Grocery Outlet announces leadership appointments for CFO and CPO
Paul Miller rejoins as Chief Purchasing and Merchandising Officer, and Ian Ferry is promoted to CFO, effective June 9.
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Discount supermarket chain
groceryoutlet.comLast updated
In short: Grocery Outlet experienced a turbulent period marked by 36 store closures, executive leadership changes, and several investor lawsuits.
Paul Miller rejoins as Chief Purchasing and Merchandising Officer, and Ian Ferry is promoted to CFO, effective June 9.
Net sales increased 3.6% to $1.17 billion, with comparable store sales declining 1.0% and net loss of $180.3 million.
Frances Allen and Felicia Thornton join the Board effective April 1, 2026, bringing extensive retail and grocery expertise.
Net sales rose 10.7% to $1.22B in Q4 and 7.3% to $4.69B for the year, but reported net losses and impairments. Announces Optimization Plan to close 36 stores.
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