Grocery Outlet
"Bargains on Brands you Trust!"
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Formerly called
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Cannery Sales (1946–1970) Canned Foods (1970–1987) |
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| Private | |
| Industry | Retail / Grocery |
| Founded | June 11, 1946 San Francisco, California, U.S. |
| Founder | James Read |
| Headquarters | Emeryville, California, U.S. |
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Number of locations
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265 |
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Key people
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Eric Lindberg & MacGregor Read, Co-CEOs |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, produce, snacks, beer & wine |
| Website | groceryoutlet |
Grocery Outlet, supermarket chain previously known as Canned Foods Grocery Outlet, is owned by private equity firm and operated by the founding Read family. It focuses on discount overstocked and closeout products from name brand and private label suppliers. James Read founded the company on June 11, 1946 in San Francisco, California. Grocery Outlet operates in California, Oregon, Washington, Idaho, Nevada and Pennsylvania. Its co-CEOs are Eric Lindberg and MacGregor Read.
The majority of Grocery Outlet’s stores are independently operated by locally based married couples. Each store also has flexibility in its product offerings to better serve local tastes and demand.
On June 11, 1946, James Read bought government surplus food products and sold them in vacant stores throughout San Francisco. He named his new company Cannery Sales.
In 1970, Cannery Sales acquired Globe of California and renamed it Canned Foods. Canned Foods changed to selling closeout, factory second, and discounted products.
In 1971, Canned Foods signed its first supplier agreement, an agreement with Del Monte Foods. It later signed agreements with companies such as ConAgra, the Quaker Oats Company, and Revlon. Canned Foods opened its first independent store in Redmond, Oregon in 1973.
Following founder James Read's death in 1982, his sons Steven and Peter Read took over company management. In 1987, the company was renamed Grocery Outlet. Grocery Outlet’s 100th store opened in 1995.
In 2001, Grocery Outlet acquired all remaining liquidated inventories of Webvan following the online grocery delivery service’s bankruptcy. During the same year, Grocery Outlet acquired online retailer Wine.com’s remaining inventory following that retailer’s bankruptcy. In 2002, the company changed its corporate name to Grocery Outlet, Inc.
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