Whole Foods Market says it is working to rebuild its sales and traffic in order to stay profitable and establish growth, according to the supermarketnews.com.
John Mackey, founder and co-CE0 of the company, told investors on Nov. 4, that although the business has their work cut out for them, they are taking the needed steps to keep the speciality grocery chain alive and well, said the supermarketnews.com.
According to supermarkeetnews.com, some of the steps outlined by Mackey included:
• Reduce expenses by more than $300 million by the end of 2017.
• Focus more on exclusive brands and on prepared foods.
• Invest in technology to improve the shopping experience.
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