Sprouts Farmers Market, a natural and heath-focused grocery chain, has announced that they will open approximately 20 new stores in 2021, including smaller format concepts. New stores will open across California, Texas, and Florida. Currently, the company operates 362 stores in 23 states and has been rapidly growing since 2018.“This year, Sprouts will densify its footprint with more stores opening in California, Florida and Texas. We’re excited to introduce our newest format in four stores in the second half of 2020 and plan to feature this format with even more stores next year, when we will be expanding at unit growth of 10% or more,” said Dave McGlinchey, Sprouts’ Chief Format Officer.
Despite the pandemic, Sprouts has followed through with their growth plans. In 2020 the chain opened 22 new stores. The company plans to continue with this initiative and remodel existing setups to refresh their current store experience for shoppers. Adopting a smaller format will allow Sprouts to embrace a fully open layout and keep produce at the heart of the store.
“Our refreshed format highlights the unique experience Sprouts is known for while emphasizing product innovation, attributes and departments meaningful to our target customers like high-quality meat and seafood, frozen items and plant-based products. The smaller size is very efficient and keeps produce at the heart of the store while maintaining our familiar open layout that will offer more assortment of products for a treasure hunt shopping experience,” added McGlinchey.
The chain’s financial success in 2021 contributed to their brick-and-mortar expansion efforts. Sprouts posted record sales in fiscal 2020, with net sales of $6.5 billion, up 15% year-over-year. They also had comparable store sales growth of 6.9%.
In addition to increasing their store footprint, Sprouts will also add two new local produce distribution centers this year – one in Colorado and Florida.
Source: Sprouts Farmers Market Expansion – Supermarket News
Photo Credit: Sprouts Farmers Market Expansion – Supermarket News
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About Sprouts Farmers Market, Inc.
Sprouts is the place where goodness grows. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com.
