Whole Foods Market, seeking expansion in urban areas, is set to join the trend of retailers opening small-format stores nationwide. The Austin, Texas-based grocery chain, owned by Amazon, revealed plans to launch its first “quick-shop” location on Manhattan’s Upper East Side, with additional stores in the new format, named Whole Foods Market Daily Shop, to follow in New York City. The chain intends to introduce this small-store format to other cities across the country. This move aligns with a broader industry trend, where major retailers like Macy’s, Bloomingdale’s, Target, Ikea, Burlington Stores, Ulta Beauty, and now Whole Foods, are expanding their presence in markets, particularly dense cities, where retail space is limited, and rents are high. Macy’s, for instance, recently announced an accelerated rollout of its small-format stores.
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