First quarter sales increased 13% to $3 billion at Whole Foods and profits grew 18% to $305 million, prompting the company to increase its full year profit forecast and declare a two-for-one stock split.
Veteran retailer Leo Kahn, who developed his family-owned wholesale business into the Purity Supreme chain, co-founded Staples, and pioneered selling natural foods in supermarket-sized venues, died on May 11 in Boston.