Sprouts Farmers Market

From Wikipedia, the free encyclopedia
Sprouts Farmers Market, Inc.
TypePublic
Traded as
Nasdaq: SFM
S&P 400 Component
IndustryGrocery store, Health food store
Founded2002; 19 years ago (2002)
Headquarters5455 E. High Street, #111,
Phoenix, Arizona
,
United States
Area served
Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Kansas, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington
Key people
  • Jack Sinclair (Chief Executive Officer)
ProductsGroceries
Services
RevenueUS$5.6 billion (2019)
Net income
US$150 million (2019)
Number of employees
35,000[1] (2020)
Websitesprouts.com
Sprouts Farmers Market Building, Westwood Blvd, Los Angeles, CA

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, US. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, natural body care and household items. Sprouts employs more than 35,000 workers and operates more than 340 stores in 23 states.[2] A typical store is around 30,000 square feet.[3]

History[]

In 1943, Henry Boney opened a fresh fruit stand near La Mesa, California, which grew into a handful of open-air farmers markets. In 1969, his sons developed Boney's Market, which grew into a beloved community grocery store. By 1997, the family's unique set of small-box farmers market grocery stores were renamed Henry's Farmers Market after their father. Sprouts Farmers Market was founded in 2002 in Chandler, Arizona, by members of the Boney family.[4] In 2011, Henry's, Sun Harvest and Sprouts came together again under Apollo Global Management and all were rebranded as Sprouts stores.[5] In 2012, Sunflower was acquired and was also rebranded Sprouts. Sprouts became a public company traded on NASDAQ in 2013.[4]

Fortune included Sprouts on its list of the World's Most Admired Companies in 2018 and 2019.[6]

Charitable giving[]

In 2015, Sprouts founded the Healthy Communities Foundation, which supports local health and wellness related causes.[7] Since then, the Foundation has awarded more than $10 million to nonprofit partners across 23 states.[8]

Sustainability[]

Sprouts operates with a focus on the environment, product quality and supply chain transparency, team members, and local communities.[9] As part of Sprouts' commitment to "zero waste", Sprouts participates in a food waste diversion program that provides food to those in need, feed for animals, and nutrients for agricultural soil. All edible food that is no longer fit for sale is donated to hunger relief agencies, and food that is not fit for hunger relief agencies is donated as cattle feed. Everything else is donated as compost.[10] In 2019, the U.S. Environmental Protection Agency (EPA) recognized Sprouts with several recognition through its GreenChill program, a partnership with food retailers to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change.[11]

Products[]

Sprouts offers a wide selection of products that are minimally processed and free of artificial flavors, colors, preservatives and synthetic ingredients. The company says that 90% of its products meet this standard.[12]

Sprouts has its own private label brand of products, featuring more than 2,400 items.[13] Sprouts offers beef products that range from choice cuts to grass-fed. Sprouts has a large Vitamins & Supplements department with more than 7,500 products.[3] Produce makes up approximately a quarter of the business for Sprouts, and the store carries around 200 varieties of organic produce.[14] As a healthy food grocer dedicated to affordability and accessibility, one third of the store is always on promotion.[15][14]

Concerns and criticism[]

Animal product concerns[]

In April 2017, the network Direct Action Everywhere (DxE) released the results of their investigation into cage-free egg supplier Morning Fresh Farms.[16] The Phoenix Business Journal covered the investigation and included comments from Sprouts, noting that Morning Fresh Farms provided inspection reports and certification documents showing compliance that indicated the video shared in the results was not reflective of the farm's cage-free facility in Colorado.[17]

Criticism[]

The store's use of the term "farmers market" has been criticized by local farmers and food sovereignty advocates for appropriating a term they believe should be reserved for direct-to-consumer sales venues.[18]

References[]

  1. ^ https://about.sprouts.com/about/. Retrieved 2020-07-06. Missing or empty |title= (help)
  2. ^ "Sprouts Official Company Overview". 2020-07-06. Retrieved 2020-07-06.
  3. ^ Jump up to: a b "12 things shoppers need to know about Sprouts Farmers Market". The Tennessean. Retrieved 2017-11-06.
  4. ^ Jump up to: a b "Our Story". Sprouts Corporate. Retrieved 2020-07-06.
  5. ^ Klingler 2015, p. 96.
  6. ^ "Sprouts Farmers Market". Fortune. Retrieved 2019-09-11.
  7. ^ "Sprouts Awards $1.6M to Health-focused Nonprofits". ProgressiveGrocer. 2016-10-18. Retrieved 2016-11-22.
  8. ^ "Sprouts Foundation Taking Applications For Neighborhood Grants Program". Shelby Report. 2020-05-22. Retrieved 2020-07-06.
  9. ^ "Sustainability". Sprouts Corporate. Retrieved 2019-09-11.
  10. ^ "Environment". Sprouts Corporate. Retrieved 2019-10-31.
  11. ^ US EPA, OA (2019-09-11). "EPA Applauds the Smart Refrigerant Management by Weis Markets and Supermarkets Across America". US EPA. Retrieved 2019-09-11.
  12. ^ Murphy, Cat. "Healthy choices ripe for the picking at Sprouts Farmers Market". The Murfreesboro Post. Retrieved 2017-11-09.
  13. ^ Taylor, Natalie (October 23, 2018). "Sprouts to Open 30 New Stores in 2019". www.winsightgrocerybusiness.com. Retrieved December 6, 2018.
  14. ^ Jump up to: a b Griffin, Justine (21 February 2017). "Tampa Bay's first Sprouts Farmers Market opens Wednesday". Tampa Bay Times. Archived from the original on 2017-02-22. Retrieved 2020-01-09.CS1 maint: unfit URL (link)
  15. ^ "Here's a look inside Sprouts Farmers Market at Lincoln Square". Phillyvoice. Retrieved 2018-12-06.
  16. ^ "Employee Access Sprouts Market". Retrieved 2019-12-03.
  17. ^ Totten, Steven (18 April 2017). "Investigation finds starving chickens at Sprouts Farmers Market egg supplier". Phoenix Business Journal. American City Business Journals. Retrieved 24 April 2017.
  18. ^ https://americanfarmpublications.com/harford-grower-takes-issue-with-grocery-using-farmers-market-term/

External links[]

Retrieved from ""