Whole Foods' 365 Concept's Future Unclear
July 17, 2017 | 1 min to read
Whole Foods Market's cheaper, smaller-format 365 store concept that was scheduled to open in south suburban Evergreen Park in November likely will be delayed until sometime next year, according to village officials.
The larger question is whether Austin, Texas-based Whole Foods will continue opening 365 stores at all and, if so, at what pace once the company is owned by Amazon. The $13.7 billion planned acquisition of Whole Foods by Amazon is expected to close later this year.
Officially known as 365 by Whole Foods Market, the lower-cost concept was intended to appeal to shoppers on tighter budgets in an increasingly competitive grocery landscape. Only four 365 stores are currently open, but 22 more are in the pipeline, company executives have said. In some of those towns, there's uncertainty on when and if the stores will open as planned.
To read the rest of the story, please go to: Chicago Tribune
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