How Inequality Is Hurting Whole Foods

July 10, 2014 11:45 AM

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After popularizing luxury groceries for the well-off, Whole Foods is trying to take the concept to the masses. But amid growing inequality and a sluggish recovery, those masses have gone missing.

That could spell trouble for the Austin, Texas-based grocer. Investors have doubts about whether the company can keep up its long track record of steady sales growth, now that it has saturated the upper-middle-class enclaves on the coasts. Its stock price has been pummeled lately, dropping 30 percen...

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