Whole Foods Market Announces First 365 by Whole Foods Market™ Store Leases
July 29 2015 - 6:00PM
Business Wire
Up to five store locations to open in second
half 2016; openings slated to double in 2017
Whole Foods Market (NASDAQ: WFM) announced the first five leases
for its streamlined, value-oriented 365 by Whole Foods Market
brand, with store openings scheduled through 2017.
The company disclosed leases for 365 by Whole Foods Market
locations in Bellevue, Washington; Houston; Portland, Oregon; and
Santa Monica, California, and also announced that the first 365
store will be located in the Silver Lake neighborhood of Los
Angeles.
Whole Foods Market currently operates 24 locations in the Los
Angeles area. The company made the strategic decision to
renegotiate the lease in development for the Silver Lake location,
converting it from a Whole Foods Market to a 365 by Whole Foods
Market store. In doing so, the new store will be able to open its
doors more quickly, capitalizing on the operational efficiencies
and talented team member base already available in the area.
“We are really excited about the progress we have made with
securing real estate in markets where there is high demand for both
quality food and value in a convenient format,” said Jeff Turnas,
president of 365 by Whole Foods Market. “We think the Silver
Lake area of Los Angeles is an ideal community to plant our first
365 store flag and bring a modern shopping experience that draws
from the best innovations of Whole Foods Market stores and gives
them a new expression. With a fresh format and unique product
assortment, we think 365 will offer convenience and value while
providing the quality standards and transparency that consumers
love and expect.”
The first store locations are slated to open in the second half
of 2016. The company plans to double the number of 365 by Whole
Foods Market store openings in 2017.
Designed to complement the Whole Foods Market
brand by bringing fresh, healthy foods to a broader audience with a
streamlined, quality-meets-value shopping experience, 365 by Whole
Foods Market stores will feature a curated mix of products that
adhere to the company’s industry-leading quality standards in an
environment that’s fun and convenient for shoppers.
About Whole Foods Market
Founded in 1978 in Austin, Texas, Whole Foods Market
(wholefoodsmarket.com) is the leading retailer of natural and
organic foods, the first national “Certified Organic” grocer, and
uniquely positioned as America’s Healthiest Grocery Store™. In
fiscal year 2014, the Company had sales of approximately $14
billion and currently has 424 stores in the United States, Canada,
and the United Kingdom. Whole Foods Market employs approximately
91,000 team members and has been ranked for 18 consecutive years as
one of the “100 Best Companies to Work For” in America by Fortune
magazine.
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version on businesswire.com: http://www.businesswire.com/news/home/20150729006779/en/
Whole Foods MarketMichael Silverman,
512-542-3031Michael.Silverman@wholefoods.comorRobin Kelly,
201-567-2090 ext. 411Robin.Kelly@wholefoods.com
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