ML-Implode News - Mackey Takes Over Floundering Whole Foods (AS HEALTHY FOOD BECOMES A NON-MONOPOLY!!)

Mr. Mackey has spearheaded a nine-point plan to turn around his stumbling company, which includes more promotional discounts in its stores and a new, less-expensive spinoff chain called 365 by Whole Foods Market.
The company has gone through a serious downturn, hurt by increased competition in the market for natural and organic foods. On Wednesday, it posted fourth-quarter results that cemented its first annual decline in same-store sales since 2009.
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For the year, the company's same-store sales retreated 2.5%, wider than the 2.4% decline predicted by FactSet analysts and the 2% fall predicted by the company.

The only other time the company posted an annual slide in same-store sales was in 2009, when the metric dropped 3.1%.

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Mackey Takes Over Floundering Whole Foods (AS HEALTHY FOOD BECOMES A NON-MONOPOLY!!)