New-store productivity at Sprouts Farmers Market has risen by about 15% — to an average of $320,000 per week — as the company has broadened its assortment and shifted its focus from being a specialty store to an everyday healthy grocery store, the company’s CFO told investors Thursday.
Dollar Tree plans to begin re-bannering a handful of Family Dollar locations as soon as its acquisition of the company is completed this summer, Robert L. Sasser, president and CEO of Dollar Tree, told analysts Thursday.
Meijer said Wednesday it has signed an agreement to acquire Aureus Health Services, a Pittsburgh-based specialty pharmacy and health services company, to enhance its customer offerings, particularly to patients with complex chronic conditions.
The Asian-American consumer may be a more significant shopper segment than previous research has indicated and is ripe for further study, a researcher told the Asian Market Summit in Los Angeles, sponsored by the Asian American Advertising Federation.
Any sales weakness exhibited by Sprouts Farmers Market during the first quarter is only temporary, analysts said Friday, a day after the company reported comparable store sales of 4.8%, slightly below its forecast of 5% to 6%.
Whole Foods Market said Wednesday it plans to launch a new format next year that will retain its high quality standards but offer value pricing and a curated selection — “unlike anything that currently exists in the marketplace,” Walter Robb, co-CEO, said.