Bummer for Whole Foods

Not than anyone is buying any stocks these days (are you?) but I happened to have a very small number of Whole Foods shares, so this bit of news explains why Whole Foods have been tanking (other than the general lowering tide which lowers all boats)
"... Whole Foods has had a cult like following amongst upscale urban
professionals. Aspirational shoppers even mocked their own spending by
nicknaming Whole Foods:  “Whole Paycheck”.  Given the economic
instability though, customers are staying away from Whole Foods in
droves...." (from Seeking Alpha, Whole Foods in a Whole Lot of Trouble)


Posted on November 19, 2008 and filed under Life.