Wednesday, March 15, 2017

Whole Foods closing 9 stores by end of April

Last month Whole Foods announced that it would close nine stores by the end of April, and is scrapping its plans to expand from 440 to 1,200 stores. In addition to the closings, the company plans to open six new stores in the next couple months.

Same store sales for Whole Foods have declined  in each of the past six quarters, including a 2.4% decline in the most recent quarter.

The stores closing are in New Mexico, Colorado (2), Utah, California (2), Georgia, Arizona and Illinois.

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