Economics
WORKFORCE AND AWARDS
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Size: In comparison, Whole Foods competitors such as Kroger has 310,000 employees while Trader Joe’s has more than 30,000 employees.
Whole Foods Diversity Mission: Our success is dependent on the collective energy and intelligence of all our team members. We strive to create a work environment where motivated team members can flourish and succeed to their highest potential. We appreciate effort and reward results.
Photos retrieved from:
http://www.soophotography.com/blog/images_1000/2011-08-23-wholefoodsmarket2007.jpg
http://i2.cdn.turner.com/money/.element/img/1.0/sections/mag/fortune/bestcompanies/2010/snapshots/whole_foods_market__bctwf.jpg
http://sellmorebeds.files.wordpress.com/2011/12/whole_foods_market_conscious_capitalism.jpg
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Size
1980: 19 employees
2013: 73,000 employees
Diversity
Minorities: 44%
Women:44%
Ranked 15 of 100 “Most Diverse Companies” (Fortune)
Offers Domestic-partner Benefits
Workplace Environment
Self-directed Teams
Training Programs and Resources
Whole Foods employees are not unionized.
Ranked 24 of 100 “Best Companies to Work For” (Fortune)
Greenest Retail Companies in the US (Newsweek)
ECONOMICS
Economic Growth (as of 9/30/12)
Sales: $11.7B
Comparable-store Sales: 8.5% increase
Identical-store Sales: 8.3% increase
Sales Growth: 24%
in first 13 weeks of
FY12 compared to
first 12 weeks
of FY11
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In comparison, Whole Foods competitors recent annual earnings were estimated to be $96B for Kroger and $8B for Trader Joes.
Graph retrieved from:
http://technically.us/pictures/oliveoil.jpg
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Whole Foods Sales Growth vs. Comparable Stores
Whole Foods
FY2010 FY2011 FY2012 0.11 0.11 0.13600000000000001 Comparable Stores
FY2010 FY2011 FY2012 6.6000000000000003E-2 9.1999999999999998E-2 6.6000000000000003E-2
ECONOMICS (continued)
Whole Foods attributes their success to their relationship with shareholders, which is predicated upon:
Ability to instill a clear sense of interdependence
Efforts to communicate more often, more openly and more compassionately.
Better communication equals better understanding and more trust.
Providing transparency by posting management presentations, conference call scripts, annual reports, corporate governance information and investor FAQs to their company website.
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MARKETING INTERESTS AND STRATEGIES
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*Allows each region/country to focus on the needs of the client.
**Whole Foods is active in the following social media platforms: Facebook, Twitter, Instagram, Pinterest, and YouTube.
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Strengths
Weaknesses
Decentralized business structure
Leadership may be unaware of the business structure of smaller offices.
Products are expensive
Opportunities
Offer online ordering with in-store pickup
Become more involved in social media: management blogs, customer blogs, recipes, and incentive sales surveys
Threats
Downturn of economy
Competition of mainstream grocery stores offering more natural and organic products.
Active in social media**
Decentralized business structure*
Offers a large selection of natural and organic foods
Committed to sustainability of the environment
ECONOMICS AND MAJOR BUSINESS INTERESTS
| Country Indicators | 2009 | 2010 | 2011 | 2012 |
| GNI per capita, PPP (current international $) | 26,300 | 27,970 | 30,480 | NA |
| Population, total | 26,796,375 | 27,258,387 | 27,761,728 | 28,287,855 |
| GDP (current US$ Billion) | 429.09 | 526.8 | 669.5 | 711.5 |
| GDP growth (annual %) | 2 | 7 | 9 | 5 |
| Life expectancy at birth, total (years) | 75 | 75 | 75 | NA |
Dominant oil producer, and owner of the world’s largest hydrocarbon reserves
263 billion barrels, 25% of the world’s reserves
Efforts to Diversify/ Industrial Expansion
Petrochemical
The government is seeking to encourage privatization, liberalize foreign trade, and reform the investment regime.
Oil accounts for around one-third of GDP, more than 90% of the country’s export earnings, and nearly 75% of government revenues
Construction
Transportation
Finance
Communications