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Whole Foods Cutting Back On Stores For First Time Since 2008

People walk out of a Whole Foods Market in the Brooklyn borough of New York. (Spencer Platt/Getty Images)
People walk out of a Whole Foods Market in the Brooklyn borough of New York. (Spencer Platt/Getty Images)

Whole Foods is reducing its total number of stores, and moving away from its ambitious expansion target. The move comes after six-straight quarters of sales decline, and as other retailers like Kroger and Wal-Mart expand their organic food offerings.

Here & Now‘s Peter O’Dowd speaks with Michael Regan( @Reganonymous) of Bloomberg News about what’s next for Whole Foods.

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