The first 365 by Whole Foods Market location will open on May 25 in the Silver Lake section of Los Angeles, according to a Thursday release. The lower-priced complement to the original Whole Foods Market Inc. stores, ‘365’ will offer a number of features including online ordering and delivery through Instacart and partnerships with companies like Allegro Coffee Company. Two more 365 locations will open in 2016 in Bellevue, WA and Portland, OR. Whole Foods has signed 13 leases for 365 by Whole Foods Market locations, the company said in February. Whole Foods shares are up 0.9% in Thursday morning trading, but down 39.5% for the past year. The S&P 500 is down 1% for the past 12 months.
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