Grocery Outlet hopes to lure investors with a compelling story of reliable growth and profitability—and a very big opportunity for future expansion. In a stock registration statement filed with the U.S. Securities and Exchange Commission this week in advance of a planned initial public offering, the Emeryville, Calif.-based extreme discounter [...]
If you are fortunate to live near one of the 300 Grocery Outlets in California, Idaho, Nevada, Oregon, Pennsylvania or Washington State, you are used to seeing national brands selling for 40% to 70% less. A four-pack of Evian 1.25-liter bottled water typically sells for $9.99; at Grocery Outlet you [...]
You don’t hear any complaints about food deserts in the parking lots of Grocery Outlet stores. Originally a reseller of surplus military rations, Grocery Outlet is currently a chain of 270 privately owned supermarkets in five western states plus Pennsylvania. Founded by James Read in 1946 as Cannery Sales, and [...]
Southern California’s supermarket industry is notoriously competitive, a reality that has prompted some newcomers to pare back their operations and others to pull out of the region completely. Haggen’s botched entry into the region ultimately resulted in the company leaving California, and Fresh & Easy filed for bankruptcy twice before [...]
Grocery Outlet wants to be the “TJ Maxx of grocery stores.” The Los Angeles-based regional chain has 251 locations and plans to expand to 376 by 2020, according to a recent profile inFrozen & Refrigerated Buyer magazine that was cited byRetailWire. It is on track to gross $2 billion in [...]
A bankruptcy court in Delaware Monday approved bids by discount chain Grocery Outlet for six shuttered California stores previously operated by the now-bankrupt Fresh & Easy, Grocery Outlet confirmed. Sales of the stores, including one at 1803 E. Chapman Ave. in Orange, are expected to be finalized by the end [...]