The Whole Foods Market: Principles Of Management

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Ashley Ricciardi Professor Barreiro Principles of Management 12-9-15 Whole Foods Market Whole Foods Market was founded in 1980 in Austin Texas. Whole Foods established the concept of supermarkets getting involved with the retailing of natural and organic foods. Most of Whole Foods products are free of pesticides, preservatives, and sweeteners. Whole Foods stresses their perishable and prepared foods which make up about two thirds of their sales. It has become the #1 natural supermarket food chain. Whole Foods Market has over 430 stores between the US, Canada, and the UK. There are roughly 20 stores operating Whole Foods Markets in Canada and the UK. This accounts for about three percent of its sales outside of the US.…show more content…
Whole Foods has a commitment to the professional growth and development opportunities of their employees. They encourage their employees to pursue their personal passions. Whole Foods has also made FORTUNE’S, “Most Diverse” list in 2015. Their staff consists of 44% women and 43% minorities. Whole Foods aims to have equal employment opportunities for all applicants. They also made the list for “Best Perks.” They offer gym membership discounts, a 20% store discount, medical care, dental plan, vision plan, life insurance, retirement savings plan, paid time off, leaves of absence, and team member emergency funds. By providing all this to their employees it makes people want to work for Whole Foods, and once they get the job they don’t want to leave because it’s a friendly environment to work in, there is always opportunity to grow, and they have good…show more content…
They both aim at giving their customers healthier and more natural products but Trader Joe’s variety is nothing compared to Whole Foods. However, I think that within the next five years Whole Foods may gain some serious competitors. There are a lot of supermarkets aiming at having more organic, gluten free, and all natural products on their shelves. We are seeing these products much more because a lot of customers are requesting these healthier items. However, because Whole Foods has made such a big name for themselves and they have so much variety of organic and natural products I think they will be able to triumph their competitors. Whole Foods may be expensive, it is often referred to as “Whole Paycheck,” but to me I believe that shopping at Whole Foods is totally worth it. Whole Foods knows that their customers are the most important stakeholders in their business and they want to promote the health of their stakeholders by giving them the healthiest option for food

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