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The Wall Street Journal reports that Smart & Final Stores Inc. has filed for an initial public offering (IPO) that it hopes will raise $100 million that it can use to repay debt and fund future growth.

The company, which "has 195 Smart & Final stores in California, Arizona and Nevada, targeting both consumers and business customers, and 52 Cash & Carry locations in Western states focused on businesses," sells groceries, cooking equipment and janitorial products, often in warehouse sizes. It does not, however, require shoppers to be members.

Smart & FInal says that growth will focus on its larger Smart Final Extra format, which it says generates "significant increases in comparable-store sales and gross margin."
KC's View:
I've always believed that Smart & Final is an intriguing format, and it'll be interesting to see if the money generated by an IPO goes to help the company move beyond the western territories it has generally kept to.