Clear your Saturday afternoon because a local flea market for a good cause is coming to a rooftop near you. Whole Flea, aptly named as it takes place atop Whole Foods South Street, will feature over forty vendors selling hand-crafted jewelry, body products, home goods, art, antiques, ceramics, food, clothing and more. Read more »
It’s no secret: people love themselves some Trader Joe’s and Whole Foods. Almost any time a new mixed-use development is proposed in Philadelphia with enough retail space that could possibly fit a grocery store, residents come out of the woodwork to clamor for a Trader Joe’s or a Whole Foods.
You know what those people also love? Money. It’s called “Whole Foods Effect” – a real estate phenomenon where property values seemingly rise in areas surrounding the Austin-based organic grocery chain. The presence of a Whole Foods, especially in urban neighborhoods, seems to certify that a home buyer has made a quality choice of settling in that area.
Well, it turns out that it could probably be called the “Trader Joe’s Effect.” RealtyTrac recently ran some of the numbers and came to an interesting conclusion: “What we found is that homeowners near a Trader Joe’s have experienced better home value appreciation since their purchase, but also pay higher property taxes on average.”
In the wake of an overcharging scandal, the problems for Whole Foods continue. Shareholder Yochanan Markman is leading a class-action lawsuit on behalf of purchasers of Whole Foods securities claiming that the situation drove down the share price and that the company made false or misleading statements and “routinely overstated the weight of its pre-packaged products and overcharged customers.” Read more »
Whole Foods Market has just signed a lease on 55,000 square feet in Exton, Pa. The Chester County site will be the 11th Whole Foods store in Pennsylvania and the 9th in the Philadelphia area.
No opening date has been set and the number of jobs it will bring to the region is unclear. Read more »
In its earnings call yesterday, Whole Foods executives said the widely reported price overcharging scandal hit the business hard, slowing sales growth sharply. The revelation came in the wake of a New York Department of Consumer Affairs investigation finding that the high-end grocery chain overcharged for pre-packaged foods like nuts, berries and vegetables. The company’s co-CEOs even issued an apology on YouTube.
But during Wednesday’s earnings call, a Whole Foods co-CEO said that the business — not the overcharged customer — is actually the victim here. Business Insider reports this juicy quote from co-CEO John Mackey:
“It’s just something that went viral in the media and it has hurt our trust and we do feel like we’re victims.”
That’s a far cry from the tone of the apology video, where the company promised to increase its training, implement a third-party auditing system, and offer products for free if they can find weighing mistakes.
He went on to say that Whole Foods’ track record on overcharging is about the same as other grocery stores, and that he doesn’t understand “why the media went so wild with this.”
Really? The store was overcharging more than $4 for a package of chicken — how can that be a rounding error? Plus, how does this guy not understand that customers think Whole Foods is too expensive? They call it Whole Paycheck for crying out loud.
As the appetite for organic, healthier food choices continues to increase, Whole Foods is facing pressure from co-ops, farmer’s markets as well as traditional grocery chains that are stepping up their organic options.
To combat the onslaught (and the Whole Paycheck stereotype) Whole Foods announced that it’s planning 365 by Whole Foods Market, a new chain of smaller, less expensive stores. No word yet, on whether it has plans for a Philly location.
Sometimes the best beauty products can be found in the most unexpected places (West Philly’s International Food and Spices, South Philly’s Fante’s). So when we came across this great article breaking down the best finds at Trader Joe’s — think yummy Coconut Body Butter and anti-aging Nourish Antioxidant Facial Serum — we decided to do some digging of our own. Here, Philly Mag’s discerning editors share their favorite go-to beauty buys from Whole Foods and Trader Joe’s.
Last week, we told you guys that Whole Foods had been caught overcharging customers for prepackaged foods (think: nuts, berries, fruit, seafood) in their New York stores. And now, our friends over at BizPhilly have alerted us that co-CEOs Walter Robb and John Mackey have issued a video apology, ’fessing up to overcharging customers, though they say it was unintentional.
If Whole Foods wants to drop the “Whole Paycheck” stereotype, today’s news won’t help.
In the wake of a New York Department of Consumer Affairs investigation finding that the high-end grocery chain is overcharging customers for pre-packaged foods like nuts, berries and vegetables, the company’s co-CEOs issued an apology. Read more »
If Whole Foods is your happy place, prepare to have your day ruined right about now: The company was just busted by the New York Department of Consumer Affairs for overcharging customers for pre-packaged foods at stores all across the city of New York. So, all the haters who’ve been complaining for years that Whole Foods is a giant rip-off were kind of right.
If you stopped by La Colombe‘s flagship location in Fishtown this weekend, you were likely offered a sample of its latest creation: The draft latte — a coffee and milk combo poured from a keg that has a semi-sweet taste and a slight milkshake-like texture. The best part is that there’s no ice diluting the drink and screwing up the taste.
But that bit of frothy good news is just the beginning. The company plans to start producing cans of the draft latte to sell in stores across the country. CEO Todd Carmichael thinks it’s a product that can seriously disrupt a market dominated by Starbucks and its bottled Frappuccino. Read more »