Monday, February 14, 2011
Grocery Store Planning 20 New Stores for 2012
Whole Foods Market is planning to expand by opening 20 new stores in 2012. The company has 56 stores in the pipeline. The company has 10 leases that are currently in negotiations and 15 sites that are queued up for real estate committees.
The company has a great business expansion pipeline in place and plans on increasing the rate at which they expand past the initial 20 stores as they become filled. But I would say beginning in 2012, at least 20 stores and then increasing from there.
Expansion plans are in the executive decision making phase providing opportunities for architectural, design and prime contracting firms.
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