Changes at Whole Foods Could Mean Fewer Local Products
Food industry experts believe that local foods will have less of a presence at Whole Foods Market now that the company has come under shareholder pressure to cut costs and boost falling sales. The retailer is shifting many purchasing decisions to its national office, and local food manufacturers fear that a sale to a competitor may limit their opportunities to grow. The company recently closed some stores as well, hurting local producers.
Mark Tilsen, president of Native American Natural Foods, estimates that about 10 percent of the brand's $5 million in annual sales comes from Whole Foods. But Tilsen is worried about the future, especially as it faces increased competition from the General Mills-owned Epic snack brand launching competing products at Whole Foods, reports Omaha World-Herald. Full Story
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