Whole Foods discontinuing value-focused 365 store concept

Whole Foods Market is going to discontinue its smaller, value-based 365-brand concept stores, according to an internal memo from CEO John Mackey obtained Friday.In the memo, Mackey said the grocery chain will continue to operate its 12 existing 365-brand stores but will not open any new stores, and that employees of those stores will see no change.“As we have been consistently lowering prices in our Whole Foods Market stores over the past year, the price distinction […]