We are a growth and value-oriented food and everyday staples retailer serving a diverse demographic of household and business customers through two complementary and highly productive store banners. Our Smart & Final stores focus on both household and business customers, and our Smart Foodservice Warehouse Stores focus primarily on foodservice customers. We have a differentiated merchandising strategy that emphasizes high-quality perishables, a wide selection of private label items, a broad range of product sizes including more than 3,000 club-sized items, and goods tailored to business and foodservice customers, all at "everyday low prices."
Our Smart & Final stores offer extensive selections of fresh perishables and everyday grocery items, together with a targeted selection of foodservice, packaging and janitorial supplies, under both national and private label brands and in sizes that appeal to both households and businesses. Pricing in our Smart & Final stores is targeted to be substantially lower than that of conventional grocers and competitive with large discount store operators and warehouse clubs, with no membership club requirement.
Within the Smart & Final banner, we operate both Extra! and legacy Smart & Final stores in California, Arizona and Nevada. In 2008, we launched a transformational initiative to convert our legacy Smart & Final stores to our Extra! format. With a larger 30,000 square foot store footprint and an expanded merchandise selection, our Extra! format offers a one-stop shopping experience with approximately 16,400 SKUs, 4,300 more SKUs than our legacy Smart & Final stores, with an emphasis on perishables and offering more household items. In 2018, we opened our 200th Extra! format store, the 10-year growth facilitated, in-part, by our acquisition of a dedicated perishables warehouse, and further supported by our continued investments in distribution capabilities and in-store merchandising.
Our Smart Foodservice Warehouse Stores in Washington, Oregon, Idaho, Nevada, Utah, Montana and Northern California focus primarily on restaurants, caterers, and a wide range of other foodservice businesses such as food trucks and coffee shops. We offer customers the opportunity to shop for their everyday foodservice needs in a convenient, no-frills warehouse shopping environment. The warehouse pricing on key foodservice items are targeted to be lower than that of our foodservice delivery competitors and competitive with warehouse clubs, with greater price transparency to customers, no minimum order size and no membership fee requirement. Our Smart FoodserviceWarehouse Stores offer customers great service, convenience, and a sense of community from a trusted brand.
We believe that our differentiated model as a one-stop shop for our household and business customers, as well as our unique product assortment of private label, club sizes and high-quality perishables at everyday low prices, enable us to offer a differentiated food shopping experience with broad appeal to a diverse customer demographic.
Operating Stores at Fourth Fiscal Quarter End (December 30, 2018)
|Smart & Final Banner Stores||Smart Foodservice Banner Stores||Total Company|
|Extra! format||Legacy format||Total|