Whole Foods Market (WFM) has lost a staggering 9 million to 14 million customers over the past six quarters. The company has been facing increased competition both online and in-store from other major grocers. Its biggest rivals include Kroger (KR) - Get Report , Trader Joes, Costco (COST) - Get Report , Sprouts Farmers Market (SFM) - Get Report and Natural Grocers (NGVC) - Get Report . Shares of Whole Foods have fallen about 44% in the past two years. Whole Foods closed nine stores recently, calling into question the past five years of aggressive store openings.
This article was written by a staff member of TheStreet.