Food For Thought

Submitted by ub on Wed, 12/30/2015 - 23:59

Eating up Whole Foods market share: It was not a good year for Austin-based Whole Foods Market Inc. (Nasdaq: WFM). The organic grocer reported disappointing financial results for several quarters and is working on a new concept, a millennial-oriented discount chain, to improve its numbers.

In recent years, Publix has put a big focus on its organic selection, prepared foods and upscale touches — all of which Whole Foods is known for. Publix, while a mainstream grocer, seems to have succeeded in luring in some of Whole Foods' shoppers — and eating up its market share. In September, Whole Foods announced plans to slash jobs nationwide.

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