The company is declining to say which ones will be cannibalizedto divert millions of dollars to staffing increases and training atsurviving stores. Third-quarter sales have increased 11% to $207.2million from $186.5 million in 1999. But, net income has fallen to$1.1 million, a $3.4-million drop from third quarter 1999.
Comparable store sales also have dipped in this year's thirdquarter in the wake of stiff competition from its primarycompetitor, from Whole Foods. Because of its pending storeclosures, Wild Oats expects to report a one-time restructuringcharge of $14 million to $15 million in the third quarter.
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