Friday, March 11, 2016
Whole Foods rebounds, but there's a difference between the stock market and, well, a food market
Whole Foods was also hurt by a weights-and-pricing scandal that added insult to the injury of already-high prices.
So is this a good time to buy in? Maybe, but as an afficionado of the Trader Joe's business model, I'm put off by Whole Foods' recent announcement that it was going to cut 1,500 jobs. Trader Joe's outperforms in the grocery category in large measure because it is way overstaffed, by the standards of typical market.