AUSTIN, Texas — Whole Foods said Wednesday that it will close nine stores, including two in Colorado, and eliminate its kitchen commissaries that make its prepared foods after reporting a sixth consecutive quarter of falling sales.
The Whole Foods store at 2584 Baseline Road in Boulder and the store at 3180 New Center Point in Colorado Springs will close by April 9.
Two stores in California, and one each in Chicago, New Mexico, Utah, Arizona and Georgia will also close by April 9.
“We’re examining every aspect of our retail operations,” said Whole Foods co-founder John Mackey, who recently resumed the role of sole chief executive officer after the departure of co-CEO Walter Robb.
Mackey said the closings are a “difficult but prudent decision,” and that combined with moves to lower prices and improve profits and efficiency will “result in a healthier bottom line, increased cash flow and higher returns” as the Austin, Texas-based company continues to try to shed its “Whole Paycheck” label.
“What has become clear is that we don’t want to compete in a ‘race to the bottom’ as consumers have ever increasing choices for how much and where they shop,” Mackey said.AlertMe