Why no Trader Joes or Whole Foods?
#1
Posted 23 September 2006 - 05:19 PM
#2
Posted 23 September 2006 - 06:07 PM
Any ideas why neither of these grocery stores exist in FW or are downtown? It seems like TJ's would be a great fit.
No disrespect, and they both have their charms, but I just moved to Philadelphia close to both a Trader Joe's and a Whole Foods - and in my opinion, they ain't all that... Lot's of VERY EXPENSIVE organic items infused with granola. Give me Central Market any day. Worth moving to Texas for...
#3
Posted 24 September 2006 - 12:32 PM
#4
Posted 24 September 2006 - 06:46 PM
I have no idea what the deal with Trader Joe's is, though. Public or private, they don't have a metroplex presence at all, but they do have one in Houston so they're obviously not afraid of the Texas market.
Trader Joe's would be perfect for Downtown though I couldn't see a Whole Foods there for awhile.
#5
Posted 24 September 2006 - 07:36 PM
But my question is, if there is so much demand in Fort Worth for what Whole Foods has to offer, where is the start-up or entrepreneurial effort to replicate them here?
#6
Posted 25 September 2006 - 07:13 AM
Wild Oats Market.
They have smaller Sun Harvest stores in Austin and San Antonio.
Why not lure them here, especially in the absence of Whole Foods?
#7
Posted 25 September 2006 - 09:23 AM
I may be able to partly answer that question. Whole Foods is a publicly traded company and as such is rather conservative when it comes to following rules and doing due dilligence. They have to go by very conservative measures for demographics and FW simply doesn't meet them. That's not to say FW couldn't support Whole Foods. I think they would do very well here. But their bean counters won't let them. Central Market is owned by HEB, a privately held company. They are not responsible to shareholders and thus freer to use less conservative demographic measures.
I have no idea what the deal with Trader Joe's is, though. Public or private, they don't have a metroplex presence at all, but they do have one in Houston so they're obviously not afraid of the Texas market.
Trader Joe's would be perfect for Downtown though I couldn't see a Whole Foods there for awhile.
No Trader Joe's in Houston. Or anywhere in Texas.
#8
Posted 25 September 2006 - 10:05 AM
I may be able to partly answer that question. Whole Foods is a publicly traded company and as such is rather conservative when it comes to following rules and doing due dilligence. They have to go by very conservative measures for demographics and FW simply doesn't meet them. That's not to say FW couldn't support Whole Foods. I think they would do very well here. But their bean counters won't let them. Central Market is owned by HEB, a privately held company. They are not responsible to shareholders and thus freer to use less conservative demographic measures.
I have no idea what the deal with Trader Joe's is, though. Public or private, they don't have a metroplex presence at all, but they do have one in Houston so they're obviously not afraid of the Texas market.
Trader Joe's would be perfect for Downtown though I couldn't see a Whole Foods there for awhile.
Not every store they have meet their "conservative meaures for demographics."
#9
Posted 25 September 2006 - 11:01 AM
To clarify what I mean by conservative: a relatively high minimum number of households within some radius that have a household income above X, and not overlapping the radius of an existing store. I didn't mean conservative in its political sense.
#10
Posted 26 September 2006 - 11:50 AM
Nothing that Fort Worth does tries to stop that line of thinking with its city/tourist promotions.
#11
Posted 26 September 2006 - 05:11 PM
#12
Posted 26 September 2006 - 06:22 PM
--
Kara B.
#13
Posted 27 September 2006 - 06:34 AM
#14
Posted 27 September 2006 - 09:48 AM
Both are Texas headquarted businesses so I wonder who had the concept first?
The new Central Market in Southlake is supposed to open in November and they are saying it is the first new CM in 4 years. Also they have a hiring office for the Southlake store in Keller. I guess they figured they wouldn't find too many people in Southlake that wanted to work in a grocery store and Keller would have more candidates.
#15
Posted 27 September 2006 - 02:50 PM
I thought the Southlake CM opened months ago. It seems like its been talked about forever.
#16
Posted 27 September 2006 - 04:43 PM
I agree with youngalum. The reason probably is perception. FW just isn't seen as a city that would be welcoming to the Whole Foods organic (and pricey) concept. The same reasoning, IMO, is why Angelika opened up a second metroplex theater in Plano instead of FW. The company probably feels that blue collar FW just isn't the place for independant cinema. (Rumor has it that Magnolia Theaters is considering a location in Glory Park in Arlington near the new cowboys stadium.) Also grocers operate on a very thin profit margin. It makes sense that they would be very picky about where to locate stores. Consider the Urban Market in Dallas. That place is pretty busy most of the time, and they still are not making a profit yet.
I've personally talked with managers responsible for developing new stores and based on those conversations....I think you're right!
Fort Worthians have been supporting Whole Foods for decades.
#17
Posted 27 September 2006 - 07:59 PM
Regarding the difference between WF and CM there are definitely a few. WF caters a little bit more to the healthy/organic/vegetarian market. CM caters a bit more to the upscale/luxury/gourmet market. They probably overlap more than they differ, but the differences are there. Particularly produce, which CM outdoes WF on.
Personally, I prefer CM to WF, but I'll tell you what: I'm currently living in Indiana where the supermarkets are much more what I imagine supermarkets were like in the 1950s or the Soviet Uniion so I'd be happy for just a Tom Thumb.
#18
Posted 27 September 2006 - 08:28 PM
#19
Posted 27 September 2006 - 09:46 PM
vjack, I think construction on the Southlake CM started nearly a year after it was originally announced. Anyone have any idea of what other stores are opening in that center?
#20
Posted 09 October 2006 - 07:52 AM
SOUTHLAKE - Sprouts, a grocery store that specializes in produce, is slated to break ground at Randol Mill Road and Southlake Boulevard later this month.
The 30,000-square-foot store will probably open by early summer, said Doug Sanders, chief operating officer of the Arizona chain.
The store also sells natural meats, seafood and hormone-free milk, according to the company. It also sells bulk foods in bins and hosts cooking classes.
I"ve been to the Plano store twice and it's really awesome. It reminded me a little of Trader Joes. It's a shame this is another retailer that has bypassed FW...this store would be a great fit for Camp Bowie or the TCU Area. It's odd that they're sticking to DFW surburbs.
#21
Posted 09 October 2006 - 08:30 AM
SOUTHLAKE - Sprouts, a grocery store that specializes in produce, is slated to break ground at Randol Mill Road and Southlake Boulevard later this month.
The 30,000-square-foot store will probably open by early summer, said Doug Sanders, chief operating officer of the Arizona chain.
The store also sells natural meats, seafood and hormone-free milk, according to the company. It also sells bulk foods in bins and hosts cooking classes.
I"ve been to the Plano store twice and it's really awesome. It reminded me a little of Trader Joes. It's a shame this is another retailer that has bypassed FW...this store would be a great fit for Camp Bowie or the TCU Area. It's odd that they're sticking to DFW surburbs.
Actually, there is one at Forest @ Marsh in North Dallas.
#22
Posted 09 October 2006 - 08:53 AM
[Actually, there is one at Forest @ Marsh in North Dallas.
Thanks, Jeff I didn't know that. I thought Sprouts was ignoring both cities, but I guess you can add them to the list of retailers who feel FW isn't the city for such things.
#23
Posted 09 October 2006 - 11:42 AM
[Actually, there is one at Forest @ Marsh in North Dallas.
Thanks, Jeff I didn't know that. I thought Sprouts was ignoring both cities, but I guess you can add them to the list of retailers who feel FW isn't the city for such things.
Who knows... they are still "sprouting".
#24
Posted 09 October 2006 - 01:09 PM
#25
Posted 10 October 2006 - 05:39 PM
Sunflower Shoppe in FW or Healthy Approach in Colleyville?
http://www.sunflower...A09CD9AB0A0C044
#26
Posted 11 October 2006 - 02:27 AM
I have no idea what the deal with Trader Joe's is, though. Public or private, they don't have a metroplex presence at all.....
Trader Joe's is owned by the German discount grocery giant Aldi. Aldi is a "hard discounter" - the closest equivelent here in the Metroplex is the Save-A-Lot chain. The only thing is that, in Europe with its stagnant economy and lower standards of living, even people from affluent demographics regularly shop Aldi stores. Trader Joe's is a division they created for the American market.
The company finances its expansion entirely with cash and some say that its operations are more efficient than even Wal-mart's. It is privately owned and, at least as of a couple of years ago, its co-founder was the world's third richest man worth 23 billion.
I have yet to go to a Trader Joe's - but I did, out of curiosity, walk through an Aldi store I stumbled across while driving through Salina, Kansas a few years back. It looked pretty much like a Save-A-Lot.
You can read a very interesting article about the company at: http://www.businessw...17/b3880010.htm
#27
Posted 12 October 2006 - 10:18 PM
You can read a very interesting article about the company at: http://www.businessw...17/b3880010.htm
Thanks for that.
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