"The Daily Courier" declare : Whole Foods closed due to declining profits

Wednesday morning, Feb. 8, the grocer's corporate office announced it would shut down the Prescott location along with eight other stores in other states because of declining profits. "As we work to position Whole Foods Market for long-term success, we have carefully evaluated our portfolio of stores to align with a more thoughtful growth strategy," said Whole Foods spokeswoman Betsy Harden. Whole Foods Market is now a store of the past for Prescott. "As a result, we have decided to close the Prescott store. On Tuesday, Feb. 7, all of the store's employees were told there was going to be a meeting the next day at 6 a.m.


As it stated in But the bump for WFM stock on Thursday despite falling in Wednesday's after hours offers some more technical promise for the stock, too. WFM stock slid around 4% in after-hours trading. The struggles for WFM stock have been reflected in its price for some time. Whole Foods stock hit a peak in late 2013 at about $65 per share and is now sitting at less than half that value. On Wednesday, high-end grocer Whole Foods Market, Inc. (NASDAQ: WFM ) reported adjusted first-quarter earnings that came in right in line with Wall Street's expectations of 39 cents per share.


As it stated in

Commerzbank Aktiengesellschaft FI Sells 17,550 Shares of Whole Foods Market, Inc. (WFM)

Whole Foods Market Company ProfileWhole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. Commerzbank Aktiengesellschaft FI's holdings in Whole Foods Market were worth $3,470,000 as of its most recent filing with the SEC. Commerzbank Aktiengesellschaft FI decreased its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 13.5% during the fourth quarter, Holdings Channel reports. Sand Hill Global Advisors LLC purchased a new position in Whole Foods Market during the second quarter valued at $3,813,000. O Shaughnessy Asset Management LLC purchased a new position in Whole Foods Market during the second quarter valued at $5,956,000.




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