While some traditional retailers are struggling to keep their doors open, Whole Foods, owned by Amazon, is preparing to expand rapidly in other regions.

The Whole Foods food chain is looking at Sears, Kmart and other distressed retailers, sources told Yahoo Finance.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Last month, for example, the makers of Whole Foods visited a site in Utah that once housed a Kmart store, which closed in mid-2017 among & nbsp;the financial difficulties of its parent company& nbsp; and has been vacant ever since. "data-reactid =" 17 "> For example, last month, Whole Foods officials visited a site in Utah that once housed a Kmart store, and the store closed in mid-2017. the parent company and has been vacant ever since.

Whole Foods now has more than 470 stores across the country, far from its competitors in the grocery sector, including Walmart and Kroger. Eighteen months after the acquisition of Amazon, Whole Foods now has the funds to open new sites in previously inaccessible areas, including states such as Wyoming and Montana.

Sears, on the other hand, has not been profitable since 2010. Over the past three years, Sears has closed 123 Sears stores and 205 Kmart stores. Although Whole Foods focuses on coastal cities and rich neighborhoods, Sears' national footprint extends across the country and covers a large population, which can help Whole Foods grow rapidly at a relatively lower cost. .

(David Foster / Yahoo Finance)

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"They can exploit many vacant retail spaces, which gives them access to reasonable sales locations, but I also think they want to get good real estate deals by filling in the voids and getting good levels from the owners, "Neil Saunders, general manager of distribution at GlobalData, told Yahoo Finance.

Homeowners are also increasingly interested in signing grocery stores and grocery retailers because they can help direct traffic to a mall, according to Saunders.

Whole Foods did not respond to the request for comment, but Jim South, executive vice president of Grocery Chain Business Development and Growth, echoed the strategy of using existing stores for a retail real estate event in Dallas on Tuesday.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" We are looking for the best location we can find . So, if it's an existing center – the second generation space – that meets all of our criteria, we'll jump on it, "& nbsp;said South."data-reactid =" 34 ">" We are looking for the best possible location. So, if it's an existing center – the second generation of space – that meets all our criteria, let's jump everywhere. that, said South.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Krystal Hu covers technology and commerce for Yahoo Finance. To follow her Twitter."data-reactid =" 35 ">Krystal Hu covers technology and commerce for Yahoo Finance. To follow her Twitter.

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