Sprouts Announces Slowdown of Southeastern Expansion



Sprouts Announces Slowdown of Southeastern Expansion


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Atlanta, GA - Sprouts' Southeastern expansion plans have been widely covered, but now new reports coming from the Tampa Bay Business Journal suggest that despite having been scouting real estate locations throughout Florida, Sprouts may be slowing down these plans for the immediate future while it assess the success of its recently built Atlanta locations.

“We’ve been overwhelmed by the positive consumer feedback to the two stores that are open in Georgia,” Sprouts spokeswoman Donna Egan said. “So we would certainly love for them to be a bellwether, but we don’t have anything to share at this time.”

Sprouts has already opened 6 stores in the last fiscal quarter and with 5 more having been opened this quarter, it makes sense that the retailer would want to take a moment to stop and take the temperature of its various new locations before continuing down the expansion path.

Growth is on Sprouts' side in this endeavor. Considering that it enjoyed a incredible 141% increase in net profit and a 20% gain in sales over the course of the latest fiscal quarter, there is no need for Sprouts to barrel along in its expansion efforts until it is confident that the foundation for success has been set.

As for how long this process is expected to take, Egan would only reveal was that Sprouts did not “have a definitive timetable for expansion in the Southeast at this time” according to the Tampa Bay Business Journal.

As long as customers continue to clamor for a Sprouts near them however, I am confident that Sprouts will not maintain this slowdown for too long.

When Sprouts does decide on its expansion plans, you can count on AndNowUKnow to bring you the news first. Stay tuned!

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