Sprouts expands real estate footprint nationwide, with new stores announced for the Valley


Sprouts Farmers Market Inc. (Nasdaq: SFM), the Phoenix-based specialty grocer, is preparing to open a handful of new stores in the coming months, including two new ones in the Valley.Sprouts is one of the fastest growing retailers in the country and plans on opening 35 new locations across the U.S. in 2024, with the majority opening in the final quarter of the year, the company’s executives said during its latest earnings call on July 29.This week the company announced it will be hosting a nationwide hiring event on Sept. 6 and Sept. 7. Sprouts has nearly 420 stores in 23 states. The company employs about 32,000 people across its network of stores, distribution centers and offices. Currently there are 46 stores operating in Arizona, but in the coming months Sprouts will open two more.On Oct. 4, Sprouts is set to open a new location in Gilbert at 1668 North Higley Road; then on Oct. 25, it will be opening a store in Avondale on the northeast corner of 99th Avenue and McDowell Road, according to the company’s website. The grocer is infilling existing space at the Gilbert location, while the upcoming Avondale store is newly constructed.Even though Sprouts does not list Phoenix in its investor materials as one of its growth markets, the company continues to invest in its hometown. In June, Sprouts opened a new store in north Phoen …

See the full article on this Arizona real estate event, or, read more Arizona real estate investing news. It’s up to you!