Company Snapshot: Whole Foods Market Inc.
550 Bowie St
Austin, TX 78703
Total Current Stores:
AL, AR, AZ, CA, CO, CT, DC, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, BC, ON
John Mackey – Co-CEO
Walter Robb – Co-CEO
Sirr Less – Global VP, Communications
Despite being positioned as a high-dollar option for groceries, Whole Foods has experienced tremendous growth. Even during recessionary economic times, the company has found ways to offer its customers a different type of shopping experience. Its most recent quarterly sales were up 8%, while new expansion plans were announced: open 70 stores over the next two years, in addition to the 25 being unveiled this year.
Recently, Whole Foods said its decision to open stores in smaller cities was beneficial. During a conference call with analysts to discuss financial results, Jim Sud, Exec VP Growth and Development, said the company has been surprised “by how well we fit into some of the smaller markets we’ve entered.
“That stems from the Wild Oats acquisition, where we acquired stores in smaller markets that we had not previously focused on. That gave us the confidence to look at these smaller markets, and we’ve been very pleased with the reception we’ve gotten.” Because of the success in these types of areas, Whole Foods has signed leases for stores in places like Lincoln, NE and Wichita, KS, with Sud stating these are “markets we wouldn’t have been focused on five or six years ago but that will lead us to our goal of 1,000 stores in the U.S.”