Whole Foods' U.K. operation has yet to turn a profit after five years; company lost £4.4M in fiscal 2011, up from £3.1M in 2010, but company says it remains committed to Britain
July 3, 2012
(Industry Intelligence Inc.)
– Whole Foods Market has yet to turn a profit after more than five years in the United Kingdom, The Grocer reported July 3.
The company lost £4.4 million in the year ended Sept. 25, 2011, versus a loss of £3.1 million in 2010.
Sales for the year grew 9% to £50.6 million.
Whole Foods has said it is committed to the U.K.
The company operates six U.K. stores has three stores in various stages of development.
The primary source of this article is The Grocer, London, England, on July 3, 2012.