Retailing

Whole Foods Announces Plans for Growth

May 11, 2017
   

 Could mean fewer local products

Whole Foods has been under pressure from activist investors to sell the company, and to try to turn things around, it announced several changes to its management team and a plan to have $18 billion in sales by 2020.

However this effort to cut costs and spur sales could mean fewer chances for local food producers to find success at the chain, according to industry watchers. Many of the purchasing decisions have shifted away from the regional divisions and stores and to the corporate headquarters.

Click here to read more about the changes at Whole Foods from TGR’s sister publication Progressive Grocer.