![]() retains its belief in the concept.įollowing is an edited transcript of SN’s interview with Sherrell which took place late last month.Ĭhris Sherrell: Things are going great. (Its more mature counterpart Sprouts, by contrast, averages nearly $16 million in annual per-store sales).Īs Fresh Thyme shoots toward still more sites, and greater store productivity as consumers take to the concept, Sherrell said his bet on including more foodservice than the typical farmer’s market has been a success, and that investor Meijer Inc. ![]() While not every site has been a home run, and the company is not immune to the challenges of competition and price deflation affecting industry counterparts, Sherrell said the chain has surpassed $500,000 in annual sales, or a rough average of between $10 million and $11 million per store per year. A plan to open 54 stores in six years has resulted in 48 stores in less than three years, with about 20 new locations on the schedule this year and next. In an interview with SN, the CEO of the Downers Grove, Ill.-based retailer acknowledged he has accomplished even more than he set out to when he first discussed that vision with SN in 2013. Original Article By: Jon Springer, Supermarket News, February 22, 2017Ĭhris Sherrell opened the first Fresh Thyme Farmer’s Market nearly three years ago with a vision of establishing not only the Midwest’s first farmer’s market-style store, but also its first true healthy lifestyle retail brand. Chris Sherrell reflects on three years of rapid growth
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