Whole Foods' UK losses worsen

The international marketing magazine for fresh produce buyers in Europe
Mike Knowles

BY MIKE KNOWLES

Thursday 5th July 2012, 11:18 London

Whole Foods' UK losses worsen

Company still struggling to find route to profitability in highly competitive British retail market, figures suggest

Whole Foods' UK losses worsen
Fruit on sale at Whole Foods Market in Kensington, London

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US-owned retailer Whole Foods is reportedly still struggling to turn a profit in the UK, where it currently operates a total of six stores and from where it had originally planned to expand into Europe.

According to The Grocer, the company's British business has reported a loss of £4.4m (€5.5m) for the year to 25 September, five years after it opened its first UK-based Whole Foods Market outlet in the upmarket London borough of Kensington.

That result compared poorly with a £3.1m (€3.9m) loss in the same period 2010, although figures available at Companies House suggest sales improved by 9 per cent year on year to £50.6m (€63m).

Whole Foods is understood to have three more UK stores in development, due to open in 2013 at the earliest.

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