Blog: Whole Foods in a hole
Dean Best | 5 August 2008
As in the UK, there are signs that the more upmarket retailers in the US are coming under increasing pressure.
Marks & Spencer's problems in the UK are well-documented and, despite enjoying relative success, local rival Waitrose has made moves to publicise the fact that it too can do value.
Across the pond, natural and organics retailer Whole Foods Market has built a nationwide business on the back of growing demand for its wares.
That demand, however, has weakened in recent months amid the credit crunch, leaving Whole Foods fighting to throw off its nickname of 'Whole Paycheque'.
An article in the New York Times over the weekend highlighted how Whole Foods is trying to convince US consumers on a budget that they can find value in its stores.
“I'm getting a little tired of that tag around our neck,” Whole Foods co-president Walter Robb told the newspaper, referring to the Whole Paycheque moniker. “We are a lot more competitive than people give us credit for. We challenge anyone on like items.”
One challenge facing Whole Foods in the battle for price-conscious Americans could reach the courtroom after it emerged Ahold-owned chain Stop & Shop has filed a lawsuit claiming copyright violation.
Stop & Shop has accused Whole Foods of mimicking its 'Real Deal' campaign advertising a swathe of price cuts at its stores.
With its merger with Wild Oats also under a legal cloud and its UK unit posting an operating loss Whole Foods is clearly facing challenges on multiple fronts.
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- Kraft Heinz: Innovation more important than ever
- Online snack seller Graze makes US retail debut
- Farmers' groups slam Danone over non-GMO stance
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review