Analysis
Will retailers of organic produce make a comeback?
Whole Foods is embarking on a 10-year growth plan just as it announced that hundreds of corporate roles are at risk, while Planet Organic fell into and was rescued out of administration in the space of one week by its founder – could this supermarket niche be due for a refresh?
Whole Foods, which was acquired by Amazon in August 2017, started off the year with a cut-and-dried plan to invest profits strategically. In what CEO Jason Buechel called “a 10-year vision for leading the company into the future”, the organic produce retailer aims to set records for new store growth, as well as expand to new markets around the world.
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