Grocery Outlet recently opened its 450th store (in Las Vegas) while reaffirming its belief that as many as 4,000 can open in the U.S. CEO RJ Sheedy said on Grocery Outlet’s second quarter earnings call, “We are still in the early stages of our growth story.”
Often described as the T.J.Maxx of supermarkets, Grocery Outlet utilizes a unique opportunistic buying model that makes everyone happy: Manufacturers are able to move surplus inventory that would otherwise go to waste, and consumers get some screamin’ hot deals.
