During this week, Lincoln Memorial University’s MBA students in MBA 595 will analyze top corporate organizations.
In this blog topic, Group B consisting of Paul Holloway, Lindsey Howard, Champ Knight, Frank Metcalf will evaluate ‘Whole Foods.’
Within two decades of the initial store opening, Whole Foods Market has evolved into the world’s largest retail chain of natural and organic foods supermarkets with over 299 stores in North America and the United Kingdom.
The success and rapid growth of Whole Foods Market is due to their core belief in differentiating their products from the competition by being highly selective about what they sell, a dedication to high quality standards, and a commitment to sustainability for people and our planet.
They have completed many acquisitions that have fueled this rapid growth, most notably Wild Oats Market, that somewhat reduced competition initially. However, competition has increased significantly in recent years, and Whole Foods is now using their market dominance to attempt to maintain control.
Whole Foods Market has also weather controversy involving their aggressive monopolization of the organic foods niche, their anti-Union stance, and statements made by the CEO that have been regarded as unethical.
Also, Whole Foods has continued to build and acquire stores, resulting in earnings slowing that has led to an accumulation of long-term and short-term debt. It is presumed for this reason that Whole Foods placed a moratorium on new store openings.
Please share your insight on this topic.