AUSTIN, Texas — Whole Foods Market here said yesterday it plans to reduce the number of new stores in fiscal 2009 to approximately 15 — compared with an estimate of 25 to 30 the company mentioned in a May conference call — and cut all discretionary capital spending budgets not related to new stores by 50% as part of a more conservative approach to its growth and business strategy over the short term. "[But] we remain very bullish on our growth prospects," John Mackey, chairman and chief ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.