(Reuters)Whole Foods Market has known for some time that it is a business in need of course correction. Jana Partners, the investor, encouraged the organic grocery chain to do a top-to-bottom reevaluation of its strategies and practices. In a statement,the grocer said: “Whole Foods Market welcomes investment in the Company and is open to the views and opinions of all of our shareholders. Diane Sheehan, a grocery industry analyst with Kantar, said this might in part reflect the fact that Whole Foods stores are sometimes clustered close together. That means those stores probably are not expanding the base of Whole Foods shoppers; they’re just fighting among themselves for the same crowd.

Source: Washington Post April 12, 2017 11:01 UTC