Sprouts Farmers Market news

With health and wellness the focus for many retailers at the start of the year, we look at three new initiatives from North America. These are centred on helping consumers make healthier choices, access specialist information, and track progress on their healthy eating journeys. USA: Hy-Vee launches virtual dietitian platform The new platform, Healthie, from Midwest-based Hy-Vee, enables cu...

Sprouts Farmers Market has unveiled its new strategy for long-term growth, building on the changes already made since CEO, Jack Sinclair, was appointed in 2019. A new vision for Sprouts Whilst a number of new ideas and initiatives were already planned for the retailer, the Coronavirus (COVID-19) pandemic has bought about significant changes to consumer behaviour, which are being factored in...

Since the appointment of Jack Sinclair as CEO in 2019, Sprouts Farmers Market has been making a number of strategic changes, helping to position the business for further growth. New Chief Marketing Officer Sprouts has announced the appointment of a new Chief Marketing Officer, effective immediately. Gilliam Phipps joins the team from Kroger, where he most recently served as Vice President o...

We look at the plans of three major US natural foods retailers to extend their store networks. Earth Fare plans to double its over next five years While many retailers have significantly curtailed their supermarket expansion plans, or are actively closing stores, operators in the natural foods space continue to see opportunities to expand. These include Earth Fare, which has outlined plans ...

Sprouts Farmers Market has reported sales growth of 16% in Q3. Strengthening its produce offer Its produce department has driven some of the growth and has benefitted from a very strong growing season this year. However, sales were strong across all departments, whilst inflation was muted. Net sales for the quarter were $1.2bn, with same store sales up 4.6%. It opened 8 new stores during th...

Sprouts Farmers Market is expanding its collaboration with Amazon's delivery service after a successful test. Fast delivery across major markets The partnership with Amazon's Prime Now delivery service has proved popular across the 10 initial stores it was launched in. By the end of 2017, this will be extended to more than 20 locations across many of its major markets. By giving customers a...

As speculation of a tie-up between Albertsons and Sprouts Farmers Market continues to grow, we look at what the deal could mean for the two businesses. Albertsons has successful track record in integrating businesses As a serial acquirer of retailer businesses, Albertsons has grown to be the second largest supermarket operator in the US, with over 2,200 stores. With a decentralised model, a...

Natural and organic specialist, Sprouts Farmers Market saw its net sales increase by 13% in 2016. Expansion driving growth The retailer opened a total of 36 new stores throughout the year, a 17% increase on its number of stores, predominantly accounting for the increase in sales. Like-for-like sales were also up 2.7%, reflecting the continued demand for health focused shopping experienc...

The retailer has announced Q4 sales of $930m, an increase of 27% on last year, with comp store sales up 7.4%. Great positioning continues to drive sales The retailer's full year sales are up 21% from last year to $3.59bn, with comp sales up 5.8%. Full year guidance was lowered to 4-5% in the second half of the year, with the retailer comfortably outperforming this. The demand for nat...

As Whole Foods Market finds the market tough going, we look at how one of its key competitors is planning for stronger growth. Exceeded expectations with Q3 performance With Q3 sales up 18% to $903.1m, and comparable store sales up 5.8%, Sprouts Farmers Market has performed very strongly in a near zero inflation environment. This strong record of growth comes at a time when competitor...