Grocery Outlet

Grocery Outlet Holding Corp. Closes Acquisition of United Grocery Outlet

Retrieved on: 
Tuesday, April 2, 2024
Acquisition, Grocery Outlet, UGO, Southeastern United States, United Grocery Outlet, Retail

EMERYVILLE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced the closing of the previously announced acquisition of United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

Key Points: 
  • EMERYVILLE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced the closing of the previously announced acquisition of United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.
  • With 40 stores and a distribution center, the acquisition of UGO expands Grocery Outlet’s presence into Tennessee, North Carolina, Georgia, Alabama, Kentucky and Virginia.
  • "We are pleased to complete this transaction and extend our footprint into the Southeast," said RJ Sheedy, President and Chief Executive Officer of Grocery Outlet.
  • We are excited to welcome the United Grocery Outlet team to the Grocery Outlet family and work together on the many growth opportunities ahead."

Concert Golf Partners Names Charles Bracher as Chief Financial Officer

Retrieved on: 
Thursday, March 14, 2024
HR, Napa Valley AVA, Goldman Sachs, EVP, CFO, Business, Accounting, Bracher, University, IPO, Grocery Outlet, Shiseido, Family

RUTHERFORD, Calif. and LAKE MARY, Fla. , March 14, 2024 /PRNewswire/ -- Concert Golf Partners has named Charles Bracher as its new Chief Financial Officer, where he will lead the Company's finance, technology, and human resources functions, as Concert Golf continues its growth trajectory.

Key Points: 
  • RUTHERFORD, Calif. and LAKE MARY, Fla. , March 14, 2024 /PRNewswire/ -- Concert Golf Partners has named Charles Bracher as its new Chief Financial Officer, where he will lead the Company's finance, technology, and human resources functions, as Concert Golf continues its growth trajectory.
  • Since 2012, he has served as EVP, Chief Financial Officer for Grocery Outlet Holding Corp., a $4 billion publicly traded discount grocery store chain where he oversaw all finance, accounting, investor relations, internal audit and risk management activities.
  • Now, after 25 years, we've truly come full circle, as we welcome Charles to the Concert Golf leadership team."
  • "I am thrilled to be joining Concert Golf Partners to help grow the business and support our mission of delivering great experiences to our private club members," said Bracher.

Market Force study reveals America's top grocers, and what feeds consumers choice of where to shop

Retrieved on: 
Tuesday, March 12, 2024
ALDI, NGA, Consumer, Amazon Fresh, Fry, Research, Club, Sam's Club, Grocery Outlet, Trader Joe's, Grocery store

Interestingly, "loyalty" to a grocery brand, doesn't necessarily translate to higher consumer proportional spending.

Key Points: 
  • Interestingly, "loyalty" to a grocery brand, doesn't necessarily translate to higher consumer proportional spending.
  • Trader Joe's, Wegman's, Publix, ALDI and Sam's Club all rank high in Market Force's loyalty index, but consumers using these brands spread their grocery dollars around.
  • Finally, in brand image terms, consumers give high marks to Trader Joe's, H-E-B, Grocery Outlet and Amazon Fresh.
  • To learn about the ranking study, visit with the Market Force team at the NGA show in Las Vegas, or call to set up a personalized tour through the results.

Grocery Outlet Holding Corp. To Acquire United Grocery Outlet

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Stout, Honigman LLP, Southeastern United States, Grocery Outlet, UGO, United Grocery Outlet, BofA Securities, Bass, GO, Environment, Retail

EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

Key Points: 
  • EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.
  • RJ Sheedy, President and Chief Executive Officer of Grocery Outlet, stated, "United Grocery Outlet is a natural fit given our similar opportunistic buying strategies, customer value propositions, and shared mission of serving our communities.
  • Together, we look forward to growing the positive impact on our community," said Lisa Bryson, CEO of United Grocery Outlet.
  • Stout acted as financial advisor and Bass, Berry & Sims PLC acted as legal advisor to Gen Cap and United Grocery Outlet.

Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call Date

Retrieved on: 
Tuesday, February 13, 2024
Grocery Outlet

EMERYVILLE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the fourth quarter and full fiscal 2023 year will be released after the market close on Tuesday, February 27, 2024.

Key Points: 
  • EMERYVILLE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the fourth quarter and full fiscal 2023 year will be released after the market close on Tuesday, February 27, 2024.
  • The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.
  • Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call.
  • A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com .

100GROUP SPREADS HOLIDAY CHEER THROUGH PHILANTHROPIC EFFORTS ACROSS MULTIPLE OFFICES

Retrieved on: 
Thursday, February 8, 2024
Clothing, Family, Moorpark Unified School District, Grocery Outlet

During the recent holiday season, 100GROUP's California and Michigan offices demonstrated exceptional philanthropic efforts within their communities.

Key Points: 
  • During the recent holiday season, 100GROUP's California and Michigan offices demonstrated exceptional philanthropic efforts within their communities.
  • In California, the Thanksgiving initiative, a tradition spanning four years, involved 100GROUP partnering with the Moorpark Unified School District to identify families in need.
  • A heartfelt thank you goes out to all team members across the various offices for their contributions and active participation in these philanthropic efforts.
  • Together, 100GROUP can continue spreading holiday cheer and creating lasting impacts on families.

Grocery Outlet Appoints Ramesh Chikkala to Newly Created EVP, Chief Operations Officer Role

Retrieved on: 
Thursday, January 25, 2024
Supply, Gap Inc., Information technology, Grocery Outlet, Food industry, Walmart, Food Lion, Senior advisor, Value chain, Better, Organization, Omnichannel, Teaching, EVP, SVP, Growth, Retail

EMERYVILLE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer, effective January 22, 2024.

Key Points: 
  • EMERYVILLE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer, effective January 22, 2024.
  • This strategic appointment marks a significant milestone as Grocery Outlet continues to scale its business and add additional supply chain and business technology experience to its organization.
  • In this newly created COO position, Mr. Chikkala will lead the Company's Supply Chain and Business Technology functions, reporting to RJ Sheedy, President and Chief Executive Officer.
  • "I am thrilled to join Grocery Outlet to help scale the business and deliver on the mission of Touching Lives for the Better."

BrewBilt Brewing Company Annual Update

Retrieved on: 
Wednesday, December 20, 2023
Growth, Grocery Outlet, GRASS

GRASS VALLEY, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Today BrewBilt Brewing Company (the "Company") (OTCPINK: BRBL) announces the annual update from CEO Bennett Buchanan.

Key Points: 
  • GRASS VALLEY, CA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Today BrewBilt Brewing Company (the "Company") (OTCPINK: BRBL) announces the annual update from CEO Bennett Buchanan.
  • Buchanan stated, “I am proud to announce the recent achievements and progress made by the Company.
  • On December 10, the Company opened its new taproom BrewBilt BrewHaus located in downtown Nevada City, CA.
  • Overall, the Company seems to be on a positive trajectory with successful business strategies, recognition, and notable financial growth.

Grocery Outlet Holding Corp. Announces CFO Transition and Reaffirms Fourth Quarter Outlook and Fiscal 2023 Guidance

Retrieved on: 
Monday, December 11, 2023
Annual report, RJ, Grocery Outlet, CFO, Interim management, Better, Interim, Growth, IPO, SVP, Management

Mr. Bracher will continue in his role through the expected filing of the Company’s annual report on Form 10-K for fiscal 2023.

Key Points: 
  • Mr. Bracher will continue in his role through the expected filing of the Company’s annual report on Form 10-K for fiscal 2023.
  • Mr. Bracher will work closely with Lindsay Gray, who currently serves as SVP, Accounting (Principal Accounting Officer), through his transition.
  • The Company today also reaffirmed its outlook for the fourth quarter and guidance for fiscal 2023, as provided on November 7, 2023.
  • The Company expects to release financial results for the fourth quarter and full fiscal year 2023 on Tuesday, February 27, 2024.

Grocery Outlet Enters Ninth State with Store Opening in Ohio

Retrieved on: 
Thursday, November 16, 2023
Grocery Outlet, Sengés, Partnership, Retail

EMERYVILLE, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, today announced its store opening in Boardman, Ohio, representing the Company’s presence in nine states.

Key Points: 
  • EMERYVILLE, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, today announced its store opening in Boardman, Ohio, representing the Company’s presence in nine states.
  • The store will share Independent Operators Eric and Sarah Senges with a second location in New Castle, Pa., only 17 miles apart.
  • Both Mr. and Mrs. Senges share a combined background of more than 30 years in retail, including previously operating a Grocery Outlet location in Lake Elsinore, Calf.
  • “We are thrilled to be expanding Grocery Outlet’s footprint and opening a store in Ohio,” said Grocery Outlet Chief Executive Officer and President, RJ Sheedy.