Bayview Whole Foods store set to open in dismal downturn

New Whole Foods expected to be open by April

The new Whole Foods at Bayview and Broadway Aves is expected to open no later than April and it’s sailing into a barrage of lousy economics and cranky consumerism. For one thing, Whole Foods stock is valued at half of what it was less than two years ago. What happened? According to CNN Money, things like the New York overpricing furore and lower same store sales are hurting the specialty food retailer. Into the bargain comes a Wall Street analyst downgrade based on a 1,000 shopper survey which concluded that prices were too high (The Whole Pay Cheque thing has stuck). There is a sore point even with people who have money. Are they paying too much for produce because is has been labelled organic. The New York consumers said they felt Whole Foods was inflating prices based on not much. There is no doubt that Whole Foods is a pleasant experience in the store but in South Bayview that’s pretty much the norm. Time will tell.