Strengths
• The company offers a broad range of product offerings such as providing perishable food items that appeal to the natural and organic foods.
• Whole foods market has a wide product line from seafood, grocery, meat, and poultry to various bakery items.
• The company has a competitive edge of providing fresh foods.
• Catering to the needs of all sorts of market segments.
• The company’s growth strategy has been successful by opening stores in Glasgow and London.
• The company has a strong image and mostly appeals to the affluent, hip and younger target market.
• The company is known for its high quality standard natural and organic products.
• The company has a strong support by the complementary industries like health, health insurance industry, fitness centers and other wellness programs.
• Whole Foods offer catering, seasonal products and recipes and also provide in store events such as cooking classes and free tours for the customers with food allergies.
Weaknesses
• Since the US government has subsidized by providing more money to support to the corn growers industry rather than the organic farmers, therefore the companies are no longer using the organic ingredients.
• The supply chain for the organic food is underdeveloped and is unable to meet the needs of the American food system.
• Some of the foods products are highly priced than its competitors.
• The company has a weak international operation system as there are only seven stores in Canada and five stores in the UK.
• Competitors accept more benefits globally.
• The company has to expand its operations all across the globe in order to drive the economies of scale.
• Lack of promotion of products through social networking.
• The company does not provide online services to the consumers unlike its competitors.
Opportunities
• Whole Foods Market has the high potential growth as they plan to expand their business by opening about 33-38 stores in 2014.
• The company has been currently operating internationally in the United Kingdom and Canada, the company still has the vast opportunity to go for expansion in the fastest growing markets in the world like China and South America.
• At the time of economic downturn, the company has to adopt a cost effective strategy for the regular customers by offering a free reward card , a Discount on the next purchase and buy one get one free offer from the store.
• The company needs to build its brand identity in a way that when people think of organic foods, the Whole Foods come to their minds first.
Threats
• Fierce competition in the market from competitors like Wal-Mart, HEB Central market etc.
• The economic situation in the United States can be a threat to the company due to American’s approach of saving money and therefore when food becomes expensive the customers might be unwilling to buy the organic food items.
• Changes in the government‘s rules and regulations on the organic food can have an adverse effect on the consumer’s purchasing power.
Strengths• The company offers a broad range of product offerings such as providing perishable food items that appeal to the natural and organic foods.• Whole foods market has a wide product line from seafood, grocery, meat, and poultry to various bakery items.• The company has a competitive edge of providing fresh foods.• Catering to the needs of all sorts of market segments.• The company’s growth strategy has been successful by opening stores in Glasgow and London.• The company has a strong image and mostly appeals to the affluent, hip and younger target market.• The company is known for its high quality standard natural and organic products.• The company has a strong support by the complementary industries like health, health insurance industry, fitness centers and other wellness programs.• Whole Foods offer catering, seasonal products and recipes and also provide in store events such as cooking classes and free tours for the customers with food allergies.Weaknesses• Since the US government has subsidized by providing more money to support to the corn growers industry rather than the organic farmers, therefore the companies are no longer using the organic ingredients.• The supply chain for the organic food is underdeveloped and is unable to meet the needs of the American food system.• Some of the foods products are highly priced than its competitors.• The company has a weak international operation system as there are only seven stores in Canada and five stores in the UK.• Competitors accept more benefits globally.• The company has to expand its operations all across the globe in order to drive the economies of scale.• Lack of promotion of products through social networking.• The company does not provide online services to the consumers unlike its competitors.Opportunities• Whole Foods Market has the high potential growth as they plan to expand their business by opening about 33-38 stores in 2014.• The company has been currently operating internationally in the United Kingdom and Canada, the company still has the vast opportunity to go for expansion in the fastest growing markets in the world like China and South America.• At the time of economic downturn, the company has to adopt a cost effective strategy for the regular customers by offering a free reward card , a Discount on the next purchase and buy one get one free offer from the store.• The company needs to build its brand identity in a way that when people think of organic foods, the Whole Foods come to their minds first.Threats• Fierce competition in the market from competitors like Wal-Mart, HEB Central market etc.• The economic situation in the United States can be a threat to the company due to American’s approach of saving money and therefore when food becomes expensive the customers might be unwilling to buy the organic food items.• Changes in the government‘s rules and regulations on the organic food can have an adverse effect on the consumer’s purchasing power.
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