Competition heating up for Whole Foods

August 1, 2013 | By RetailME Bureau

US-based food supermarket chain Whole Foods Market Inc lowered the top-end of its annual same-store sales forecast with its competitors moving into the natural foods business. The chain posted fiscal third-quarter revenue that trailed analysts’ estimates and its same-store sales growth for the said period has also slowed to 5.8%. The company now sees annual growth of as much as 7.3%, slightly below a previous forecast.

Sales in locations open for at least a year rose 7.5% in the company’s third quarter and Whole Foods had previously forecast a similar growth rate for fiscal 2013. Revenue in the three months ended July 7 rose 12% to $3.06 billion and net income rose 21% to $142 million from about $117 million a year earlier.

Whole Foods has plans to increase its store base to 1,000 locations in the US. It has also tried to boost sales by appealing to health-conscious Americans as it faces competition from natural and organic food sellers such as Fairway Group Holdings Corp and Sprouts Farmers Market.



Previous Article Next Article



Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair

International food retailer, SPAR has today announced a global partnership to tackle food waste with the 

Continue Reading

December 3, 2020 | By RetailME Bureau

UAE-based concept grocery retail chain, Grandiose has opened a new supermarket within 

Continue Reading

November 22, 2020 | By RetailME Bureau

US-based fast food chain, Nathan’s famous Inc. brings another New York classic, 

Continue Reading

November 12, 2020 | By RetailME Bureau

Dubai-based Union Coop, the leading Consumer Cooperative in the UAE, opened its 

Continue Reading

November 11, 2020 | By RetailME Bureau

UAE homegrown marketplace, has announced its Yellow Friday sale from November 

Continue Reading

November 5, 2020 | By RetailME Bureau

UAE-based Al Maya Group officially launched an exclusive range of Woolworths products 

Continue Reading

October 30, 2020 | By RetailME Bureau

Download Images RetailME Magazine