The grocery chain extends this distribution partnership to drive expansion and accelerate product launches.
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The grocery chain extends this distribution partnership to drive expansion and accelerate product launches.
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Sprouts Farmers Market has launched its Rescued Organics program, which reduces food waste and supports local farmers by bringing to market imperfect organic produce that would typically be discarded.
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CEO Jack Sinclair pinpoints innovation, smaller stores and a more targeted audience as three of the pillars that will help define this retail chain’s path forward.
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Sprouts’ CEO Amin Maredia said that his company’s Instacart partnership has scaled quickly and that 70% of its sales are coming from shoppers in a seven-minute drive or less from its stores.
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Despite the fact that the company has seen an increase in sales since Whole Foods’ deep discounts over the past few months, CEO Amin Maredia is open to acquisition talks. This is very telling.
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It appears that natural grocer Sprouts Farmers Market may be looking to open locations in the Northeast and Northwest, two regions where it currently does not have a presence.
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According to Bloomberg, preliminary merger talks between Albertsons and organic grocer Sprouts have been held. If this deal does go through, this could spur a private equity firm to make a play for Whole Foods.
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