6 in Canada and 5 in the United Kingdom (Thomson, 2010). The headquarters are located on an 80,000 square feet flagship store in Austin, Texas. Over the years, the organization has had its fare shares of issues both in the internal and external environment, admitted by its CEO John Mackey. He said that the retail enterprise had 2008 as its toughest years yet. The following year, whole foods recorded its first decrease in the first quarter report. The natural foods market is highly competitive. It is assumed that the natural foods are largely or wholly free of the artificially added preservatives and ingredients including the none-naturally occurring/industrially manufactured chemicals. They are said to be as near to their natural state as possible (Harbin & Humphrey (2009). The foods are grown without the use of pesticides and antibiotics, hormones, synthetic chemicals, artificial fertilizers, preservatives, dyes and additives or the genetically engineered intended to boost their growth to a possible double yield (Thomson, 2010). It is believed that all organic foods are fresh fruits, vegetables, meats and processed foods that have been:
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