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Hannah Dion, Yvonne Dygon, Austin
Urkiel, Vinnie Virga
Overview
About Us
Research Objectives
Research Methods
Literature Review
Focus Group
Hypotheses & Conclusions
Limitations & Future Research
About Whole Foods
“We seek out the finest natural and organic foods
available, maintain the strictest quality standards in the
industry, and have an unshakeable commitment to
sustainable agriculture. Add to that the excitement and
fun we bring to shopping for groceries, and you start to
get a sense of what we’re all about. Oh yeah, we’re a
mission-driven company too.”
Whole Foods Sells...
“—A BEAUTIFUL, WORTHY
AND ANCIENT PRODUCT—
SO THAT WE CAN PLANT
TREES AND ENCOURAGE
KIDS TO STAY IN SCHOOL.
ONE BY ONE, WE TRY TO
EXPAND WHAT’S
Research Objectives
Whole Foods has been
expanding quickly, but
should they invest in
locations near college
campuses?
Are college students
concerned with price or
quality?
Research Method
1. Exploratory Research and Literature Review
2. Qualitative Research
Focus Groups (6 participants)
3. Quantitative Research
Surveys (60 respondents)
Literature Review● “Full-time college students, on average, allocate more of their meals to off-campus dining during a typical week.”
(Mintel 2015).
● Specifically, students are interested in eating higher quality foods, and much of those quality attributes are driven more
by the unique food preparations and flavor profiles than the healthfulness of the ingredients themselves” (Hartman
Group, 2008). Essentially, they found a threat to many food brands: finding unique and higher quality foods rather
than coming out with healthier versions of the same old food. The Hartman Group also found that “...[O]ne of the
chief factors driving the ‘high quality’ belief is the perception that the food in question is not manufactured by a large
food company”(Hartman Group, 2008).
● Students would indeed pay “up to 10 percent more” for healthier options on-campus. (Newman, 2013)
● “What’s more, Whole Foods’ central conceit as a company is that it sells only the best, healthiest food—which
sometimes requires paying more.” (ie: McMillan 2014).
● “[m]ost college students don’t have the free time to create home-cooked meals on a regular basis, let alone the
appliances and space to make that happen” (Student Watch: Behavior and Trends of Student Consumers, 2011).
Qualitative Data
Hypotheses
H1: Students Prefer Price over Quality
H2: Females will have a more favorable
attitude towards Whole Foods than males.
H1: Price vs Quality
The significance(two-tailed) is
.008, (less than .05) therefore
we can support that quality is
statistically different than price.
When comparing the means,
price μ=6.00, and quality
μ=5.55, we can be statistically
confident that Price is preferred
H2: Female vs Male Attitude
The P-value for this is 0.864 (which is more than 0.05) therefore
our hypothesis cannot be supported. There is no difference
between male and female attitudes towards Whole Foods by
comparing the means of the two genders.
Descriptive Stat. Results
BEST PRICES %
Stop and Shop 10%
Whole Foods 2%
Big Y 5%
Super Target 22%
Walmart Superstores 53%
Cosco/ BJ's 27%
Aldi's 26%
Trader Joe's 9%
Dollar Tree/ Dollar General/ Family Dollar 26%
Price Chopper/ Sav-A-Lot/ Price Rite 17%
CVS/ Walgreens/ RiteAid 6%
BEST QUALITY %
Stop & Shop 17%
Big Y 22%
Whole Foods 68%
Super Target 20%
Walmart Superstore 5%
Cosco/BJ's 18%
Aldi's 2%
Trader Joe's 46%
Dollar Tree/Dollar General/Family Dollar 0%
Price Chopper/Save-A-Lot/Price Rite 2%
CVS/Walgreens/RiteAid 0%
Descriptive Stat. Results
Location was a top response: 67% of
respondents said that there is not a Whole
Foods within 10 miles
We asked why people do not shop at Whole
Foods:
● Many respondents complained that Whole Foods
was too Expensive
Implications
Marketing plans would not need to be gender
specific when advertising to students, as males
and females both currently have the same
perceptions of Whole Foods
Perhaps targeting college campuses for nearby
Whole Foods locations is not a good idea, unless
we lower our prices, or offer discounts
Exception: Locate Whole Foods on local bus routes,
to maximize convenience for students
Limitations
Budget
“Value” misperception
Gender distribution
Scope of survey takers
Survey size
38% dropout rate
Future
Focus Groups: Offer word association to stimulate
discussion of area grocery stores
Mention Whole Foods specifically
Walk around campus to distribute surveys
CLV of college students
Questions?Questions?
Thank
you!
References
Durham, N. (2015, January 16). Student life: Eating healthy on a budget. Retrieved February 5, 2015, from
http://www.colorado.edu/news/features/student-life-eating-healthy-budget
Food Trends of College Students. (2008, April 16). Retrieved February 5, 2015, from
http://www.hartman-group.com/hartbeat/food-trends-of-college-students
McMillan, T. (2014, November 19). What Happened When Whole Foods Tried to Challenge Elitism, Racism,
and Obesity in Detroit. Retrieved February 5, 2015, from
http://www.slate.com/articles/life/food/2014/11/whole_foods_detroit_can_a_grocery_story_really_fight_e
litism_racism_and.html
References
Mintel. (2015). Colleges and Universities Foodservice – US – May 2014. Retrieved from Mintel Oxygen
database
Mission & Values. (n.d.). Retrieved February 5, 2015, from
http://www.wholefoodsmarket.com/mission-values
Newman, J. (2013, December 12). Survey Shows Students Want Better Quality Food. Retrieved
February 5, 2015, from http://oracle.newpaltz.edu/survey-shows-students-want-better-quality-food/
Student Watch: Behavior and Trends of Student Consumers. (2011). Retrieved February 9, 2015,
from http://www.nacs.org/email/html/OnCampusResearch/SPR-080-03-12_Client Newsletter.pdf
Whole Foods Market. (n.d.). Retrieved February 5, 2015, from http://www.wholefoodsmarket.com/

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MKT412 Whole Foods

  • 1. Hannah Dion, Yvonne Dygon, Austin Urkiel, Vinnie Virga
  • 2. Overview About Us Research Objectives Research Methods Literature Review Focus Group Hypotheses & Conclusions Limitations & Future Research
  • 3. About Whole Foods “We seek out the finest natural and organic foods available, maintain the strictest quality standards in the industry, and have an unshakeable commitment to sustainable agriculture. Add to that the excitement and fun we bring to shopping for groceries, and you start to get a sense of what we’re all about. Oh yeah, we’re a mission-driven company too.”
  • 4. Whole Foods Sells... “—A BEAUTIFUL, WORTHY AND ANCIENT PRODUCT— SO THAT WE CAN PLANT TREES AND ENCOURAGE KIDS TO STAY IN SCHOOL. ONE BY ONE, WE TRY TO EXPAND WHAT’S
  • 5. Research Objectives Whole Foods has been expanding quickly, but should they invest in locations near college campuses? Are college students concerned with price or quality?
  • 6. Research Method 1. Exploratory Research and Literature Review 2. Qualitative Research Focus Groups (6 participants) 3. Quantitative Research Surveys (60 respondents)
  • 7. Literature Review● “Full-time college students, on average, allocate more of their meals to off-campus dining during a typical week.” (Mintel 2015). ● Specifically, students are interested in eating higher quality foods, and much of those quality attributes are driven more by the unique food preparations and flavor profiles than the healthfulness of the ingredients themselves” (Hartman Group, 2008). Essentially, they found a threat to many food brands: finding unique and higher quality foods rather than coming out with healthier versions of the same old food. The Hartman Group also found that “...[O]ne of the chief factors driving the ‘high quality’ belief is the perception that the food in question is not manufactured by a large food company”(Hartman Group, 2008). ● Students would indeed pay “up to 10 percent more” for healthier options on-campus. (Newman, 2013) ● “What’s more, Whole Foods’ central conceit as a company is that it sells only the best, healthiest food—which sometimes requires paying more.” (ie: McMillan 2014). ● “[m]ost college students don’t have the free time to create home-cooked meals on a regular basis, let alone the appliances and space to make that happen” (Student Watch: Behavior and Trends of Student Consumers, 2011).
  • 9. Hypotheses H1: Students Prefer Price over Quality H2: Females will have a more favorable attitude towards Whole Foods than males.
  • 10. H1: Price vs Quality The significance(two-tailed) is .008, (less than .05) therefore we can support that quality is statistically different than price. When comparing the means, price μ=6.00, and quality μ=5.55, we can be statistically confident that Price is preferred
  • 11. H2: Female vs Male Attitude The P-value for this is 0.864 (which is more than 0.05) therefore our hypothesis cannot be supported. There is no difference between male and female attitudes towards Whole Foods by comparing the means of the two genders.
  • 12. Descriptive Stat. Results BEST PRICES % Stop and Shop 10% Whole Foods 2% Big Y 5% Super Target 22% Walmart Superstores 53% Cosco/ BJ's 27% Aldi's 26% Trader Joe's 9% Dollar Tree/ Dollar General/ Family Dollar 26% Price Chopper/ Sav-A-Lot/ Price Rite 17% CVS/ Walgreens/ RiteAid 6% BEST QUALITY % Stop & Shop 17% Big Y 22% Whole Foods 68% Super Target 20% Walmart Superstore 5% Cosco/BJ's 18% Aldi's 2% Trader Joe's 46% Dollar Tree/Dollar General/Family Dollar 0% Price Chopper/Save-A-Lot/Price Rite 2% CVS/Walgreens/RiteAid 0%
  • 13. Descriptive Stat. Results Location was a top response: 67% of respondents said that there is not a Whole Foods within 10 miles We asked why people do not shop at Whole Foods: ● Many respondents complained that Whole Foods was too Expensive
  • 14. Implications Marketing plans would not need to be gender specific when advertising to students, as males and females both currently have the same perceptions of Whole Foods Perhaps targeting college campuses for nearby Whole Foods locations is not a good idea, unless we lower our prices, or offer discounts Exception: Locate Whole Foods on local bus routes, to maximize convenience for students
  • 15. Limitations Budget “Value” misperception Gender distribution Scope of survey takers Survey size 38% dropout rate
  • 16. Future Focus Groups: Offer word association to stimulate discussion of area grocery stores Mention Whole Foods specifically Walk around campus to distribute surveys CLV of college students
  • 18. References Durham, N. (2015, January 16). Student life: Eating healthy on a budget. Retrieved February 5, 2015, from http://www.colorado.edu/news/features/student-life-eating-healthy-budget Food Trends of College Students. (2008, April 16). Retrieved February 5, 2015, from http://www.hartman-group.com/hartbeat/food-trends-of-college-students McMillan, T. (2014, November 19). What Happened When Whole Foods Tried to Challenge Elitism, Racism, and Obesity in Detroit. Retrieved February 5, 2015, from http://www.slate.com/articles/life/food/2014/11/whole_foods_detroit_can_a_grocery_story_really_fight_e litism_racism_and.html
  • 19. References Mintel. (2015). Colleges and Universities Foodservice – US – May 2014. Retrieved from Mintel Oxygen database Mission & Values. (n.d.). Retrieved February 5, 2015, from http://www.wholefoodsmarket.com/mission-values Newman, J. (2013, December 12). Survey Shows Students Want Better Quality Food. Retrieved February 5, 2015, from http://oracle.newpaltz.edu/survey-shows-students-want-better-quality-food/ Student Watch: Behavior and Trends of Student Consumers. (2011). Retrieved February 9, 2015, from http://www.nacs.org/email/html/OnCampusResearch/SPR-080-03-12_Client Newsletter.pdf Whole Foods Market. (n.d.). Retrieved February 5, 2015, from http://www.wholefoodsmarket.com/

Editor's Notes

  1. All
  2. Hannah
  3. Hannah Mission Statement on website
  4. Hannah
  5. Hannah
  6. Yvonne 3 males, 3 females. 30 male, and 30 females. Target: College students, males and females Time frame: 1 week each
  7. Yvonne
  8. Yvonne
  9. Vinnie
  10. Vinnie
  11. Vinnie Independent Samples-T-Test.
  12. Vinnie
  13. Vinnie
  14. Austin
  15. Austin
  16. Austin