Latest news with #newstores
Yahoo
21-07-2025
- Business
- Yahoo
Sprouts Farmers' New Stores Power Impressive Comparable Sales Growth
Sprouts Farmers Market, Inc. SFM is demonstrating robust performance from its new store openings. In the first quarter of 2025, the company reported impressive 19% net sales growth and 11.7% comparable store sales growth. Management attributed this solid performance directly to the success of new stores, which are entering the comparable store base with strong focuses on accelerating the performance of new locations, targeting an average of $13 million in annual sales in the first year, with expectations for 20% to 25% growth over the following four years. This expansion strategy is supported by a more efficient, smaller box format that reduces risk while enhancing profitability. With plans to open at least 35 new stores in 2025 and ample "white space" identified for future growth, the strong initial comparable sales from these new openings point to a promising trajectory for Sprouts company's revamped site selection model focuses on optimizing convenience for health-conscious shoppers, while its differentiated offering of fresh, attribute-driven products continues to resonate. New stores are opening with healthy sales volumes and ramping up quickly, making meaningful contributions to overall comparable sales consistent strength in comps from new stores highlights that these openings are more than just incremental additions. They are positioning SFM to capture a greater share of the fast-growing $290 billion health-focused grocery market. Beyond driving sales, these newer locations are expected to support long-term EBIT margin stability through fixed cost leverage and ongoing supply-chain optimization. How Do DG and TGT Stack Up Against SFM's Sales Surge? Dollar General Corporation DG reported a 2.4% increase in first-quarter fiscal 2025 same-store sales, driven by a 2.7% rise in the average transaction amount, though partially offset by a 0.3% decline in customer traffic. Dollar General saw growth across all key product categories, including consumables, seasonal, home products and apparel. Dollar General now expects same-store sales to rise between 1.5% and 2.5% compared to its prior forecast of 1.2% to 2.2%.Target Corporation TGT experienced a 3.8% decline in comparable sales, following a 1.5% increase in the preceding quarter. This drop was attributed to a 5.7% fall in Target's comparable store sales, which was somewhat offset by a 4.7% increase in comparable digital sales. Target highlighted that traffic, or the number of transactions, dropped 2.4%, and the average transaction amount decreased 1.4%. SFM's Price Performance, Valuation and Estimates Sprouts Farmers stock has been a standout performer, with shares rallying 30.4% year to date, outpacing the industry's growth of 22.5%. Image Source: Zacks Investment Research From a valuation standpoint, SFM's forward 12-month price-to-sales ratio stands at 1.75, higher than the industry's ratio of 0.27. SFM carries a Value Score of C. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Sprouts Farmers' current financial-year sales and earnings per share implies year-over-year growth of 13.6% and 35.5%, respectively. Image Source: Zacks Investment Research Sprouts Farmers Market currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT) : Free Stock Analysis Report Dollar General Corporation (DG) : Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Target Is Opening 8 New Stores in Summer 2025: Here's Where and When
Target has big plans over the next decade, with more than 300 new stores in the works. In the short term, the big-box retailer is opening eight new stores over the summer, a few of which exceed the chain's 125,000-square-foot average. Read More: Check Out: Look for the following new Target locations in July and August. Astoria, New York: July 20 Address: 22-11 31st Street, Astoria, New York 11105 Debuting as the eighth store in the Queens borough is Target's new Queens Astoria location, which is around 41,000 square feet. It includes a CVS Pharmacy and approximately 100 team members are expected to be employed. Find Out: Jurupa Valley, California: August 17 Address: 8063 Mission Boulevard, Jurupa Valley, California 92509 Target's Jurupa Valley, California location — one of the larger new stores — clocks in at 147,000 square feet with 16,000 square feet dedicated to dairy, meat and produce. Approximately 150 team members will be employed. The store includes a CVS Pharmacy, Starbucks Cafe, Apple at Target and Target Optical. Guilford, Connecticut: August 17 Address: 900 Boston Post Road, Guilford, Connecticut 06437 Before now, Guilford, Connecticut didn't have a Target. Now, it has a 78,000-square-foot store staffed by approximately 100 team members to enjoy. Special features include a Starbucks Cafe, a CVS Pharmacy and Apple at Target. Norwalk, Connecticut: August 17 Address: 680 Connecticut Avenue, Norwalk, Connecticut 06854 This 117,000-square-foot store is Norwalk, Connecticut's first Target and will have about 180 team members. Shoppers can enjoy the location's Starbucks Cafe and CVS Pharmacy. Bradenton, Florida: August 17 Address: 725 Lighthouse Drive, Bradenton, Florida 34212 This will be the second Target store in Bradenton. It features 149,000 square feet and is expected to have about 200 team members. Shoppers will enjoy 16,000 square feet of dairy, meat and produce items. Additionally, the larger-than-average store will have Apple at Target, CVS Pharmacy, Starbucks Cafe and Target Optical. Wildwood, Florida: August 17 Address: 5580 Seven Mile Drive, Wildwood, Florida 34785 Wildwood, Florida's Target store is on the larger side, and will likely employ around 140 team members. Of its 136,000 square feet, 16,000 square feet will feature fresh produce, meat and dairy. Shoppers will also find an Apple at Target, CVS Pharmacy and Starbucks Cafe. Flemington, New Jersey: August 17 Address: 325 Route 202, Flemington, New Jersey 08822 Target's Flemington, New Jersey location marks the 53rd store in the state. It's a smaller store at around 74,000 square feet, with an estimated 100 team members. It includes a CVS Pharmacy and a Starbucks Cafe. West Goshen, Pennsylvania: August 17 Address: 985 Paoli Pike, West Chester, Pennsylvania 19380 Clocking in at slightly less than Target's average footprint, the West Goshen, Pennsylvania store is around 120,000 square feet, with an expected 120 team members. Shoppers will enjoy the added Starbucks Cafe and CVS Pharmacy. More From GOBankingRates 8 Dollar Tree Items Retirees Need To Buy Ahead of Summer 2025 Clever Ways To Save Money That Actually Work in 2025 10 Cars That Outlast the Average Vehicle This article originally appeared on Target Is Opening 8 New Stores in Summer 2025: Here's Where and When
Yahoo
14-07-2025
- Business
- Yahoo
Is Target coming to Frankfort, Ky.? Where Target is opening new stores near me across US
Target plans to open 48 stores across 22 states, including a location in Kentucky announced last year. Target's corporate website doesn't list opening dates for the new stores, but does reveal the approximate size of each new location. Here's what know: Yes, Target is opening one new store in Kentucky in Frankfort, according to The new store will be located at the northeast quadrant of Interstate Highway 64 and Route 127, according to The size will be approximately 128,000 square feet. Target has not yet revealed the opening date for the Frankfort store. A Target spokesperson stated via email that the store's opening date would be revealed closer to when the location is ready for customers. "We're excited to bring an easy, affordable and convenient shopping experience to new guests in the Frankfort community with this new Target store," the Target spokesperson said. "As we get closer to opening the store, we'll have more specific details to share − including how the shopping experience will be tailored to serve local guests and the grand opening date." Here is a list of additional new Target locations, according to Target did not disclose opening dates for upcoming stores: Buckeye: Located at the northeast corner of Interstate Highway 10 and Verrado Way; approximately 148,000 sq. ft. Mesa Far E: Located at the northeast corner of Highway 60 and Signal Butte Road; approximately 148,000 sq. ft. Queen Creek: Located at 37854 N. Gantzel Road; approximately 145,000 sq. ft. Bakersfield: Located at Panama Lane and Gosford Road; approximately 148,000 sq. ft. Fresno Fancher Creek: Located at 205 S. Clovis Ave.; approximately 148,000 sq. ft. Jurupa Valley: Located at 8063 Mission Boulevard.; approximately 148,000 sq. ft. Perris: Located at 1688 N. Perris Boulevard; approximately 150,000 sq. ft. Denver Green Valley Ranch: Located at the northwest corner of East 56th Avenue and Tower Road; approximately 150,000 sq ft. Firestone: Located at 4358 City Centre Road; approximately 128,000 sq. ft. Guilford: Located at 900 Boston Post Road; approximately 78,130 sq. ft. Norwalk: Located at 680 Connecticut Ave.; approximately 117,215 sq. ft. Bradenton Heritage Harbor: Located at 725 Lighthouse Drive; approximately 148,000 sq. ft. Cypress Creek Station: Located at 6415 N. Andrews Ave., Fort Lauderdale, Fla.; approximately 121,000 sq. ft. Lake Nona: Located on Lake Nona Boulevard, half mile east of Boggy Creek Road; approximately 149,000 sq. ft. Trailwinds Village: Located at County Road 466A and Seven Mile Drive; approximately 136,900 sq. ft. Wesley Chapel Grove: Located at the corner of Oakley Boulevard and Pink Flamingo Lane; approximately 148,500 sq. ft. Winter Haven: Located at U.S. Highway 17- 3rd Street SW and Avenue R SW; approximately 149,000 sq. ft. Pocatello Chubbuck: Located at Pine Ridge Mall, southwest corner of Interstate Highway 86 and Yellowstone Avenue; approximately 128,000 sq. ft Frankfort: Located at the northeast quadrant of Interstate Highway 64 and Route 127; approximately 128,000 sq. ft. Springfield: Located at Boston Road and ½ mile east of Parker Street and Highway 21; approximately 128,000 sq. ft. Tupelo: Located at northwest corner of North Gloster Street & Commonwealth Boulevard; approximately 148,700 sq. ft. Springfield: Located at the southeast intersection of West Sunshine Street (Missouri Route 413) and West Bypass (U.S. Highway 160); approximately 148,000 sq. ft. University City: Located at Olive Boulevard between Interstate Highway 170 and Woodson Road; approximately 149,900 sq. ft. Grand Island: Located at West 13th Street (between Highway 281 and North Webb Road); approximately 148,200 sq. ft. Flemington: Located at 325 Route 202; approximately 75,525 sq. ft. West Orange: Located at 235 Prospect Ave.; approximately 150,000 sq. ft. Bridgehampton: Located at 2044 Montauk Highway; approximately 90,000 sq. ft. Queens Astoria: Located on 31st Street between Ditmars Boulevard and 23rd Avenue; approximately 47,000 sq. ft. Fuquay-Verina: Located at 2901 Wallace Adcock Boulevard; approximately 148,000 sq. ft. Mebane: Located at Interstate Highway 40 and Trollingwood Road; approximately 128,000 sq. ft. Myrtle Grove: Located at southeast corner of Carolina Beach Road and Piner Road; approximately 128,000 sq. ft. Selma: Located at 551 Saint Mark Ave.; approximately 130,000 sq. ft. Lima Mall: Located at Elida Road and North Cable Road; approximately 128,000 sq. ft. West Goshen: Located at 985 Paoli Pike; approximately 120,000 sq. ft. Indian Land: Located at 5345 Crossridge Boulevard; approximately 148,000 sq. ft. Lexington Augusta Highway: Located between Oak Pointe Drive and Jamestowne Court on Augusta Highway; approximately 129,000 sq. ft. Seneca: Located at 1810 Sandifer Boulevard; approximately 128,855 sq. ft. Brookings: Located north of Sixth Street/Highway 14 and east of Interstate Highway 29; approximately 127,000 sq. ft. Dallas − Wynnewood Village: Located at 655 W. Illinois Ave., Dallas, TX 75224; approximately 111,000 sq. ft. Forney: Located at 11520 East U.S. 80; approximately 148,900 sq. ft. Fort Worth: Located at McPherson Boulevard and Chisholm Trail Parkway, Fort Worth, TX 76123; approximately 149,000 sq. ft. Katy Heritage: Located at 29355 Katy Freeway, Katy, TX 77494; approximately 148,000 sq. ft. Little Elm: Located at southwest quadrant of U.S. Highway 30 and Ryan Spiritas Parkway; approximately 148,000 sq. ft. Stafford: Located at Arc Lane; approximately 124,500 sq. ft. Herriman: Located at 13251 S. Towne Commons Drive; Approx. 128,800 sq. ft. Logan: Located at 1300 Main St., Suite #100, Logan, UT 84341; Approx. 148,771 sq. ft. South Riding: Located at Loudoun County Parkway and Dulles West Boulevard; approximately 148,000 sq. ft. Brown Deer: Located at the NE quadrant of W. Brown Deer Road and N. Green Bay Road. Approximately 128,000 sq. ft. Chris Sims is a digital content producer for Midwest Connect Gannett. Follow him on Twitter: @ChrisFSims. This article originally appeared on Louisville Courier Journal: Target near me 2025: Future Target locations coming soon to Kentucky, US
The Sun
17-06-2025
- Business
- The Sun
B&M to open three brand-new stores this week – is one coming near you?
MAJOR discounter B&M is set to open three brand new stores this week in a boost for shoppers. The DIY, toys and games and pets retailer is pulling up the shutters on the sites between Thursday and Saturday. 1 A store in Erdington, Birmingham, will open on Thursday (June 19) while a second will open on Friday in Galashiels, Selkirkshire, Scotland. The third location is opening in Halifax, West Yorkshire, on Saturday (June 21). Details on the new stores including their contact numbers can be found on the B&M website It comes as B&M opens a number of branches across the UK, including 14 since the start of the year. Shops have opened in Leicestershire, Kent, Shropshire, Cumbria and Somerset. Wales, Winsford, Cheshire and Chatham, Kent. In its latest results, B&M reported an increase in group revenues of £5.6billion in the 52 weeks to March 29, up from around £5.3billion in the 52 weeks to March 30, 2024. But, group operating profit was down 7% over the same time window, from £608million to £566million. The retailer acknowledged the group's sales performance was "below expectations" due to a challenging economic backdrop. However, it said the group's overall profit in the 52 weeks to March 29 was still "resilient". 5 ways to save money in B&M The retailer said it opened 45 B&M stores, plus a further 11 in France over the year, with more openings expected this year. The retailer is yet to confirm the full list of 45 branches which opened over the 52 week period. OTHER RETAILERS OPENING STORES The retail sector has struggled in recent years as households turn to online shopping and amid high inflation. The Centre for Retail Research said more than 13,000 high street shops closed for good in 2024. The complete list of confirmed B&M openings this year Here is a list of the 18 locations we do know about: Hall Croft, Shepshed, Leicestershire - April 26 New Rossington, Doncaster, South Yorkshire - May 2 Eastgate, Louth, Lincolnshire - May 16 Watling Road, Bishop Auckland, County Durham - May 17 Bridge Street, Killamarsh, Derbyshire - May 21 Middlebrook Way, Holt Road, Cromer, Norfolk - May 23 Linden Park Road, Tunbridge Wells, Kent - May 24 Tweedmouth, Berwick-upon-Tweed, Northumberland - May 30 Wyndham Way Retail Park, Portishead, Somerset - May 30 The Market Hall, The Eden Centre, Carlisle, Cumbria - May 30 Wrekin Retail Park, Arleston, Telford, Shropshire - May 31 Horsted, Chatham - June 6 Queens Parade, Winsford – June 11 Picton Court, Bridgend - June 14 Erdington - June 19 Galashiels - June 20 Halifax - June 21 Antrim – August 19 This was after more than 10,400 stores closed permanently in 2023, it said. However, some retailers and chains have been bucking the trend and opening stores across the UK. Discount supermarket Aldi recently earmarked 115 areas where it wants to open new stores. Among areas the retailer is eyeing up are Leicester, Sheffield and Wolverhampton. Meanwhile, M&S wants to open 12 new food stores across the UK, creating 500 jobs. The move is part of the retailer's 'store rotation and renewal' programme, which aims to bring in 420 bigger, fresher food shops and upgrade 180 full line stores by 2027/28. Family-owned Søstrene Grene is reportedly eyeing up 50 new stores across the UK as well.
Daily Mail
20-05-2025
- Business
- Daily Mail
Greggs plans to open up to 150 new bakeries this year
Greggs opened 20 new stores in total over the first half of its financial year, as the bakery chain advances towards its goal of more than 4,500 locations across the country. The group, which has 2,638 bakeries across Britain and already has more stores than McDonald's, is planning another 140 to 150 further net new openings this year. New store openings helped drive a 7.4 per cent increase in total sales to £784million over the first 20 weeks of 2025, Greggs said on Tuesday. Like-for-like sales rose by 2.9 per cent over the period, having disappointed with a 1.7 per cent increase in the first nine weeks, which it blamed on a challenging macroeconomic backdrop. Growth at Greggs is also being bolstered by an expansion of its menu. It has recently introduced new items like mac and cheese, chicken burgers and fish finger sandwiches. The group has also embraced longer opening hours into the evening, increased delivery sales through Just Eat and Uber Eats, and launched the Greggs App. Last week, Greggs raised prices on some products by up to 10 pence after a round of increases in January. On Tuesday, Greggs said the construction of its new frozen product manufacturing and logistics facility in Derby and its National Distribution Centre in Kettering 'continues at pace'. Both sites are, as planned, expected to be operational in 2026 and 2027 respectively. The group added: 'The improved LFL sales performance has been delivered in what remains a challenging market context, and during a period that compares with our strongest performance in 2024. 'Our investment programme is on track and there has been no change to the outlook for cost inflation, which we expect to be around 6 per cent on a LFL basis. Our plans for managing the inflationary headwinds are progressing well and, whilst early in the financial year, the Board's expectations for the full year outcome remain unchanged.' In March, Greggs forecast another 'year of progress' after reporting an underlying pre-tax profit of £190million for 2024. However, Shares in Greggs have fallen by around 28 per cent so far this year, reflecting weakness among its core lower-income customer base. Greggs ditches self-service fridges in some stores Greggs has put sandwiches and drinks behind counters in some of its stores to help fend off shoplifters. The bakery chain typically displays the items in self-service fridges, but has ditched this in at least five stores due to a spate of thefts. Its site in Whitechapel, east London, is among those where it has launched the initiative. The business is among a raft of retail firms to have reported a jump in crimes in recent years, including attempted violence against staff members. A Greggs spokeswoman said: 'This is one of a number of initiatives we are trialling across a handful of shops which are exposed to higher levels of anti-social behaviour. 'Customers can expect to see our full range of great value and tasty Greggs favourites available from behind the counter. 'The safety of our colleagues and customers remains our number one priority.'
