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


It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

Download Images RetailME Magazine