Sprouts 'exposed' as conventional promotions popped, CEO says

Sprouts 'exposed' as conventional promotions popped, CEO says

Sprouts Farmers Market CEO Amin Maredia on Thursday blamed the company’s sudden sales shortfall on having cautiously reacted to deepening promotional price activity from conventional supermarket competitors spooked by sustained price deflation.

“We got exposed a little bit,” Maredia confessed at the Goldman Sachs Retailing Conference in New York, where a big topic of conversation was Sprouts’

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish