Whole Foods Company Description Whole Foods is the leading retailer of natural organic products. They emphasize community relationships and environmental responsibility. Employee retention rates at the company are well above the industry average. Target Customer Persona Nuclear Family with Two Kids - Wife Speaking (mid-40’s) We are the type of family that shops at HEB due to price and tradition. However, frequently we find ourselves buying more and more items from the two isles that are the organic section. We’d be attracted to the fun activities and social stuff happening at Whole Foods but we don’t know anybody who goes there. Moreover, most people we know think Whole Foods is elitist and expensive. I’ve been once and that wasn’t the case. It was kind of expensive, though I did notice that the quality was much higher and the free samples were fabulous! The HEB I frequent is cheap but there’s nothing nice there. I went to Sprouts once but the selection wasn’t as nice as Whole Foods. You know I know someone from church who goes to the Farmers market but that’s too much work figuring out the time and place on a Saturday morning. My kids are nonstop on the go. My husband thinks we spend too much on groceries. But honestly I’m very concerned about our family’s health and well-being. Plus, he thinks Whole Foods is for hippies. Since he rarely if ever assists me with the grocery shopping, he doesn’t understand or appreciate the importance of quality food. SWOT Analysis Strengths Weaknesses - Strong Brand Awareness, Quality Standards, and Employee Relations -Leading Retailer of natural and organic foods -Well respected by local farmers for whom they provide sales channels -Holds all products sold to extremely high standards. Each item is evaluated for “freshness, safety, taste, nutritive value, and appearance” - They are “buying agents for customers and not the selling agents for manufacturers,” -WF values continuous retail innovation -Perceived as socially responsible as evidenced by the “Whole Planet Foundation,” and “Whole Kids Foundation.” -Employee satisfaction, compensation and retention. -Whole foods is not a “one stop shop” as are many other competing grocery stores. - Whole Paycheck Perception = Expensive - PRICE Opportunities Threats - By reaching out and engaging with community organizations, WF is more likely to draw in new customers because people want to support a company that is supporting them. -The Whole Foods brand is built on wellness, business transparency, social and environmental responsibility. All of these are converging into a very popular emerging social trend. -The quality of the product makes it easy to appeal to new demographics. -People are becoming more health conscious in general. -Global outreach and building relationships with international help and health organizations -The negative perception towards the Whole Foods pricing has begun to reverse. - The happy Whole Food customers are a strong advocates for the brand. - Rise in Farmer’s Markets competition - Traditional Food Chains Incorporating Organic Food (ie:HEB) - Upswing of Smaller Grocery Stores (ie: Sprouts) - The undermining of the importance and validity of an organic label. -The Whole Foods CEO was criticized by their constituency for not supporting the Obama health care plan. -Bad word of mouth and social media publicity -”Whole Foods Parking Lot,” “Disgruntled Employee Letter,” social colloquialism of “Whole Paycheck.” -Whole Foods was initially formed around a liberal progressive base. As the company grows, this has become a limiting factor in terms of reaching more conservative demographics. Creative Brief - CLIENT Who are we representing? What are we selling? PROBLEM What will we solve? How can we improve our client’s business? AUDIENCE Who are we talking to? Who else are we trying to reach? MARKET CONTEXT Who is the competition? Where does the brand sit amongst competitors? What is unique about this brand? Whole Foods Whole Foods is based upon the ideals and values of “Whole Foods” (high-quality food, best taste, most nutritious) -”Whole People” (passionate people, positive and supportive work environment) -”Whole Environment” (respect and repair planet, support local organizations and farmers, donate to green/beneficial causes and organizations) “Whole Paycheck” and Exclusive Community Perception Whole Foods carries the stigma of being prohibitively expensive, causing customers to spend their whole paycheck on their pricey but delicious food. It is also perceived as exclusive to a specific type of shopper. Current: wealthy, health-conscious, food snobs Desired: broader range of customers...everyday people who can afford to shop at Whole Foods and value healthy food, but may not necessarily know about it Competition: Trader Joe’s, HEB Healthy Section, Sprouts, increase in popularity of Farmers’ Markets, numerous other similar organic/health-focused grocery stores Position: Leading retailer of natural and organic foods Unique Factor: Whole Foods only sells items of the highest quality, each product sold is carefully evaluated in regards to ingredients, freshness, safety, taste, nutrition and appearance. Some items and certain brands are ONLY available at Whole Foods. MOST IMPORTANT THING What is the most critical point we need to communicate to consumers? HOW What will we do to deliver our message to our target audience? What are the most effective means to reach them? You get what you pay for: At Whole Foods you can trust you are getting a phenomenal product that is as pure and nutritious as is available. Acknowledge the price point of the product and own it. Justify it by highlighting the importance of health and the quality of food you put in your body. Good food is an investment in yourself. -Radio: In continuance with Whole Foods’ conservative advertising strategy, this medium can be used to stay in touch with the more traditional Whole Foods shopper. NPR (and similar) customer and farmer testimonials. -Television: Use television to reach untapped and new demographics. -Out of Home: Billboards emphasizing the freshness, quality and purity of Whole Foods’ products (both raw and prepared foods as WF is a popular lunch spot) -Interactive: -Increase in “healthy living” demonstrations in-store and online. This can include stuff that WF doesn’t even sell (ie. yoga, gardening, detox). -In-house Groupon-style daily deal initiative -Coupons (online and print), mailers, incentives/deals -Give aways of promotional products (“swag”): reusable shopping bags, water bottles, t-shirts, etc. -Customer rewards card