What was thought to be a 'life-line' for WFM has failed miserably. That's the reason why financial results of the 365 concept was concealed for a long-time. Yet another failure and this may just be the beginning of more.
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WSJ: Whole Foods small-format store to close
Oct. 13, 2017 3:05 PM ET|By: Clark Schultz, SA News Editor
A small-format Whole Foods store in Washington will close, according to the Wall Street Journal.
Whole Foods introduced the 365 store concept in 2015.
UPDATED: The WSJ indicates that only a single store in Bellevue, Washington will be closed. The decision to close the store was made before the Whole Foods acquisition by Amazon (NASDAQ:AMZN).