Whole Foods confirms plan to buy 7 former Dominick's stores in Chicago

Whole Foods (NASDAQ: WFM) on Monday confirmed that it would be taking over seven Dominick's locations in Chicago and surrounding suburbs. The leases were bought from grocer Safeway after it exited the Chicago market in December 2013. The stores, slated to open next year, will expand the grocery chain's reach in Chicago by a third. It already operates 19 stores in the market.

"We are incredibly excited about this opportunity to quickly and significantly expand our presence in the greater Chicago area," Michael Bashaw, Whole Foods Market regional president, said. Story