Whole Foods in deep financial trouble; sales plummet following deceptive anti-labeling position with Monsanto

‘The financial outlook for Whole Foods Market continues to look grim, as consumers seeking natural and organic products continue to take their business elsewhere.
As far back as 2014, then-CEO John Mackey admitted that the company was hurting due to an explosion in the number of stores selling organic groceries.
“The growing demand for fresh, healthy foods, the offering of natural and organic products is expanding everywhere [in] new stores, existing stores and online,” Mackey said.
The company has also been hit by several recent scandals, including allegations of price-gouging, and more recently, of colluding with Monsanto to ensure the passage of a bill that bans the labeling of foods made with genetically modified organisms (GMOs).’
Read more: Whole Foods in deep financial trouble; sales plummet following deceptive anti-labeling position with Monsanto