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The future of Whole Foods isn't about groceries

from Bloomberg

Inside the Whole Foods Market in midtown Manhattan at lunchtime, it's easy to forget that the organic supermarket chain is suffering its biggest crisis since going public in 1992. Whole Foods Market Inc., facing pressure from restless shareholders after nearly two years of sliding sales, still has cachet in New York and other pockets of the U.S. That unique foodie appeal is key to a turnaround if Chief Executive Officer John Mackey is able to improve operations, said Charles Kantor, a managing director at Neuberger Berman, one of the grocery chain’s 10 biggest investors. more


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