More info on Whole Foods’ cheaper sister store debuting in Silver Lake

Los Angeles /
May.May 02, 2016 02:00 PM

Silver Lake is getting the Whole Foods treatment — only cheaper.

The northeast L.A. neighborhood is gearing up for the grand opening of the first Whole Food’s 365 market, a more affordable and, in turn, millennial friendly version of the original upscale grocery store.

Located at 2520 Glendale Boulevard, the 28,000-square-foot store will be substantially smaller than the average 45,000-square-foot Whole Foods. It will include a coffee and craft beer bar; a tea station; a vegan restaurant and grocery delivery options, presumbly for the millennial who doesn’t want to leave the pod.

The company announced Monday it would open a second 365 location in Lake Oswego, Oregon in July.

The rollout of these smaller and cheaper markets is aimed at mitigating the increasing competition in the organic food market.

“This opens up a new segment of the market,” 365 president Jeff Turnas tells Fortune. “There’s a piece of the business we’re not getting.”

According to Turnas, the company plans to cut the expenditure of 365 stores by using a standard store format, thereby needing less from architects.

The new stores will all have one entrance and eight end caps. Products will be displayed on low fixtures, and though they will be omitting butchers and cheesemongers, the 365 stores will keep Whole Food’s signature prepared food bars. [Fortune]Cathaleen Chen


Related Articles

arrow_forward_ios
Gov. Gavin Newsom (Getty)

Statewide curfew means more bad news for restaurants, retailers

Statewide curfew means more bad news for restaurants, retailers
Macerich CEO Thomas O’Hern and Santa Monica Place mall

Here’s what tenants are paying at Macerich’s Santa Monica Place

Here’s what tenants are paying at Macerich’s Santa Monica Place
L.A. businesses can now deny service to any patron not wearing a mask

LA businesses may deny service to those not wearing masks

LA businesses may deny service to those not wearing masks
Los Angeles County plans to clear several businesses to reopen over the next 10 days

Malls, nail salons, other LA businesses to open in next 10 days

Malls, nail salons, other LA businesses to open in next 10 days
California Market Center (Credit: Brookfield)

Brookfield lawsuit: Mom-and-pop retailers unfashionably late in paying rent

Brookfield lawsuit: Mom-and-pop retailers unfashionably late in paying rent
Kurt Wisner and Robert Reffkin (Credit: Brad Barket/Getty Images)

TRD analysis: How Compass came to dominate one of LA’s hottest neighborhoods

TRD analysis: How Compass came to dominate one of LA’s hottest neighborhoods
Macerich CEO Thomas O'Hern and Santa Monica Place mall

Macerich posts $27M loss; CEO touts physical retail

Macerich posts $27M loss; CEO touts physical retail
Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller with a rendering of the project

An analysis of rent rolls at Hollywood & Highland

An analysis of rent rolls at Hollywood & Highland
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...