Episode Details
Back to EpisodesGrocery Outlet Closes 36 Stores, Focuses on Expansion
Description
Grocery Outlet, the discount grocery chain, is closing thirty-six stores due to rapid expansion. The company, which operates over five hundred locations, announced the closures during their earnings call. The move comes after opening forty-two new stores in 2025 while closing only five. The retailer plans to remodel one hundred fifty locations and open thirty to thirty-three new stores in 2026 using a more careful approach. They will also invest twenty million dollars in promotions for fresh items to attract customers. Despite the closures, the company expects a two percent revenue rise overall.
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