Is The Reign Of Whole Foods Over?

Keep Houston Press Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

Those glorified days when "Whole Paycheck" was


place to shop for all your grocery needs, as long as your grocery needs included union-cut arugula from obscure South American countries, may be ending.

The Austin-based company is taking a beating in the press over its latest financial report.

"Whole Foods Wilting" and "Wholesale Sell-Off at Whole Foods" are not headlines that bring smiles to company execs.

A statement released to the media by the company says things may not be peachy-keen right now, but they will eventually be so once again.

"Our business model has been highly successful, and we remain very bullish on our growth prospects as the market for natural and organic products continues to grow and as our company continues to evolve; however, the challenging economic environment appears to be negatively impacting our sales," said John Mackey, chairman, chief executive officer, and co-founder of Whole Foods Market. "This, combined with our commitment to maintaining financial flexibility and investing prudently in our long-term growth, has led us to take a more conservative approach to our growth and business strategy over the short term."

Whole Foods is cutting back by half the number of new stores it expects to open in fiscal 2009. No word on how that will affect the Houston market; a new Whole Foods store was announced for the corner of Waugh and Dallas a while back.

-- Richard Connelly

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Press community and help support independent local journalism in Houston.


Join the Press community and help support independent local journalism in Houston.