Bio • Email • Archive
 

Whole Foods on hold

Racked LA reports that the planned Selma and Vine location, part of the Camden Properties development, is being shelved until the market takes a turn for the better. It's not a huge surprise, considering that the company's financials have been less than stellar (the "Whole Paycheck" thing doesn't work very well with an unemployment rate approaching 9 percent). This afternoon, Whole Foods reported that second-quarter net income had declined, the 10th straight quarter that's happened. The chain has been pulling back from plans for new stores.


More by Mark Lacter:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Previous story: SEC may charge Mozilo

Next story: Anyone still wear ties?

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook