Whole Foods Market Results Point To Growing Confidence Among Better Off

The latest results posted by upmarket US retailer Whole Foods Market (WFM) have continued to indicate that consumer confidence among high-income US shoppers is returning. WFM reports that sales in its fiscal fourth quarter increased by 8.7% on a same-store basis, while total sales were up by nearly 15% to reach US$2.1bn. This was ahead of analysts' expectations and saw the firm's shares gain 8% on the day the results were released. The result underlines the uneven pace of recovery in US consumer sentiment, with continuing high unemployment disproportionately impacting low and middle-income parts of the

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