Whole Foods Market Inc. plans to open its first 365 by Whole Foods Market , as part of the retailer's efforts to demonstrate that it can offer a cheaper option for consumers seeking healthy and sustainably produced foods. Aimed at helping revive sales, the affordable-but-healthy retail concept is designed to help Whole Foods compete in an organic food market that has gone mass-market. According to the company, the first 365 store will open in the Silver Lake section of Los Angeles on May 25, 2016.
"Whole Foods Is Ready to Convince You That It Can Do Cheaper", Bloomberg, May 18, 2016
Online retailer Amazon.com Inc. plans to sell more private-label brands, including those of perishable foods, such as nuts, spices, tea, and coffee. After working for several years to develop private-label lines, the online retailer will start selling them as early as end of May or start of June 2016. Sales of store brands in the US reached $118.4 billion in 2015, up by about $2.2 billion from the previous year, data from the Private Label Manufacturers Association revealed.
"Amazon to Expand Private-Label Offerings—From Food to Diapers", The Wall Street Journal, May 15, 2016
The Financial Times, May 26, 2016