Not unexpectedly, the economic tough times are taking a toll on high-end supermarkets like Whole Foods. But there’s always someone willing to throw good money after bad.
Whole Foods had a bad quarter. No big surprise. Fortunately a sugar-daddy stepped in with a wad of cash to provide the “financial flexibility to manage through these difficult economic times.” We’ll see.
For a hilarious take on the Whole Foods phenomenon including the recent troubles, check out Tim Hayward at the Gaurdian. He actually called Whole Foods a “grotesquely overpriced bunny-food emporium.” And I thought I was hard on Whole Foods!
Meanwhile, Luby’s reported a
3.7 million dollar loss for the quarter. Ouch. I guess the price increase hasn’t kicked in yet.
