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Sprouts Farmers Market to open 20 new stores in 2021

Among the locations are 10 sites in Florida, and four new-format stores

Michael Browne, Executive Editor

March 5, 2021

3 Min Read
Sprouts_Exterior Rendering.png
The first ground-up new-format Sprouts store (as shown in rendering above) will open in Phoenix later this summer.Sprouts Farmers Market

Natural and healthy grocer Sprouts Farmers Market will open approximately 20 new stores this year, including four with a new, smaller format and one store relocation, the company announced on Friday.

Among the openings are 10 stores in Florida where Sprouts has been growing rapidly since 2018 and currently operates 23 locations. Stores in Dania Beach, Fla.; Grand Prairie, Texas; Phoenix, Ariz.; and Smyrna, Ga., will introduce the retailer’s updated, smaller format averaging 25,000 square feet, and one store in Tustin, Calif., will be remodeled this year with the new layout.

“This year, Sprouts will densify its footprint with more stores opening in California, Florida and Texas,” said Dave McGlinchey, Sprouts’ chief format officer. “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.”

In an earnings call on Feb. 26, Sprouts CEO Jack Sinclair commented on Sprouts’ growth plans. The retailer, which operates 362 stores in 23 states, opened 22 new stores in 2020 even with the pandemic raging across the country.

For 2021, Sinclair said, “As we look through the year, we will remodel an existing store with parts of the new format early in the summer and our first ground-up new store format will open later in the summer in Phoenix.”

Related:Sprouts Farmers Markets sees sales growth of 15% in fiscal 2020

Sprouts_Produce Rendering.png

As seen in this rendering, the smaller size of Sprouts' new store formats keeps produce at the heart of the store while maintaining the retailer's familiar open layout.

Friday’s announcement listed the locations for the new stores:

• Boynton Beach, Fla.

• Brandon, Fla.

• Buford, Ga.

• Dania Beach, Fla.

• Denver

• Garden Grove, Calif.

• Grand Prairie, Texas

• Homestead, Fla.

• Las Colinas, Texas

• Maricopa, Ariz.

• Menifee, Calif.

• Miami

• Oakland Park, Fla.

• Orlando

• Phoenix, Ariz. (relocation)

• Port St. Lucie, Fla.

• Reno, Nev.

• Smyrna, Ga.

• Tampa

• West Palm Beach, Fla.

“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,” said McGlinchey. “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.”

Sprouts will also open two new local produce distribution centers this year, one in Aurora, Colo. in March and another in Orlando, Fla. later in the year. The new centers will drive supply chain efficiencies by positioning stores within 250 miles of the centers.

Related:Sprouts well positioned for post-pandemic success, CEO Jack Sinclair tells investors

Sprouts Farmers Market posted record sales in fiscal 2020, with net sales of $6.5 billion, a 15% increase from 2019, as well as comparable store sales growth of 6.9% and two-year comparable store sales growth of 8.0%, both on a 52-week basis.

“We generated a robust top line with sales up 15%, record earnings and operating cash flow of nearly $500 million — while absorbing costs associated with an increase in e-commerce sales, the opening of 22 new stores and the payment of record bonuses to frontline team members,” said Sinclair.

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Sprouts Farmers Market

About the Author

Michael Browne

Executive Editor, Supermarket News

Michael Browne joined Supermarket News in 2018 after serving in managing and executive editor capacities at leading B2B media brands including Convenience Store NewsLicense Global and Travel Agent. He also previously served as content production manager for print and digital in the Business Intelligence division of Informa, parent company of Supermarket News and Nation’s Restaurant News.

As executive editor, Mike oversees the editorial content of supermarketnews.com as well as the monthly print publication. He also directs all content-based brand-related projects including the annual Top 75 Retailers report, Category Guide, Retailer of the Year, research surveys and special reports, as well as podcast and webinar content. Mike has also presented and moderated at industry events.

In addition to the positions mentioned above, Mike has also worked as a writer and/or editor for special projects at American Legal Media (ALM), managing editor for Tobacco International, special projects editor at American Banker • Bond Buyer, and as production editor for Bank Technology News and other related financial magazines and journals published by Faulkner & Gray.

A graduate of Fordham University, Mike is based in New York City, where he was born and raised.

Contact Mike at [email protected] or follow him on Twitter and LinkedIn.

 

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