Summary
Grocery Outlet plans to close 36 stores in 2026 because they are not making enough money. The company made this decision after expanding too fast and will focus on improving its business profits. They will also open 30 to 33 new stores next year.
Key Facts
- Grocery Outlet will close 36 stores in 2026 as part of a plan to improve its business performance.
- The company aims to shut down stores that aren't making enough money.
- The closures include plans to end or sublease store leases and a distribution center.
- Currently, Grocery Outlet has more than 560 stores in 16 states.
- Out of the 36 stores to be closed, 24 are located in the eastern U.S.
- Grocery Outlet will not leave any state and plans to open 30 to 33 new stores in 2026.
- In the last quarter of 2025, the company reported a loss of $218 million.
- Shares of the company have dropped over 43% in the past year.
