March 25, 2017 8:48 PM ET

Food and Staples Retailing

Company Overview of Whole Foods Market Services, Inc.

Company Overview

Whole Foods Market Services, Inc. engages in retail of organic and natural foods. It owns Whole Foods Market Brand 365, LLC. The company was incorporated in 1994 and is based in Austin, Texas. Whole Foods Market Services, Inc. operates as a subsidiary of Whole Foods Market, Inc.

550 Bowie Street

Austin, TX 78703-4644

United States

Founded in 1994

Phone:

512-477-5566

Fax:

512-482-7000

Key Executives for Whole Foods Market Services, Inc.

Whole Foods Market Services, Inc. does not have any Key Executives recorded.

Whole Foods Market Services, Inc. Key Developments

Whole Foods Market Services, Inc. Plans to Cut 1,500 Jobs over Next Eight Weeks; Announces Expansion Plans

Whole Foods Market Services, Inc. announced that the company plans to cut 1,500 jobs over next eight weeks. The company also hoped to cut about $300 million in costs by end of fiscal year of 2017. When the job cuts were first announced, the company expressed hope that those whose jobs would be cut could be placed into some of the open positions created in its new stores. Whole Foods currently has 433 stores in UK, US and Canada. About 414 of those stores are in the US. The company is set on growth - adding more of the same stores in new areas as well as expanding into the lower price point market by opening smaller stores with cheaper products. These less-expensive stores - also known as 365 by Whole Foods Market - are designed to appeal to millennials and would compete with the likes of Trader Joe's. The company has yet to budge on its 1,200-store goal, which it has had for almost two years. Expanding into the lower priced market with its 365 stores, Whole Foods noted, could push its growth opportunity beyond 1,200 stores.

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