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Whole Foods Market revives UK expansion plans

by Joe Thomas - 03/02/2010

Whole Foods Market revives UK expansion plans

"Whole Foods Market, the natural and organic food retailer, is set to launch a fresh assault on the UK market after a previous bid ended in failure."

It plans to open stores around the country in a format that falls between the size of its flagship store in Kensington and its four smaller stores, also located in London.

Whole Foods Market had intended to open up to 40 stores when it introduced its brands to the UK, but ended up selling off some of its properties.

Its original expansion plans were undermined by poor financial results; in the year to September 2008 the company made an operating loss of ?35.9m in the UK. Nonetheless, Jeff Turnas, who took over as Whole Foods Market's UK region president in March 2009, is understood to be overseeing plans for fresh growth.

The retailer entered the UK market in 2004 through the acquisition of seven Fresh & Wild stores. Its flagship store opened on Kensington High Street in 2007, but its Bristol store has subsequently closed.

More Details: http://www.marketingmagazine.co.uk/news/981085/Whole-Foods-Market-revives-UK-expansion-plans/