The Chicago Tribune reports that Whole Foods plans to open “one of its cheaper, smaller-format 365 stores in suburban Evergreen Park next year and is not abandoning the concept under its new Amazon ownership.”

According to the story, “The 30,000-square-foot store, announced early last year, was originally scheduled to open in November. But with Amazon’s acquisition of Whole Foods came uncertainty on whether the company would stay committed to the 365 model, which has lower profit margins but could draw shoppers on a tighter budget. The Evergreen Park location would be the first 365 store in the Chicago area.”

KC's View: I actually think that the 365 format will be a great laboratory for Amazon to test various concepts that, if successful, could be applied to its Whole Foods stores.