Wednesday, May 15, 2019

Grocery Outlet Sees Opportunity for 4,800 Stores

Winsight Grocery Business
Grocery Outlet hopes to lure investors with a compelling story of reliable growth and profitability—and a very big opportunity for future expansion.

The Emeryville, Calif.-based extreme discounter said it sees the potential to more than double its current 316-store base in states in which it currently operates, and could quadruple its store base to 1,600 locations by expanding to surrounding states.

“Our goal is to expand our store base by approximately 10% annually by penetrating existing and contiguous regions,” the prospectus read. “Over the long term, we believe the market potential exists to establish 4,800 locations nationally.”. . . more