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Whole Foods is closing some stores this year

KCRA Sacramento logo KCRA Sacramento 2/10/2017
© Mohammad Khursheed / Reuters

Whole Foods, land of surprisingly inexpensive cheese and shocking overcharging, is going through a pretty serious sales slump. As Bloomberg reports, the chain is planning on opening six new locations during this quarter, but they're also going to shut down nine stores. This is the first time they've shrunk store count since the recession in 2008.

Whole Foods is still trying to shed it's high-price image (Whole Paycheck, anyone?), but the main reason for sliding sales is pretty simple: competition. Chains like Wal-Mart and Kroger Co. have started organic options, and stores like Trader Joe's sell similar products to Whole Foods but are less expensive.

All of this news may have you running to your nearest Whole Foods to hoard coconut oil and organic milk, but there's no need to worry. The closing of the nine stores should help boost profits and sales, and Whole Foods is re-committing itself to their new store concept, 365 by Whole Foods Market. The new, cheaper stores are targeted towards younger customers, and Whole Foods announced that they have signed leases for new locations in Brooklyn, New York and Oakland, California.

The following locations are closing this year, according to AOL:

  • Santa Fe, New Mexico
  • Boulder, Colorado
  • Colorado Springs, Colorado
  • Salt Lake City, Utah (Draper)
  • Davis, California
  • Augusta, Georgia
  • Prescott, Arizona
  • Encinitas, California
  • Chicago, Illinois (South Evanston)

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