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John Mackey

๐Ÿ‘ค Speaker
1501 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

So I always tell people, to show you how fast Whole Foods grew,

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

At the end, when we went public in 1992, 14 years after we'd opened the first Whole Foods Market, no, the first Safeway store, we were up to 12 stores.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

It took us 14 years to get to 12 stores.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

When I retired 30 years later, we were 540 stores.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

So once we got the formula down and it worked, we scaled it pretty rapidly.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And we acquired Mrs. Gooch's in LA.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We acquired Bread and Circus in Boston, Fresh Fields in DC.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We acquired a lot of our friends.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

and cashed out the entrepreneurs, made them very wealthy and gave us new platforms for growth in different geographical areas.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And then we took the best practices from each one of them.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We didn't think Whole Foods was better than everybody else.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We just, these were our peers.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

And so we had an attitude of what can we learn from them that makes us better?

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Well, everything's always evolving.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

Yeah.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

So Whole Foods, for most of our history, was very decentralized.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We were, and there's always trade-offs in organizational structure.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

We were very innovative historically.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

When we're decentralized, we empowered regional leadership to innovate, to create new things.

Habits and Hustle
Episode 495: John Mackey: From Living Above a Store to $13.7 Billion Exit - The Whole Foods Story

A lot of them didn't work, but the ones that did work, we could copy and spread.