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September 2013Grocery Outlet Opens 200th Store

Family-led Discount Grocery Company Among Top-15 Fastest Growing Retail Chain 

Berkeley, California, September 20, 2013  —  Grocery Outlet (www.groceryoutlet.com), the largest "extreme-value" grocer in the U.S., is proud to announce the opening of their 200(th) store on September 21, 2013. The 200(th) store, located in Sacramento Pocket, California, marks a milestone for the third-generation, family-led company founded in 1946.

"We are thrilled to add our 200(th) store to the list of successful, locally owned and operated Grocery Outlet stores," said MacGregor Read, Co-CEO at Grocery Outlet and grandson of founder Jim Read. "This is a major accomplishment for our team and more importantly, supports our mission to help even more people save money on name brands they trust."

Grocery Outlet shoppers can expect to pay up to 50% less on brand name, quality foods and merchandise. In 2013 thus far, Grocery Outlet customers have saved more than $693 million collectively on their grocery bills. How do they do it? Grocery Outlet's prices are so low because they buy overstocks, package changes, test market and promotional products directly from manufacturers at deep discounts. The cost savings are passed along to their customers among their selection of quality products, including fresh produce, organic and specialty foods, dry groceries, frozen goods, beauty items and beer and wine.

Based in Berkeley, California, Grocery Outlet continues to experience tremendous growth by consistently offering customers the opportunity to achieve considerable savings on brand names and quality items. In fact, the company was recently rated among the top-15 fastest growing retail chains for 2013 by the National Retail Foundation's STORES magazine.

Like the 200(th) store, most Grocery Outlet stores are independently owned and operated, which means hundreds of entrepreneurs have found success by partnering with Grocery Outlet. The local Owner/Operators are encouraged to build a family-focused business and give back to their local communities.

About Grocery Outlet
Based in Berkeley, California, Grocery Outlet offers extreme bargains on brand name merchandise, with prices often up to 50% cheaper than conventional retailers. The largest "extreme-value" grocer in the U.S., Grocery Outlet has 200 locations in Arizona, California, Idaho, Nevada, Oregon & Washington. Grocery Outlet carries refrigerated and frozen foods, fresh meat and produce, organics, dry groceries, beer and wine, health and beauty care, fresh vitamins, household products, toys and gifts. A third-generation family-led company founded in 1946, Grocery Outlet's mission has always been to provide customers a fun place to find extreme values on name brands they trust. Most stores are independently owned and operated by locally-based families. For more information, please visit www.groceryoutlet.com

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Source: Grocery Outlet via PR Newswire
Title: Grocery Outlet Opens 200th Store
Date Published: September 20, 2013
Date Accessed: September 23, 2013

Company Details

Grocery Outlet
  • Emeryville, Californiagroceryoutlet.com
  • Year Invested2009
  • Year Realized2014
  • IndustryConsumer
  • TypesFamily Business, Management Recapitalization

View Details