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Whole Foods Market’s clampdown on UK store thefts help lift profits for the second year running

February 25, 2017
in Business News, Latest Nigeria News
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A clampdown on store thefts helped the British arm of Whole Foods Market make a profit for its second consecutive year.Clampdown: 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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