^ "RetailWire Discussion: FD Buyer: Grocery Outlet Grows".^ "Report: Albertsons gets Lucky in appeals court decision".^ a b c d e "Grocery Outlet Names New Co-CEOs Preps for Aggressive Growth"."Grocery Outlet Extends Reach To Texas With Yes!Less Buy All". "Grocery Outlet buys 's inventory for $4M". : Cite journal requires |journal= ( help) ^ "Grocery Outlet Buys Inventory From Webvan".^ a b Greg Stiles (September 3, 2003)."Berkeley-based Grocery Outlet expands as shoppers turn frugal". ^ a b c d e f g Eve Mitchell (February 5, 2010)."New Grocery Outlet set to open doors in Richmond, where grocers have been scarce". "Grocery Outlet eyes expansion in lean times". "Grocery Outlet building new Fresno store". ^ a b c d e f g h i John Hollis (Nov 1, 2013)."Sierra Lanes to be converted to Grocery Outlet". ^ a b c Brian Wilkinson (April 24, 2013)."Grocery Outlet hits spot with budget shoppers". ^ a b c d e f Robert Goldfield (June 1, 2003)."Grocery Outlet cashing in on new frugality with expansion". ^ a b c d Carolyn Said (June 20, 2010)."Grocery Outlet opens new San Diego store". ^ a b c d e f Tanya Mannes (July 11, 2012).^ a b c "Grocery Outlet Bargain Marketin Announces MacGregor Read as Vice Chair, Eric Lindberg as CEO".Mainly because of this section, Grocery Outlet has attracted followers who want to buy ethical items (often vegan and/or plant-based) on a budget. One of the most popular sections in Grocery Outlet is labeled NOSH (natural, organic, specialty and healthy). All products sold by Grocery Outlet are purchased directly from manufacturers, never from other retail stores. The company's stores also carry food staples such as fresh meat, dairy and bread. Grocery Outlet buys mostly closeout or seasonal merchandise, so particular brand names change often. Inventory comes primarily from overstocks and closeouts of name-brand groceries, as well as private-label groceries. In June 2019, Grocery Outlet went public, shares of Grocery Outlet's common stock began trading on Nasdaq Global Select Market on June 20, 2019, under the symbol “GO.” Products In December 2018, the Board of Directors appointed Eric Lindberg to Chief Executive Officer and MacGregor Read to Vice Chairman. In 2014, private equity fund Hellman & Friedman LLC agreed to partner with senior management and acquire Grocery Outlet from principal owner Berkshire Partners LLC. In 2009, Berkshire Partners became an investor in Grocery Outlet. In 2011, Grocery Outlet acquired the Pennsylvania-based chain Amelia's Grocery Outlet. In 2009, the company added "Bargain Market" to its store branding. In 2007, the United States Court of Appeals for the Ninth Circuit awarded Albertsons an injunction against Grocery Outlet over its use of the Lucky brand name in a Rocklin, California, store. MacGregor Read is the third generation of the Read family to serve as CEO of Grocery Outlet. MacGregor Read is the son of Steven Read and Lindberg the son-in-law of Grocery Outlet Chairman Peter Read.
They took over for Steven Read, who became executive chairman of Grocery Outlet. Prior to their appointment, Read was vice president of real estate and Lindberg vice president of purchasing for the company. The company promoted MacGregor Read and Eric Lindberg to co-CEO in 2006. Grocery Outlet purchased 16 Yes!Less grocery stores in Texas and another in Shreveport, Louisiana, from Dallas, Texas-based Fleming Cos.
In 2002, the company changed its corporate name to Grocery Outlet, Inc. During the same year, Grocery Outlet acquired online retailer 's remaining inventory following that retailer's bankruptcy. In 2001, Grocery Outlet acquired all remaining liquidated inventories of Webvan following the online grocery delivery service's bankruptcy. Grocery Outlet's 100th store opened in 1995. In 1987, the company was renamed Grocery Outlet. įollowing founder James Read's death in 1982, his sons Steven and Peter took over company management. Canned Foods opened its first independent store in Redmond, Oregon, in 1973. It later signed agreements with companies such as ConAgra, the Quaker Oats Company, and Revlon. In 1971 Canned Foods signed its first agreement with a supplier, Del Monte Foods. Canned Foods changed to selling closeout, factory second, and discounted products.
In 1970, Cannery Sales acquired Globe of California and renamed it Canned Foods. He bought government surplus food products and sold them in previously vacant stores throughout San Francisco. James Read founded the company on June 11, 1946, in San Francisco, California. A location in Tanasbourne, Oregon, operated by John and Linda McGinty
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