After the grocery chain released its fourth quarter results on Wednesday its stock dropped more than 6%,but the company says its a momentary setbackFood-conscious Americans could save Whole Foods, says the company. All the upscale supermarket has to attain 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 biological and locally grown produce and items such as humane meats.
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Source: theguardian.com