UK LOSSES DEEPEN FOR WHOLE FOODS MARKET
As reported today on thegrocer.co.uk, Whole Foods Market, the UK subsidiary of US giant has reported a £36m loss for the last fiscal period.
The flagship 80,000 sq flagship store in High Street Kensington has operated at well under capacity since it opened and is still adjusting itself and its formula. Anyone who has ever tried shopping there will have discovered that there’s nowhere really to park, and it was an unusual location!
The FSA’s lambasting of Organic food last week can not have helped prospects.
The group has closed its Bristol store and is bringing in new management from the US.
“Whole Foods Market has been making changes and improvements to the Kensington store and we have been pleased with the positive reactions we have been receiving from our customers,” Turnas said.
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