Whole Foods Market

Austin, Texas -- Whole Foods Market Inc. reported that its first-quarter net income rose 24% to $146 million, exceeding expectations, on stronger revenue. But the grocer narrowed its revenue forecast and said its earnings growth may slow through the remainder of the year amid higher store-opening costs and plans to increase its selection of lower-priced products.

Total sales increased nearly 14% to $3.86 billion for the 16-week period that ended Jan. 20. Same-store sales were up 7.2% for the quarter.

Hyannis, Mass. -- Boston-based The Wilder Cos. said Tuesday that, as part of its major remerchandising of Southwind Plaza shopping center in Hyannis, Mass., Kohl’s and Whole Foods Market will be opening new stores at the Cape Cod property.

Kohl’s will begin construction of a nearly 55,000-sq.-ft. space in February with an opening planned for early October.  

Also joining the center with its first Cape location is Whole Foods Market, which will open a 26,000-sq.-ft. store in early 2014.