The Whole of Whole Foods
Whole Foods Market Inc.'s real estate cart continues to fill up.
In August, the country's largest grocer of natural and organic foods finally closed on its long-awaited deal to buy Wild Oats Markets Inc. for $565 million. About the same time, the Austin, Texas-based grocer decided to shutter nine Wild Oats stores and shed 35 small Henry's and Sun Harvest locations (all in California and Texas) in a $166 million deal to warehouse store operator Smart & Final Inc. Meanwhile, Whole Foods set a company record, opening 21 new stores in fiscal 2007, ended September 30, and currently has more than 90 stores primed in its development pipeline.
Source: Retail Traffic
Napa, California's Whole Foods Market is schedule to open in December 2007.