Whole Foods Market - Statistics & Facts
Whole Foods Market is an U.S.-based grocery retailer with an emphasis on organic and natural food products. The firm鈥檚 roots date back to September 20, 1980, when the retailer opened its first store in Austin, Texas. The company鈥檚 headquarters still remains in the Texan capital city.
In order to restore its key reputation of being natural and reliable in consumers' minds and to differentiate itself from its stronger up-and-coming competitors, Whole Foods Market started a huge national branding campaign. The New York Times estimated the budget for this campaign between 15 and 20 million U.S. dollars. In 2017, Whole Foods Market spent about 113 million U.S. dollars on advertising worldwide. In 2020, based on a survey ranking customer satisfaction with leading U.S. supermarkets, Whole Foods received a customer ranking of 77 out of 100.
Acquisition by Amazon
In August 2017, Whole Foods Market was acquired by Amazon.com, a merger which caused a stir in both the tech and grocery retail industries. In its latest annual report, in 2017 Whole Foods Market had net sales amounting to about 16 billion U.S. dollars. Most of their sales were generated within the United States. Following the Amazon acquisition, Whole Foods retained its physical store presence, and accounted for 500 locations in Amazon's physical store portfolio for 2020.Whole Foods: prices and food standards
In its early years, the food retailer was especially known for its high food standards and even the brand name was used synonymously with 鈥榟ealth鈥 and 鈥榦rganic鈥. Lately, Whole Foods Market has been accused of having overly high prices and overcharging. However, there is hope that the online retail giant will make Whole Foods Market more affordable, and perhaps consumers will stop jokingly referring to it as 鈥淲hole Paycheck鈥.In order to restore its key reputation of being natural and reliable in consumers' minds and to differentiate itself from its stronger up-and-coming competitors, Whole Foods Market started a huge national branding campaign. The New York Times estimated the budget for this campaign between 15 and 20 million U.S. dollars. In 2017, Whole Foods Market spent about 113 million U.S. dollars on advertising worldwide. In 2020, based on a survey ranking customer satisfaction with leading U.S. supermarkets, Whole Foods received a customer ranking of 77 out of 100.
