An expensive operating model and loss of dominance in the organic food market are major issues grocery chain Whole Foods is facing as it tries to turn around from a year of floundering sales. Yet, despite the “noise” surrounding activist investor JANA Partners’ additional stock purchase in early April, Whole Foods is still viewed as a desirable tenant by shopping center landlords.
Although JANA’s move was hailed by
some analysts, Whole Foods faces operating and competitive hurdles and
remains in the early stages of implementing a strategy to regain lost
market share.. . . more