Is Whole Foods Really Overcharging Customers as Claimed?
Whole Foods is in a world of hurt after the New York City Department of Consumer Affairs revealed in late June that the company was overcharging customers for some of its pre-weighed packages in New York City. [1]
The company’s stock fell more than 30% this year and trading is around $34.50 – the lowest level in nearly four years. Whole Foods’ stock fell another 5% after executives apologized for the pricing snag and promised that it would never happen again.
