John P. Mackey
It wasn’t too long ago that health-food and organic-food stores generally were drab storefronts, with little merchandising or display flourishes. Shoppers tended to be members of cooperatives, or ex-hippies who had become establishment citizens but still retained some of their youthful idealism. John P. Mackey changed all that, turning a niche concept into a mainstream trend by playing up the romance and theater of food. His $9 billion, 270-plus store Whole Foods Market, started in 1978 in his garage as a vegetarian health-food store, is now a
Mackey is an opinionated iconoclast whose candid comments got him in trouble in 2007 when it was revealed that for several years he blogged under a pseudonym on the Whole Foods Web site. Though chastised, the 53-year-old CEO succeeded in buying out his largest competitor, Wild Oats Markets, and has expanded overseas to London, the next stop on his quest for global dominance.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.