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Grocery Outlet history
Grocery Outlet company history timeline
In 1946 our founder Jim Read opened the doors to his first military surplus store.
In 1970, Cannery Sales acquired Globe of California and renamed it Canned Foods.
In 1971 Canned Foods signed its first agreement with a supplier, Del Monte Foods.
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 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.
In 2002, the company changed its corporate name to Grocery Outlet, Inc.
Grocery Outlet purchased 16 Yes!Less grocery stores in Texas and another in Shreveport, Louisiana from Dallas, Texas-based Fleming Cos. in January 2003.
The company promoted MacGregor Read and Eric Lindberg to co-CEO in 2006.
In 2009, Berkshire Partners became an investor in Grocery Outlet.
In 2011, Grocery Outlet acquired the Pennsylvania-based chain Amelia's Grocery Outlet.
In 2014, private equity fund Hellman & Friedman LLC agreed to partner with senior management and acquire Grocery Outlet from principal owner Berkshire Partners LLC.
In December 2018, the Board of Directors appointed Eric Lindberg to Chief Executive Officer and MacGregor Read to Vice Chairman.
In June 2019, Grocery Outlet went public, shares of Grocery Outlet’s common stock began trading on The Nasdaq Global Select Market on June 20, 2019, under the symbol “GO.”
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Grocery Outlet competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sprouts Farmers Market | 2002 | $7.7B | 35,000 | 880 |
| Ralphs | 1873 | $3.0B | 27,000 | 68 |
| The Fresh Market | 1982 | $1.8B | 13,000 | - |
| Willy Street Co-op | 1974 | $3.1M | 100 | 6 |
| Harris Teeter | 1960 | $4.5B | 35,000 | 1,123 |
| Lowes Foods | 1954 | $1.6B | 8,000 | 305 |
| Food Lion | 1957 | $20.0B | 88,001 | 1 |
| Hy-Vee | 1930 | $12.0B | 88,000 | 1,765 |
| Safeway | 1915 | $36.3B | 250,001 | 18 |
| Price Chopper Supermarkets-Market 32 | 1932 | $640.0M | 3,000 | 6 |
Grocery Outlet history FAQs
Zippia gives an in-depth look into the details of Grocery Outlet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Grocery Outlet. The employee data is based on information from people who have self-reported their past or current employments at Grocery Outlet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Grocery Outlet. The data presented on this page does not represent the view of Grocery Outlet and its employees or that of Zippia.
Grocery Outlet may also be known as or be related to Cannery Sales (1946–1970) Canned Foods (1970–1987), Grocery Outlet and Grocery Outlet Holding Corp.