Whole Foods Market (WFM) Message Board

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Non-Tech : Whole Foods Market (WFM)

WFM 41.99

0.0%

Aug 29 5:00 PM EST

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To: Grainne who wrote ()	5/23/1998 12:54:00 PM
From: organicgerry	of 438

Whole Foods to Open First Store in Denver's Cherry Creek Area Whole Foods Markets Inc. announced on May 19 that it will open in a 42,000 square foot portion of a Sears and Roebuck store located in Denver's posh Cherry Creek neighborhood. While Sears hopes to complete renovation of the 133,000 square foot store by next fall, the Whole Foods portion of the space will not open until a year later. The cost of the outlet is expected to run between $6 million and $8 million. The partnership with Sears is a first for Whole Foods but company executives did not rule out future partnerships with the retail giant. Whole Foods southwest regional president Lee Valkenaar said in a Denver Post article that the store will serve as a "gateway to Cherry Creek." The location is also less than a mile from a 15,000 square foot Alfalfa's Market, which is owned and operated by Whole Foods' chief competitor Wild Oats Markets Inc.

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