Grocery Outlet to close 36 stores
king5.com • • business
Key Points:
- Grocery Outlet announced it will close 36 underperforming stores during fiscal 2026, with 24 closures occurring in the eastern United States, representing about 30% of that region's locations.
- The company’s CEO, Jason Potter, acknowledged the fourth-quarter results were "unacceptable" and attributed the closures to overexpansion in the east, though the company is not exiting any states entirely.
- In 2025, Grocery Outlet opened 42 new stores and closed five, ending the year with 570 stores across 16 states primarily on the West Coast and in New England.
- The retailer plans to refresh 150 stores in 2026 as part of efforts to improve performance and regain customer and investor confidence.
