Whole Foods in deep financial trouble; sales plummet following deceptive anti-labeling position with Monsanto

Whole Foods
Source: NaturalNews.com
David Gutierrez
October 21, 2016

The financial outlook for Whole Foods Market continues to look grim, as consumers seeking natural and organic products continue to take their business elsewhere.

As far back as 2014, then-CEO John Mackey admitted that the company was hurting due to an explosion in the number of stores selling organic groceries.

“The growing demand for fresh, healthy foods, the offering of natural and organic products is expanding everywhere [in] new stores, existing stores and online,” Mackey said.

The company has also been hit by several recent scandals, including allegations of price-gouging, and more recently, of colluding with Monsanto to ensure the passage of a bill that bans the labeling of foods made with genetically modified organisms (GMOs).

Company profits tanking

Whole Foods was in a vulnerable financial position even before the recent scandals erupted. Organic and natural food sales have exploded in the United States in the past decade, largely due to the entry of new players into the organic grocery market. This broke what had been an all but de facto monopoly for Whole Foods.

Organic food sales were $11 billion in 2004. By 2014, they had more than tripled. The combined organic and “natural” foods market had grown to $48 billion by 2012 – from just $6 billion in 1998.

A watershed moment for organic foods availability – and perhaps the beginning of the end for Whole Foods – came when Walmart entered the market in 2014, introducing a store-brand organics line priced 25 percent lower than its other organic products.

Then, last year, New York regulators accused Whole Foods of price gouging and cheating customers with false weights and measures. The company settled the charges, but the scandal only increased its image as an overpriced store that eats up your “Whole Paycheck.”

The company’s same-store sales have fallen every quarter for the past year, with another 2.1 percent drop expected for this quarter. Overall company earnings are predicted to fall both this year and next year. And the company’s stock has tanked, falling in 2014 and 2015 to a current level of 50 percent below the 2013 high. This year, the stock has fallen more than 10 percent more.

These factors left the company in a vulnerable position when food prices as a whole fell, causing an across-the-board drop in profits for all grocery stores.

Are consumers rejecting ‘organic traitors?’

A factor overlooked by many financial analysts, but potentially significant for the Whole Foods customer base, is the company’s collusion in the recent passage of the Denying Americans the Right to Know (DARK) Act 2.0. Posing as a GMO labeling bill, the DARK Act 2.0 actually banned all GMO labeling initiatives passed by state or local governments. Within two years, the government is now supposed to roll out a completely voluntary labeling initiative that requires consumers to call a 1-800 number or use a smartphone to scan a QR code for GMO ingredient information.

To top it off, the bill defines “GMO” so narrowly, that 95 percent of GMO products currently on the market are allowed to be labeled as non-GMO – including products made with corn or soy with the Bt or Roundup Ready traits.

Where does Whole Foods come in? According to the Center for Food Safety and small organic farmers groups, the DARK Act 2.0 would never have passed if major organic foods companies – including Whole Foods – had not lent their support to the bill, joining forces with Monsanto and the Grocery Manufacturers Association.

Other major “organic traitors” include UNFI (the country’s largest organic and natural foods wholesaler) and the Organic Trade Association, which represents companies such as Organic Valley, White Wave and Smuckers.

Ninety percent of U.S. residents support mandatory labeling of GMO foods.

Read More At: NaturalNews.com

Sources for this article include:

Money.CNN.com

BusinessInsider.com

NaturalNews.com

NaturalNews.com

EcoWatch.com

Whole Foods Goes ROGUE: Partners With Monsanto To Kill Genetically Modified Food Labelling Across America & Replace With Fake Labelling Deception…Senate Vote Planned As Early As Tomorrow

Whole Foods
Source: NaturalNews.com
Mike Adams
June 29, 2016

According to breaking news reports, Whole Foods Market (WFM) has gone full rogue, partnering with Monsanto to kill GMO labeling across America under the guise of a new, fraudulent “GMO labeling compromise” in the U.S. Senate that’s actually a fake labeling law requiring no clear labeling of GMOs whatsoever.

Food Democracy Now has issued this red alert, naming the sellout corporations (including Whole Foods) that have betrayed health-conscious consumers with a sellout deal that outlaws GMO labeling nationwide.

The deception on food labeling has never been greater. With this act of ultimate betrayal, Whole Foods cements its position as a poison-pushing distribution partner of Monsanto, the world’s most evil corporation that produces poisonous, deadly crops laced with bt toxin and glyphosate, a cancer-linked herbicide.

With this betrayal of consumers, Whole Foods might as well now be called, “POISON FOODS” because that’s what they’re pushing.

Click here for the Food Democracy Now petition page to take action now.

What follows is the full text of the Food Democracy Now announcement:

Whole Foods Joins Monsanto Try to Kill GMO Labeling in America

Washington D.C. — National grassroots organizations expressed their outrage today towards a group of U.S. Senators and major, self-described, “organic companies” that have brokered a backroom legislative deal to kill mandatory GMO labeling of food products across America while stifling first-of-its-kind state legislation in Vermont (slated to go in effect this Friday, July 1st) that would mandate labeling of foods that have been genetically engineered in laboratories.

The companies, including Whole Foods, Smucker’s and Organic Valley, among others, have historically funded major public relations and advertising campaigns to promote themselves as “organic” brands. Now, some national leaders are criticizing these companies for “selling out” the GMO labeling movement, public health and the environment and urging the public to fight back.

“Make no mistake, these self-proclaimed organic companies, including Whole Foods, Smucker’s Stonyfield and Organic Valley have just joined with Monsanto and sold out the ability for parents to know what they are feeding their children,” said Dave Murphy, Executive Director of Food Democracy Now!

Murphy continued, “Monsanto and Whole Foods’ new fake labeling bill would not only preempt Vermont’s bill this week, but all provisions of the bill are OPTIONAL — the bill’s language is so poorly written that it would actually not include 85% of the current GMOs on the market, including Roundup Ready GMOs owned by Monsanto that are sprayed with the weedkiller glyphosate, which the World Health Organization declared a “probable carcinogen” linked to cancer in lab animals and humans last year.”

Food Democracy Now! and Organic Consumers Association are now leading a grassroots pressure campaign to urge the US Senate to block the last minute legislative deal.

“Consumers need to resist this outrageous attack on consumer and states’ rights with their pocketbooks and their political voices,” said Ronnie Cummins, the International Director of the Organic Consumers Association. “This is an outrageous assault by corrupt corporate interests on our basic freedoms and a mother’s right to know what’s in the food they feed their children.”

Polls regularly show that ninety percent of American consumers want to know whether their food is genetically engineered and the impending Vermont GMO labeling law has already forced major food corporations to disclose GMO contamination in their products”.

“Now, at the last minute, a self-selected group of so-called “organic leaders,” including the head of Whole Foods Market, Walter Robb; Gary Hirshberg, the CEO of Stonyfield Farm, the bogus pro GMO labeling group Just Label It, run by the Environmental Working Group, and lobbyists for the corporate owned organic companies inside the Organic Trade Association (led by “natural” brands Smucker’s and White Wave) have made an absolutely corrupt bargain with Congress completely embracing an industry-crafted DARK Act “compromise”, now known as The Stabenow/Roberts bill,” continued Cummins.

A coalition of independent family own organic companies and consumers groups is actively working to get Senators the real facts about this bill even as the Organic Trade Association and its corporate-own organic companies are working behind the scenes to intentionally confuse Senators about what’s actually in the bill and the fact that the millions of Americans that actually support GMO labeling are not represented by their corrupt corporate interests.

Take action NOW or be forever screwed by Whole Foods and Monsanto

Click here for the Food Democracy Now petition page to take action now.

Call your U.S. Senator at this switchboard number: (202) 224-3121

Demand they vote AGAINST the GMO labeling “compromise” being pushed by Monsanto.

Read More At: NaturalNews.com