Whole Foods Market co-founder and co-CEO John Mackey practices a brand of "conscious capitalism" that melds the business with the higher purpose of promoting healthy diets and lifestyles. Mackey, whose nine-point plan to revive Whole Foods includes launching a lower-priced chain called 365 by Whole Foods Market, will publish a book detailing his healthy eating philosophy next winter.
John Mackey lives the lifestyle his Whole Foods stores promote, eating an oil-free vegan diet, touting the benefits of organic and creating programs to encourage workers to get in shape. In this interview, he also explains his views on "conscious capitalism."
John Mackey, co-CEO of Whole Foods Market, has written a book, "Conscious Capitalism," that argues that businesses can be profitable while lifting people out of poverty. "The time is now to redefine capitalism if we want to continue to flourish as a society and to reverse the decline that we are currently in," said Mackey, who wrote the book with Bentley University marketing professor Raj Sisodia.
Stimulus checks and warm weather led to higher sales last month for U.S. retailers, with two-thirds surpassing estimates. Wal-Mart led the stores with a 5.8% increase in sales excluding fuel, but department stores lagged, along with expectations for the rest of the year.