Whole Foods has a paradoxical problem: Its products are just too popular.
The high-end grocery chain said it would close nine stores last week after a year and a half of falling same-store sales.
Yet ironically, the organic food craze it pioneered has never been bigger.
Responsibly-sourced groceries now see the sort of demand of which Whole Foods could only dream during its early decades of relative obscurity.
But there's a catch: All the fuss over organic fare has drawn the eye of mass-market competitors like Kroger, Walmart and Costco which can easily undercut the store's steep prices. Read more...
More about Costco, Kroger, Walmart, Whole Foods, and Businessfrom Mashable http://ift.tt/2lPLLOv
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