Report: Whole Foods reducing further growth of smaller ‘365’ stores

Report: Whole Foods reducing further growth of smaller ‘365’ stores
A Whole Foods Market sign is seen in Washington, DC, June 16, 2017, following the announcement that Amazon would purchase the supermarket chain for $13.7 billion. Amazon is once again shaking up the retail sector, with the announcement it will acquire upscale US grocer Whole Foods Market, known for its pricey organic options, in a deal that underscores the online giant's growing influence in the economy. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images) (SAUL LOEB)

TOLEDO (WTOL) - Another speed bump may be ahead for Toledo’s planned Whole Foods store, as Business Insider reported on Friday that the company is halting growth of its “365” brand stores, citing pricing problems.

A 40,000-square-foot store has been planned for Toledo near Secor and Executive Parkway since at least 2015. As recently as a week ago, the company installed a “coming soon” sign in front of the building on Secor Road. Job postings for positions at the store went up earlier as well.

But Business Insider on Friday said Amazon-owned Whole Foods is halting growth of the 365 by Whole Foods Market stores, which are smaller and cheaper than traditional Whole Foods Markets.

Business Insider cited an email from CEO John Mackey that reference a price gap between the 365 stores and traditional stores that is diminishing.

The company already has built 12 of the 365 by Whole Foods Market stores, and those are to remain open.

WTOL has reached out to Whole Foods' corporate offices to see if plans will proceed or be scrapped for the store in Toledo. We will keep you updated with their response.

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