2 days ago I was telling my friend Jeremy (who continues to write excellent posts on his blog) that although WFMI stock hasn't performed that well since I purchased it 8 months ago, I hadn't the faintest doubt over the long term.
What I wrote 8 month ago about the company is still very valid, all I have to do is wait and to be patient...
Out of the 193 units the company now manages, there are only 3 in Canada and 6 in the UK. But those ones really have nothing to do with the regular Whole Foods US units. While US stores have 30.000 to 70.000 Sq Ft retail space, British units display a pale 4 to 6.000 Sq Ft retail space, 1/10th that of the US.
All told, it's really not the same concept, and they don't even use the same name. Whole Foods' presence in the UK, concentrated in London in fact, today is "Fresh & Wild".
But this is soon going to change : Whole Foods is to open its 1st super center in High Street Kensington in London, with over 80,000 Sq Ft retail space. Simply said, it will be the largest Whole Foods unit on earth. In comparison, NYC Time Warner Center Whole Food is just below 60,000 Sq Ft...
The opening of the London unit , which is due in July, truly marks WFMI's foray into foreign land. Let's keep an eye on how well they do.
UK doesn't have a lot of competitors when it comes to whole foods production.
Posted by: internet merchant accounts | April 06, 2011 at 11:57 AM