Whole Food’s Profits Rise As Thefts Fall

Saturday, 25th February 2017 at 11:17pm

Some cheering news on the This Is Money website, as it is reported that a clampdown on store thefts helped the British arm of Whole Foods Market make a profit for its second consecutive year.

Directors of the upmarket American health food supermarket said profit increased in relation to turnover, ‘primarily reflecting improved shrink’ – the term retailers use for shoplifting and theft by employees.

Whole Foods – which has nine stores in Britain including branches in London, Cheltenham and Glasgow – launched in the UK ten years ago and made a loss for the first eight years.

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