Sunflower Farmers Market
TypePrivate
Founded2002
HeadquartersBoulder, CO, U.S. and Phoenix, AZ, U.S.
Number of locations
35
Area served
Arizona, California, Colorado, Nevada, New Mexico, Oklahoma, Texas and Utah
Key people
Chris Sherrell, President & CEO[1]Press Release
ProductsFood, natural food, organic food, frozen foods, grocery items, private-label items, natural living,[2] bath and body care items, vitamins and supplements
Websitewww.sunflowermarkets.com
www.facebook.com/sunflowermkt

Sunflower Farmers Market was an American chain of full-service grocery stores headquartered in Phoenix, Arizona, which emphasized value-priced natural and organic products. Sunflower opened its first store in Albuquerque, New Mexico, in 2002. In June 2013, Sunflower Farmers Market was operating 38 grocery stores located in eight Southwestern states: Arizona, California, Colorado, Nevada, New Mexico, Utah, Oklahoma[3] and Texas (where it formerly operated as Newflower Farmers Market). In June 2012, Sunflower merged with Sprouts Farmers Markets.

History

Libby Cook, founder of Sunflower Farmers Market, had been involved in the natural and organic food business for 25 years. She was President and CEO from 2002 to 2005. In 2006 Mike Gilliland became CEO. He, along with Cook co-founded Wild Oats Markets[4][5] and together grew the company from a single store in Boulder, Colorado to a billion-dollar publicly traded enterprise with 115 stores throughout the US and Canada.[6]

In 2002, Cook founded Sunflower Farmers Market, which operates natural foods supermarkets throughout the southwestern United States; she served as the company's Chief Executive Officer.[4] until 2006. In 2007, KMCP Advisors invested $30 million (~$41 million in 2022) in Convertible Preferred Stock. The Company used the proceeds to fund the opening of new stores. The managers of KMCP Advisors, Timothy Kelleher and Douglas Meltzer, are also the founders of Silver Canyon Group, a private equity firm focused on growth equity based in San Diego, CA. In February 2011, Gilliland resigned[1] after being arrested on felony charges; Chris Sherrell, Sunflower's president at the time, was subsequently named acting CEO.[1] He was appointed permanent CEO three months later.[7] Under the leadership of Sherrel and KMCP Advisors, the Company continued to flourish.

Merger

In March 2012, Sunflower Farmers Market merged with Sprouts Farmers Market.[8] Tim Kelleher of KMCP Advisors continued his Board role in Sprouts.

Products

Sunflower Farmers Market aims to develop the value segment of the natural and organic foods retailing industry.[9] Sunflower's motto is "Serious Food…Silly Prices." Sunflower offers produce, meat, fish, bulk foods and coffee, deli foods, natural bath and body care items, vitamins and supplements[5] and, in some locations, beer and wine.

Sunflower Farmers Market endeavors to keep prices low by keeping their overhead low, foregoing certain light fixtures and high rents.[10] Sunflower also buys big, purchasing almost everything by the pallet or truckload, and sourcing directly,[10][11] and paying vendors quickly. They don't charge vendors "slotting allowances" or shelf-space fees, and they negotiate on prices.[12]

Green Initiatives

  • As Sunflower grows, they continue to develop new stores with eco-friendly initiatives in mind, conserving building materials and using techniques that have a friendly impact on the planet.
  • Some Sunflower stores offer reserved parking spaces for alternative fuel vehicles, bathrooms equipped with waterless urinals, wind power, refurbished fixtures and a lighting program which is programmed to turn itself down as natural light flows through skylights.[12][13]
  • Sunflower offers over 275 foods in bulk, reducing the amount of plastic packaging used.
  • Sunflower encourages the use of re-usable grocery bags in place of paper or plastic bags.
  • Sunflower offers a 10 cent discount for every paper, plastic, or cloth bag a customer brings in to bag groceries.
  • Every Sunflower store collects and recycles plastic grocery bags.
  • Sunflower hosts in-store events benefiting environmentally active, not-for-profit organizations.
  • Sunflower uses recycled and refurbished equipment, cases and fixtures whenever possible.[14]
  • Sunflower reduces fuel consumption by coordinating trucking in-house, maximizing truck capacities, and ensuring proper tire pressure on all trucks.[13]

Awards and recognition

  • Tucson Weekly – Best of Tucson – Best Organic Food Store[15]
  • Albuquerque the Magazine – Best of the City – Best Grocery Store
  • International Council of Shopping Centers – 2010 Hot Retailers Award[16]
  • Best of Burque 2010 – Best Everyday Grocery Store (2nd Place); Best Produce Selection[17]
  • Best of Boulder 2010 – Honorable Mention for best Natural Foods Store[18]
  • Colorado Springs Independent – Best Natural Foods Store (2nd Place)[19]
  • Colorado Daily – CU & Boulder's Best 2010 – Best Grocery (runner up)[20]
  • Grocery Headquarters – Natural/Organic Supermarket Retailer of the Year[21]
  • Colorado Springs The Gazette – Best of the Springs 2010 – Best Farmers Market (Bronze Winner)[22]
  • ColoradoBiz 2010 CEO of the Year Award[3]
  • Boulder Chamber of Commerce 2010 Entrepreneur of Distinction Award[23]

References

  1. 1 2 3 "Chris Sherrell Named Acting Chief Executive Officer of Sunflower Farmers Markets, Following Resignation by Michael C. Gilliland as Chairman and CEO". February 12, 2011. Retrieved February 13, 2011.
  2. ↑ Gentry, Connie; Field, Katherine; Wilson, Marianne. "40 Under 40." 31 Dec. 2008. Chain Store Age. http://www.chainstoreage.com/article/forty-under-40-small-chains-flourish
  3. 1 2 Tarnowski, Joseph. "Sunflower Farmers Market to Open First Oklahoma Location," 18 April 2011. Progressive Grocer. http://www.progressivegrocer.com/top-stories/headlines/organic/id32540/sunflower-farmers-market-to-open-first-oklahoma-location/
  4. 1 2 Taylor, Mike. "CEO of the Year: Mike Gilliland." ColoradoBiz Magazine. 12 Dec. 2010. http://www.cobizmag.com/articles/ceo-of-the-year-mike-gilliland/
  5. 1 2 Fox Business News http://video.foxbusiness.com/
  6. ↑ Lammers, Lesley. "Sunflower Farmers Market to Expand in California." 20 Dec. 2010. Triple Pundit. http://www.triplepundit.com/2010/12/sunflower-farmers-market-expand-california/
  7. ↑ "Acting CEO Takes Helm at Sunflower Farmers Market." Chain Store Age. 9 May 2011. http://www.chainstoreage.com/article/acting-ceo-takes-helm-sunflower-farmers-market/
  8. ↑ "Sprouts acquires Sunflower Farmers Market". March 9, 2012. Retrieved June 19, 2012.
  9. ↑ Wild Man Still Challenging Whole Foods. CNN Money." 27 Dec. 2007. http://money.cnn.com/video/news/2007/12/27/bg.sunflower.cnnmoney.cnnmoney/
  10. 1 2 "Food for Thought." Chain Store Age. 3 Nov. 2010. http://www.chainstoreage.com/article/food-thought
  11. ↑ "Q & A with Mike Gilliland." 5 Jan. 2009. http://newhope360.com/qa-mike-gilliland
  12. 1 2 Sprot, Lindsey. "A Blooming Market." May 2010. Shopping Center Business. http://www.shoppingcenterbusiness.com/articles/MAY10/story28.shtml
  13. 1 2 Wild Man Still Challenging Whole Foods. CNN Money." 27 De. 2007. http://money.cnn.com/video/news/2007/12/27/bg.sunflower.cnnmoney.cnnmoney/
  14. ↑ Sport, Lindsey. "A Blooming Market." May 2010. Shopping Center Business. http://www.shoppingcenterbusiness.com/articles/MAY10/story28.shtml
  15. ↑ Tucson Weekly. Sep. 2010. http://www.sfmarkets.com/images/stories/inthenews/tucson_weekly_best_of_tucson__sunflower_farmers_market_best_organic_food_store_09-23-10.jpg
  16. ↑ "Sunflower Market wins 'Hot Retailers' award." 28 May 2010. New Mexico Business Weekly. http://www.bizjournals.com/albuquerque/stories/2010/05/24/daily44.html
  17. ↑ Best of Burque 2010. http://alibi.com/index.php?story=31374&scn=feature
  18. ↑ Boulder Weekly. http://www.boulderweekly.com/article-2446-best-of-boulder-2010-retail-(continued).html
  19. ↑ Colorado Springs Independent. 21 Oct. 2010. http://www.csindy.com/colorado/winners-index/Content?oid=1886142
  20. ↑ Colorado Daily. 31 March 2010. http://www.coloradodaily.com/ci_14792559#axzz19RwnD9Ti
  21. ↑ Grocery Headquarters. 1 June 2010. http://www.groceryheadquarters.com/articles/2010-06-01/Sunflower-Farmers-Market-Wins-Hot-Retailers-Award
  22. ↑ Gazette.com. http://www3.gazette.com/bestof/details/?id=220
  23. ↑ BoulderChamber.com. http://www.boulderchamber.com/page/53
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