US natural and organic food retailer Wild Oats Markets has reported a preliminary third-quarter loss, hit by charges related to restructuring and warehouse closures.
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The Boulder, Colorado-based retailer reported a loss of US$0.86m for the quarter, compared to a profit of $2.2m a year earlier.
The results included a charge of $1.5m related to asset write-offs, restructuring and accelerated depreciation for the planned closure or relocation of some distribution centres and warehouses, reported Reuters.
Third-quarter sales were $237m, a rise of 3.9% year-on-year.
The company also announced it had agreed with Tree of Life to end their supply contract. To read more on this story, click here.
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