Is Whole Foods Really Overcharging Customers as Claimed?

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By Julie Fidler

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.

A Whole Foods shareholder filed a class action lawsuit against the company last week in a federal court in Austin. The …read more

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