Three of Whole Foods’ Competitors Are Filing for Bankruptcy
Earth Fare, Lucky’s Market, and Fairway are three organic food retailers who have gone under in the last month. It’s a sign of increased competition in the space. Whole Foods’ biggest competitor is also showing signs of distress. Sprouts Farmers Market’s stock is declining and the company is losing market capitalization.
Big companies. Essential products. Burgeoning delivery options. It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. But that’s not the case, especially if you compete with Whole Foods.