‘Staggering’ Customer Loss At Wholefoods Might Mean Cheaper Asparagus Water For You
Whole Foods’ gimmicky shenanigans are a well documented phenomenon. We’ve covered just about everything — the company’s produce butcher, their infamous six dollar asparagus water, eco-friendly pre-peeled oranges, and even the introduction of vinyl records AT A GROCER. We scratched our heads at Whole Foods’ curious frivolity, but the company’s vision is finally starting to make sense. With the emergence of one fierce competitor, Whole Foods has felt the loss of millions of customers and we’re starting to believe they saw it coming from miles away. Hence all that desperate scheming.
According to Karen Short, an analyst for Barclays, Whole Foods has lost as many as 14 million customers in the past six quarters to none other than Kroger. The conventional grocery store recently bolstered its organic food supply in an effort to lure customers away from Whole Foods and other organic food markets and their efforts appear to be working. According to Business Insider, last year, the sale of natural and organic foods at Kroger totaled $16 billion compared to $15.8 billion sold at Whole Foods.
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