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Grocery Outlet information


Grocery Outlet Holding Corp.
Trade name
Grocery Outlet Bargain Market
FormerlyCannery Sales (1946–1970)
Canned Foods (1970–1987)
Company typePublic
Traded as
  • Nasdaq: GO
  • S&P 400 component
IndustryDiscount retail / Grocery
FoundedJune 11, 1946; 77 years ago (June 11, 1946), in San Francisco, California, U.S.
FounderJames Read
HeadquartersEmeryville, California, U.S.
Number of locations
457 (Aug 2023)
Key people
Eric Lindberg (CEO)
MacGregor Read (vice chairman)[1]
ProductsBakery, dairy, deli meats, frozen foods, general grocery, meat, produce, snacks, beer & wine
ServicesDiscount retail
Supermarket
RevenueUS$ 3.135 billion (2021)
OwnerRead family (55% via Read Enterprises, Inc.)
Number of employees
946 (2020)
ParentBerkshire Partners (2009–2014)
Hellman & Friedman LLC (2014–2019)
Websitegroceryoutlet.com

Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer deeply discounted, overstocked, and closeout products from name-brand and private-label suppliers.[2][3][4][5][6] The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.[2][7][8]

The majority of Grocery Outlet's stores are independently operated by locally based, married couples.[4][5][6][9] Each store has flexibility in its product offerings to serve local tastes and demand.[9][10] The Read family founded the company in 1946. The formal name is Grocery Outlet Bargain Market.[1]

  1. ^ a b "Grocery Outlet Bargain Marketin Announces MacGregor Read as Vice Chair, Eric Lindberg as CEO". BusinessWire. December 26, 2018. Retrieved February 5, 2019.
  2. ^ a b Tanya Mannes (July 11, 2012). "Grocery Outlet opens new San Diego store". UT San Diego. Archived from the original on April 2, 2015. Retrieved September 24, 2013.
  3. ^ Carolyn Said (June 20, 2010). "Grocery Outlet cashing in on new frugality with expansion". San Francisco Chronicle.
  4. ^ a b Robert Goldfield (June 1, 2003). "Grocery Outlet hits spot with budget shoppers". Portland Business Journal. Retrieved September 24, 2013.
  5. ^ a b Brian Wilkinson (April 24, 2013). "Sierra Lanes to be converted to Grocery Outlet". Sierra Star. Archived from the original on September 27, 2013. Retrieved September 24, 2013.
  6. ^ a b John Hollis (Nov 1, 2013). "New owners grow with Grocery Outlet". Appeal Democrat. Retrieved April 29, 2015.
  7. ^ Clay Moffitt (April 6, 2012). "Grocery Outlet building new Fresno store". The Business Journal Now. Archived from the original on 2013-09-28. Retrieved September 24, 2013.
  8. ^ Tim McLaughlin (October 13, 2009). "Berkshire invests in W. Coast grocery chain". Boston Business Journal. Retrieved September 24, 2013.
  9. ^ a b Carolyn Said (June 20, 2010). "Grocery Outlet eyes expansion in lean times". SFGate. Retrieved September 24, 2013.
  10. ^ Robert Rogers (May 23, 2013). "New Grocery Outlet set to open doors in Richmond, where grocers have been scarce". Contra Costa Times. Retrieved September 24, 2013.

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