Whole Foods Market Acquires Handful of Dominick’s Locations
Whole Foods Market officials announced the acquisition of leases form Safeway for seven Dominick’s stores. Terms of the agreement were not made available to the public. This move will bolster Whole Food’s presence in the Midwest to 26 locations.
“We are incredibly excited about this opportunity to quickly and significantly expand our presence in the greater Chicago area,” Michael Bashaw, Whole Foods Market Midwest regional president, said in a statement. “These locations fit well with our 19 existing stores as well as the three stores currently in development. We plan to remodel each store to reflect its community and look forward to offering fresh, natural and organic foods to a broader base of Chicago customers.”
The Dominick’s locations will stay closed for remodeling throughout 2014 and reopen in 2015 as Whole Foods locations, company officials said.