The Washington Post is reporting that Whole Foods markets has had a shake-up at the top. Stagnant and struggling, the company is a victim of the ever changing retail grocery market.
Attempts are being made to offer new options at its stores. Cost cutting measures are also being implemented. If you are a customer of Whole Foods, or an
investor, this is a must read. It will give you an idea of what is going on, and what to expect, in the near term with this grocery chain.
Key Takeaways:
- Whole foods is replacing 5 of 12 members on its board of directors to try and push the company in the right direction.
- Although their revenue increased, their overall sales this past year has seen a decline and they need to make it right.
- New board members have incredible retail experience and it is a welcoming change to their previous board members.
“Whole Foods Market on Wednesday announced a drastic shake-up of its board of directors, replacing five of 12 members in a bid to reassure investors that it is taking action to bounce back from a sustained slump.”
