‘It’s a great opportunity for customers,’ says Whole Foods CEO as he announces plans to open 30 new stores | 3V98ZFG | 2024-05-12 17:08:01
'It's a great opportunity for customers,' says Whole Foods CEO as he announces plans to open 30 new stores | 3V98ZFG | 2024-05-12 17:08:01
WHOLE Foods has confirmed plans to largely expand its operational footprint as it makes the most of new technology and processes.
CEO Jason Buechel who has been at the helm for a year and a half has announced hopes for the 30 new Whole Foods stores.
Not only that, but he hopes to see this level of expansion year on year.
"Everything from my perspective is going great," Buechel told Yahoo Finance at a conference in Califonia.
The CEO detailed how the Texas-based chain launched its 10-year vision for the company at the beginning of 2024 in which it vowed to "grow with purpose."
Buechel explained that the company would be focusing on "expanding our reach" and "serving our customers in more ways."
As well as this, the team behind the retail giant will be looking at how they can continue to serve customers while also helping the planet which the CEO said is its "higher purpose."
While discussing goals to expand, Buechel noted that the growth of Whole Foods is something he is "really proud of."
He detailed how the chain has gone from single-digit store growth to now having a goal of opening "30 plus stores a year."
In addition to this Whole Foods currently has 75 stores in development.
But talking of his annual increase of 30 or more stores, the CEO proudly acknowledged, "That's expansive growth that we have taken on."
"We are really excited about it because we've got a lot of customer interest a lot of communities that are looking for us to bring stores and I'm excited because we're going to be bringing new formats as well."
<!-- End of Brightcove Player --> Buechel detailed how a new version of a Whole Foods store will first be arriving in Manhattan.
The retailer announced in March that it will launch Whole Foods Market Daily Shop which is a smaller version of the usual store.
"This will allow us to open stores where we can't fit another full physical whole foods market store," Buechel said.
"This will be an opportunity for us to serve customers in a new way and I think this will be a great opportunity, especially for fill-in shops for customers."
Explaining the new format, Buechel said that larger shops may be completed once a week at an original Whole Foods store.
Then, during the week for smaller items such as milk or bread, or items on the go, the new Market Daily Shop will come in.
<!--googleoff: all--> <blockquote class="article__quote"> </blockquote> <!--googleon: all--> Regular Whole Foods customers will soon be noticing more changes that will benefit them including "seamless checkout" and lower prices.
Buechel highlighted how the cost of inflation has been "on the minds of many customers" and that as a result, the retailer has been working with its suppliers to try to limit the impact.
However, the "reality is inflation has been real," he said though Whole Foods has tried to minimize it for customers by increasing promotions.
The retailer will also be expanding its brands to offer more affordable products to customers.
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