Just how much will the small format 365 concept help Whole Foods Market? Participants in SN’s 21st Annual Financial Analysts Roundtable last month offered mixed opinions.
analysts overall were impressed with the model and its initial results,
some warned it would not be enough to offset souring sales at Whole
Foods’ legacy stores. Others believed 365 was promising enough to grow
faster than company officials have so far indicated by becoming a
low-cost conversion option for struggling legacy stores and compete on
more equal footing with the price-focused competitors that have stolen
so much of Whole Foods' momentum.. . . more