Bay Area

1526 readers

4 users here now

Discussion for all things Bay Area.

founded 2 years ago

MODERATORS

slaypuree@lemmy.world

Grocery Outlet to close dozens of ‘underperforming’ stores (www.sfchronicle.com)

submitted 3 weeks ago by zabadoh@ani.social to c/bayarea@lemmy.world

2 comments fedilink hide all child comments

Archive.ph

you are viewing a single comment's thread
view the rest of the comments

[–] diphthong@lemmy.world 3 points 3 weeks ago (1 children)

Grocery Outlet did not disclose which locations will be shuttered. The company, which has stores nationwide, also did not specify how many of the 36 stores are in California or the Bay Area.

[–] zabadoh@ani.social 2 points 3 weeks ago

It's true, that there are low odds of any of our local Bay Area GroceOuts closing, given tjat:

Grocery Dive, an industry publication, reported that 24 of the stores slated to close are on the East Coast, citing (Jason Potter, the company’s president and chief executive)’s remarks to investors.

and that:

The California-based chain ended the fourth quarter with 570 stores across 16 states, according to its earnings release.

But massive losses isn't sustainable for business, unless you're Amazon.

The company reported an increase in net sales, but an operating loss of $234.8 million and a net loss of $218.2 million in the fourth quarter of 2025.