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Stock impact report

Pardon the Disruption: Do fast-growing grocers need to rein in their expansion plans? [Yahoo! Finance]

Grocery Outlet Holding Corp. (GO) 
Last grocery outlet holding corp. earnings: 3/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Pardon the Disruption is a column that looks at the forces shaping food retail. Two of the fastest-growing grocers have stumbled recently, raising questions about their ambitions to tear across the country and disrupt established players. Grocery Outlet, which over the past several years has opened a few dozen stores annually, announced earlier this month it's closing three dozen stores , most of which are newer locations on the East Coast. Jason Potter, who helped whip The Fresh Market into shape and is clearly trying to instill a similar sense of discipline as he helms Grocery Outlet, told investors that the discount grocer has gotten ahead of itself in recent years and needs to refocus on the fundamentals, like offering a fuller assortment of goods and a clearer value message. “It's clear now that we expanded too quickly, and these closures are a direct correction,” he said during the company's earnings call in March. Grocery Outlet's model has long focused on a “treasure Show less Read more
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