Whole Foods Market Is A Supermarket That Carries Natural...

Whole Foods Market, Inc is a supermarket that carries natural and organic foods. The company was founded by John Mackey, and Renee Lawson Hardy, who were owners of Safer Way Natural Foods. The other founders are Craig Weller and Mark Skiles who were owners of Clarksville Natural Grocery. They opened their first store in Austin Texas in 1980. In 1992 they completed their initial public offering and under NASDAQ Global Select Market they have the symbol of WFM. As of 2015 they have 431 stores. Current Situation Current Performance Whole Foods Market has a year end of September 30th. The most recent financial fiscal year information will be from October, 2014 thru September 27, 2015. According to Form 10-K (P. 23) Whole Foods Market had a â€Å"return on investment capital of 13.4% which is a decrease from 2014 fiscal year of 14.7%.† In 2015 they had a net income of $536 million which is also a decrease from 2014, which they reported net income of $579 million. (Form 10-K, P 18). According to â€Å"Whole Foods Market, Inc Key Statistics,† Their profitability margin was 3.48% in 2015.† The decreases in their return on investment capital and profitability could be from some strategic initiatives they took on in 2015. These initiatives include, â€Å"opening 38 new stores, sales of over $2.1 billion in Exclusive Brands and close to $3.0 billion in prepared foods and baker, their first national brand campaign, implementation of Workday for online HR management, and an introductionShow MoreRelatedWhole Foods Company Overview1437 Words   |  6 PagesThe Whole Food’s Mission is Whole Food, Whole People, Whole Planet. Whole Foods consist of the highest quality, least processed, most flavorful and naturally preserved foods available locally and grown from all over the world. Whole People result from empowering, the best people they can recruit, to make many operational decisions, creating a respectful workplace where team members are treated fairly and are highly motivated to succeed. Whole Planet is the belief that companies, like individualsRead More1.The Disruption Of Significant Supplier Relationships1383 Words   |  6 Pagesrelationships could negatively affect the business. The company is overly dependent on its supplier (United Natural Foods, Inc.), more than 30% of their total purchases in 2016 are from the same supplier. If the relationship with the supplier become difficult or it is cancelled the company may face serious problems of supplying. 2. A loss in consumer confidence in the safety and quality of certain food products could materially impact the results of the operations. One of the company’s competitive advantageRead MoreThe Threat Of New Entrants1725 Words   |  7 Pagesof new entrants is low in the natural food industry. Economies of scale decrease long run average costs which generate lower prices for customers and give a firm the ability to expand. Significant economies of scale for the natural food markets, including Whole Foods, are high, with the ability to create large volumes with low costs. The barrier for both entering into and exiting from the industry are strong. Entry to the natural food markets is either supermarkets changing their corporate imagesRead MoreWhole Foods Market1449 Words   |  6 Pagesï » ¿Whole Foods Market, Inc. A. SIC/NAICS #’s - The SIC number for Whole Foods Market, Inc. is 5411, which implies grocery stores. The NAICS number for Whole Foods is 445110, which means supermarkets and other grocery (except convenience) stores. (Mergent Online) B. Mission Statement - Barbara Farfan who writes for about.com states, â€Å"The mission statement of the Whole Foods Company and Whole Foods Markets begins with its motto, which is Whole Foods, Whole People, Whole Planet The Whole Foods missionRead MoreMarketing Mix1544 Words   |  7 Pagesof the consumers in a target market as well as maximizes the performance of the organization. A detailed look into the four P’s of the marketing mix as well as practical application will give greater understanding to how the process works. Whole Foods Market will be used to further explain the four P’s of the marketing mix. The first component of the marketing mix is product. â€Å"The product area is concerned with developing the right product for the target market†¦(and) may involve a physical goodRead MoreHome Assignment on Whole Foods Market3430 Words   |  14 PagesHome assignment on Whole Foods Market 1. Related products Whole Foods Market only sells products that meet its self-created quality standards for being natural, which the store defines as: minimally processed foods that are free of hydrogenated fats as well as  artificial flavors, colors, sweeteners, preservatives and products that are listed on their online Unacceptable Food Ingredients list. Whole Foods Market has also announced that it does not intend to sell meat or milk from  cloned  animalsRead MoreHistory Of The Original Whole Foods Market Essay1258 Words   |  6 PagesSaferWay, a natural foods store in Austin, Texas. However, the couple was booted out of their apartment when the owners discovered they were storing the stores food products in there. They decided to live at their store, because it was zoned as commercial. It was a little difficult at first because there was no shower stalls there; however, they bathed in Hobart dishwasher, which had a hose attached. Two years down the road, the couple decided to merge with the owners of Clarksville Natural Grocery,Read MoreSituation Analysis for Whole Foods Markets5587 Words   |  23 PagesRequested Situation Analysis for Whole Foods Markets ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- In response to your request for a thorough analysis of the strategic position of Whole Foods Markets, and the industry in which it operates, an analysis has been performed and the results can be found below. In conclusion, a recommendation for Whole Foods Markets, based on the analysis, will beRead MoreAn Analysis of the Business Strategy of Whole Foods874 Words   |  4 PagesWhole Foods utilizes a differentiated strategy, focused on organic and natural foods. This distinguishes them from mainstream grocery competitors, and puts them into competition with other specialized grocery outlets (Urani, 2008). This differentiation, combined with more traditional grocery industry size and operations, gives the company an advantage over most of its competitors. The grocery industry is highly fragmented, with a multitude of strong regional players (Safeway, Publix, KroegerRead MoreWhole Foods International Expansion Essay5105 Words   |  21 PagesPlan: Whole Foods Market Expands to Munich, Germany October 15, 2012 Abstract Whole Foods Market, a supermarket chain which emphasizes natural and organic products, centers their core competencies and values on product quality, pleasing customers, creating a positive environment for employees, education on healthy eating, prosperity, environmental stewardship and positive partnerships with suppliers. Listed as one of the worlds healthiest countries, Germany is an ideal location for Whole Foods