Responding to customer demand, the Phoenix-based Sprouts Farmers Market has in recent weeks opened new stores in Sahuarita, Arizona; Las Cruces; and Albuquerque.
Those store openings are part of a larger plan announced by the company known for its fresh produce, organic foods and range of vitamin offerings, to expand its footprint nationally.
Currently Sprouts, which last year saw revenues in excess of $3.5 billion, is working to open eight new stores by the end of the second quarter of 2018 in California, Georgia, Nevada, North Carolina, and South Carolina.
Given its steady growth, it is perhaps not a surprise that analysts of the company are forecasting an 11 to 12 percent revenue growth for this year.
With a total of 290 stories in operation, Sprouts altogether plans to open exactly thirty new stores in 2018, and has approved 52 sites for new locations.
Launched in 2002, the chain’s outlets have primarily been located in the southwest. It has just over 180 stores in Arizona, California, Colorado, and Texas.
Company officials say the typical Sprouts store size is around 30,000 square feet. Those spaces with its most recent locations are either carved out in existing malls and shopping centers or are built entirely new.
By Garry Boulard
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