Whole Foods has settled a dispute over moving into a custom building in the Interbay area (the valley between Queen Anne and Magnolia). The company had planned to delay the opening, which triggered a lawsuit from the property developer. Then in December, Whole Foods announced it would scale down the size of new stores, from around 60,000 square feet to under 40,000 square feet. In the settlement reached today, Whole Foods agreed to occupy only 38,000 square feet of the Interbay building and find sublessors for the remaining 20,000 square feet.
It seems like rough economic times to open a Whole Foods... considering it sells bananas priced like caviar. I've been subsisting almost entirely on a Trader Joe's diet for the last few months, and employees at the Trader Joe's by my house say the store is busier than ever. Meanwhile, folks in the restaurant business have complained of very slow business. So maybe this grocery craze spells fortune for Whole Foods: People's idea of fine cuisine—rather than going out to eat at Campagne—is shopping at Whole Foods instead of Safeway.
But Whole Foods is still too expensive for some folks. Gothamist has an interview with a shoplifter who steals up to $50 of stuff from Whole Foods at a go. Here's an excerpt of the whole, delightful interview:
Do you remember the first thing you shoplifted? Of course, it was a sausage. It was a really expensive sausage that I put under my pants.
Comments (62) RSS