Economy

Why does Whole Foods have so many empty shelves these days?

Why does Whole Foods have so many empty shelves these days?

They love the lower prices, but Business Insider reports that people all over the USA have noticed there's less food in the stores - and they've been posting evidence of bare shelves on Twitter.

But employees say the problem stems from a new buying system called order-to-shelf that Whole Foods implemented early past year, before the acquisition, according to Business Insider. Described by Business Insider as a "tightly controlled system created to streamline and track product purchases, displays, storage, and sales", the system allows employees to essentially forgo stock rooms by carrying products directly from delivery trucks to shelves. OTS has caused a lot of employees to move past stock rooms and bring products directly from delivery trucks to Whole Foods shelves. Shoppers believe the blame lies in Amazon, which has failed to keep up with increasing foot traffic in its stores since the $13.7 billion purchase.

Earlier this month, Barclays analysts visited Whole Foods stores across the country and found "entirely empty" shelves and high out-of-stocks in every department, as well as food that appeared to be in poor condition. Workers say that it's "crushed" morale in stores, where everybody operates in a sort of constant fear of getting "walked" (having management physically go through their section). It's not that we don't care - we do.

AMZN stock is up more than 0.3% on Thursday. A product mention by a celebrity, for example, could lead to rush in purchases a store may not be prepared for under the OTS system losing potentially thousands of dollars in sales.

More news: Prosecutors ask for 19 more accusers to testify at Bill Cosby's retrial

Employees said they have been following the same inventory and ordering processes since they opened in September. "After three write-ups, they can lose their job", Business Insider reports.

"Last week, we ran out of onions and potatoes twice", an employee of a Brooklyn Whole Foods store said.

'Entire displays, refrigerated cases, and end caps were completely empty. And Trader Joe's, the discount natural food chain, was just ranked as the most preferred supermarket in a national customer poll.


  • Zacks Investment Research Lowers Molson Coors Brewing (TAP) to Hold

    After $0.03 actual EPS reported by Energy Recovery, Inc. for the previous quarter, Wall Street now forecasts 966.67% EPS growth. Getting caught up in the details from news and various economic reports may leave the average investor dizzy and confused.
    Stoke complete Kostas Stafylidis deal

    Stoke complete Kostas Stafylidis deal

    Stafylidis is returning to England after spending the 2014/15 season in the Championship, on loan at Fulham. Stoke have also announced the departure of first-team coach Eddie Niedzwiecki.
    Father of two deported to Mexico after 30 years in US

    Father of two deported to Mexico after 30 years in US

    Jorge Garcia had been facing deportation for several years but was granted stays of removal under the Obama administration. He has no criminal record, pays taxes and has long sought legal status, according to his family.
  • Minnesota gained 8900 jobs in December, led by construction

    Minnesota gained 8900 jobs in December, led by construction

    For all of 2017, Minnesota gained 44,200 jobs and saw a growth rate of 1.5 percent, matching the US job growth rate, DEED said. Financial activities lost 808 jobs, and information lost 696 jobs - the only two state sectors that lost jobs in 2017.

    Weatherford International's (NYSE:WFT) "Buy" Rating Reiterated at Gabelli

    Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. The Manufacturers Life Insurance Company grew its holdings in shares of Weatherford International by 8.9% during the 2nd quarter.

    Platform Specialty Products Corporation (PAH), Western Digital Corporation (WDC)

    Platform Specialty Products Corporation (PAH ) formed double bottom with $10.84 target or 3.00% below today's $11.18 share price. California Public Employees Retirement System lifted its position in Platform Specialty Products by 1.5% in the 3rd quarter.
  • Model Town incident: PAT-led opposition alliance to launch protest today

    Today, Qadri will unveil future course of action regarding taking up the issue and bringing it to a logical end. The court has also barred the media to cover the rally after midnight.
    Israel apologises to Jordan over deadly embassy shooting

    Israel apologises to Jordan over deadly embassy shooting

    Jordan maintained that even if the guard had diplomatic immunity that did not mean he could not be punished. The Israeli ambassador and embassy staff were pulled out.
    Fiat Chrysler moving heavy-duty truck production from Mexico to MI

    Fiat Chrysler moving heavy-duty truck production from Mexico to MI

    The stock now shows its YTD (Year to Date) performance of 29.6 percent, whereas its Weekly performance stands at 5.23%. According to the Analysts, the Low Estimate Earnings of the current Quarter is $-0.33 whereas, High Estimate is $0.18.
  • Boil Order Issued for Parts of Metro East

    Boil Order Issued for Parts of Metro East

    Jefferson Parish's Water Department shut off all water to the Tower, citing low water pressure and water leaks in the system. If residents and businesses conserve water through Saturday morning, the parish will avoid a boil water advisory.

    Rowe Price Group, Inc. (TROW)

    Rowe Price Group, Inc is a financial services holding company. 4,163 shares were sold by WHITTEMORE ANNE M , worth $377,321. Rowe Price Group, Inc. (NASDAQ:TROW) has "Equal-Weight" rating given on Wednesday, August 24 by Barclays Capital.

    Top Pick: Pier 1 Imports (PIR)

    Marriott International, Inc. (NASDAQ:MAR) has a market cap of $52.27 billion and over the last 12 months, MAR has risen by 72.37%. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday.