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Whole Foods Market Readies Opening Of First 365 Affordable-Organic Store In Los Angeles

May 18, 2016: 12:00 AM EST
Whole Foods Market Inc. plans to open its first 365 by Whole Foods Market , as part of the retailer's efforts to demonstrate that it can offer a cheaper option for consumers seeking healthy and sustainably produced foods. Aimed at helping revive sales, the affordable-but-healthy retail concept is designed to help Whole Foods compete in an organic food market that has gone mass-market. According to the company, the first 365 store will open in the Silver Lake section of Los Angeles on May 25, 2016.
Craig Giammona, "Whole Foods Is Ready to Convince You That It Can Do Cheaper", Bloomberg, May 18, 2016, © Bloomberg L.P.
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