Blog: Dean BestSales up but losses grow for Whole Foods in the UK

Dean Best | 10 July 2013

Whole Foods has booked a set of mixed annual results for its fledgling UK business, which the US natural and organic retailer is expanding. 

In a filing with Companies House, Whole Foods said losses from its UK arm almost tripled in the 12 months to the end of September last year. Whole Foods made a loss of GBP12.6m (US$18.8m) in the UK, compared to GBP4.4m a year ago, itself higher losses than the year before.

The retailer pointed to an impairment charge and the costs of opening stores in Glasgow and Cheltenham. Whole Foods also run up costs from relocating an outlet in London.

Margins were lower as Whole Foods changed its strategy of sourcing prepared foods.

The new stores helped boost sales, which were up almost 27.8% at GBP64.6m. Identical-store sales should also give Whole Foods cheer, increasing 9.7%.

Whole Foods has been one of the stand-out performers in the US in recent years despite the pressure on consumer spending.

Results from its UK business have proved less flattering but the retailer still has confidence about its operations on this side of the pond, with plans for more stores.


Lack of healthy options at UK attractions points to opportunity

A new report by the Soil Association has highlighted a lack of healthy lunch options at the cafes of some of the UK's most prestigious visitor attractions....


just-food hits the UK's airwaves

The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....


Ranjit Boparan buys another UK business out of administration

Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....

just-food homepage

Forgot your password?