Discontinuing Amrion and its losses have cost Whole Foods about$49 million as plans are readied to sell off manufacturing andretail locations. Whole Foods says the decision does not affect the20% to 25% sales growth forecast for 2001.
It's the announcement of new stores that headline thecorporation's quarterly earnings report, which shows same storesales up 8.6% and identical stores, riding at 6.8%. The increasesreflect four relocated stores and one remodeled property, totalingan average 96% increase in square footage - a move toward biggerboxes for its retail outlets.
In the past year, Whole Foods has added 20 new and acquiredstores to its 117-store portfolio and five just in the pastquarter. There are 23 stores in the current development pipeline,with the property average riding at 34,000 sf.
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