Announced Wednesday evening, one of the country’s biggest upscale supermarket chains, Whole Foods Market (NASDAQ: WFM), is being investigated in regards to speculations of overcharging customers more for prepackaged meat, dairy and baking goods such as chicken tenders and frozen shrimp among others. The New York City’s Department of Consumer Affairs informed the public about the overcharged products yesterday.
Department of Consumer Affairs Commissioner, Julie Menin, gave a few examples of the overcharged products, “a package of coconut shrimp was overpriced by $14.84 while a package of chicken tenders was overpriced by $4.85 and a vegetable platter by $6.15.”
According to Menin, Whole Foods continued to overprice certain products even after the supermarket chain was informed of the investigation, which started previous fall. The investigation is currently looking at eight stores including one new store in Austin Texas.
Ms. Menin added further, “We have been meeting with Whole Foods for months, but we repeatedly found problems that were incredibly pervasive.”
Whole Foods stated in an email, “We disagree with the DCA's overreaching allegations,” claiming that the Department of Consumer Affairs is requesting “grossly excessive monetary demands” in order to settle the investigation.
Stay tune as more details are released regarding Whole Foods’ investigation.