Whole Foods Halts Expansion Of Lower-Price 365 Stores

One dozen Whole Foods 365 stores is apparently enough for the retailer. Whole Foods will not build any additional 365 stores, which are designed to offer lower prices in a smaller physical footprint, beyond the 12 locations that are already open. CEO John Mackey informed employees of the decision in an internal memo earlier in January, according to Supermarket News.

The Amazon-owned retailer opened the first 365 store in May 2016 in Silver Lake, Calif. The concept was designed to provide lower prices and a more local flavor, delivered in a 25,000- to 30,000-square-foot format offering approximately 7,000 SKUs. Conventional Whole Foods…