Whole Food Market



Whole Food Market

Introduction

The topic is based on the whole food market and there is a need to cover the operational aspects and management challenges faced by the company. The organization's strength and challenges that they experience in the term of leadership will be discussed in detail. It is always important for any organization that they need to have proper management policies and strategies to deal with the issue. This helps them in achieving their goals and objectives related to their company's strategy and overall mission. Therefore, all the issues and aspects related to Whole Foods Market will be discussed in detail.

Overview of the company

Whole Foods Market Company is a natural and organic foods supermarket chain that has the operations because of the large number of subsidiaries operating in the country. The company's supermarkets have their locations in US, Canada and the UK. It has its headquarters located on Austin, Texas. The number of employees working in the organization is 64,200 people. The company had the revenue figures of $10,107.8 million in the financial year that ended on September 2011 (FY2011). The operating profit of the company was $547.6 million in FY2011, which recorded an increase of 25% over FY2010. The net profit was $342.6 million in FY2011, an increase of 42.5% over FY2010 (Belasco, 1989, 90).

Strengths of the Company

Whole Foods Market is a natural and organic foods supermarket chain that operates through several wholly owned subsidiaries. The company's key products include the following products, beverages, pantry staples, snacks, dietary and nutritional supplements, prepared foods, household goods, body care products, brands, 365 Everyday Value and allegro coffee. The strengths of the company are certainly their products and services provided to the customers. All these factors contribute towards the strengths of the company. Whole Foods Market will need to develop effective strategy for their products and services (Canavari, 2007, 47).

Financial Challenges of Company

The company recorded revenues of $10,107.8 million during FY2011, an increase of 12.2% over FY2010. For FY2011, the US, the company largest geographic market, accounted for 96.9% of the total revenues. Whole Foods Market generates revenues through one segment: natural and organic foods supermarkets. However, the company reports its revenues based on product categories: non perishables (33.2% of the total revenues during FY2011), prepared food and bakery (18.8%) and other perishables (48%). In FY2011, the non-perishables category recorded revenues of $3,355.8 million an ...