IT'S A MATTER OF TRUST
/On July 20, 2015, The Wall Street Journal reported the disappointing quarterly results for Whole Foods Markets, a natural-foods grocer. Sales at established stores rose 1.3% in the three months ending July 5 – its weakest growth since 2003 (WSJ, 7/30/15, p. B1). The main explanation for the modest sales growth was the increasing competition from mainstream retailers now stocking local and organic food. However, pointing the finger at increasing competition may mask the real reason for the modest sales growth at Whole Foods.
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