UPDATED: Upmarket US grocer Whole Foods has signed for a store in Fulham in London and revealed that its flagship store in Kensington is now EBITDA positive.
Whole Foods said its stores between two and five years old which includes Kensington along with 12 other shops reported like-for-like sales growth of 7.8% in its second quarter.
The grocer said on an analysts’ call that Kensington is EBITDA positive.
Kensington opened to much fanfare but struggled to get off the ground, partly as a result of the recession taking a toll.
Whole Foods’ total sales in the period were up 12% to $2.4bn. EBITDA increased 14% to $208.3m.
John Mackey, co-founder of Whole Foods, said: “These are the strongest overall results we have reported in the past five years.”
The Fulham store will cover 22,000 sq ft, comprising the ground, basement and first floors, on the site of the former Thai restaurant Blue Elephant which is to be redeveloped.
The store opening is scheduled for late 2012/early 2013.
Property agent Cushman & Wakefield acts for Whole Foods.
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