- Grocery Outlet Bargain Market plans to close 36 underperforming stores across the U.S., accounting for approximately 6 percent of its total locations.
- The closures include around 24 stores on the East Coast, where the discount grocer acknowledged it expanded too quickly.
- CEO Jason Potter stated the move is a cost-cutting measure to correct rapid expansion and address changes in SNAP benefits affecting core customers.
- The decision follows disappointing fourth-quarter results, which saw the company report a net loss of over $218 million despite overall sales increasing.
- Despite the closures, Grocery Outlet still intends to open 30 to 33 new stores in fiscal 2026 as part of its optimization plan.
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