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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: Beltropolis Boy who wrote (214)	11/14/1998 5:29:00 AM
From: Jean-Pierre Abe	Read Replies (1) of 438

WFMI - An Internet Stock? Whole Foods to sell on the Internet By R. Michelle Breyer American-Statesman Staff Posted: Nov. 12, 1998 By next spring, aficionados of Whole Foods Market Inc. won't have to search for a parking place to buy their herbal tea and vitamins. They can click their mouse. On March 22, Austin-based Whole Foods Market Inc. plans to launch WholeFoods.com -- an internet business that will sell 6,000 grocery items over cyberspace. That number could grow to 10,000 within eight months. In addition to products, WholeFoods.com will provide a variety of information -- from health issues to gourmet recipes. "This is a way for Whole Foods to establish itself on the Internet," said John Fischer, director of interactive marketing for Whole Foods. Whole Foods executives disclosed details about the new Web site during a Thursday morning conference call to discuss the company's fiscal 1998 and fourth quarter earnings, which were released Wednesday night. Whole Foods' record sales and earnings results fueled a 20.5 percent surge in the company's stock, which closed Thursday at $40.06 1/4. More than 4.5 million shares changed hands in heavier-than-normal trading.

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