fromBusiness Insider
2 weeks agoWhole Foods cofounder John Mackey explains how Walmart accidentally helped the grocery chain
John Mackey, who cofounded Whole Foods in 1980, told podcast host David Senra in an episode released last week that Walmart's move into groceries in the late '80s helped the grocery chain find awider audience. In its early years, Whole Foods served a niche market of health-conscious shoppers. Its clientele was mostly "a bunch of hippies selling food to other hippies," Mackey said, describing one venture capitalist's summation of the store.
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