MacGregor Learn, vice chairman at Grocery Outlet Holding Corp. and a former co-CEO, has retired from the corporate.
Emeryville, Calif.-based Grocery Outlet stated Learn stepped down as vice chairman efficient Sept. 1. He has been with the fast-growing worth grocery chain since beginning there as an intern almost 30 years in the past.
“I need to thank Eric and your complete Grocery Outlet household for the most effective three many years of my life,” Learn stated in a press release. “Whereas I step away and luxuriate in this subsequent chapter, I look ahead to watching the continued success of Grocery Outlet. I’ve the utmost confidence within the management group, our distinctive mannequin and unbiased operators who carry our treasure hunt buying expertise to clients throughout the nation every day.”
After becoming a member of Grocery Outlet in 1993, Learn (pictured left) served in a variety of roles throughout such areas as buying, retail merchandising, and actual property and development. He turned co-CEO in 2006 with cousin and present Grocery Outlet CEO Eric Lindberg and held that publish by the top of 2018, when he shifted to the chief vice chairman function. He was named nonexecutive vice chairman in January 2020. Erik Ragatz has served as chairman since October 2014.
Grocery Outlet famous that, below Learn’s tenure, the corporate generated vital gross sales progress and ramped up its retailer base, increasing the grocery store’s nationwide footprint. As of the top of its fiscal 2022 second quarter, Grocery Outlet operated 425 shops in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, New Jersey and Maryland. The corporate tallied fiscal 2021 gross sales of almost $3.1 billion.
“After 16 years of service on our board and almost 30 years as a part of the Grocery Outlet group, the influence MacGregor has had on the trajectory and success of our enterprise is unmatched,” Lindberg said. “MacGregor has been a steadfast and strategic associate to me and the remainder of the management group, serving to construct and solidify probably the most distinctive facets of our enterprise mannequin – how we purchase and the way we promote.”
Describing itself as an “excessive worth” retailer, Grocery Outlet touts huge reductions on brand-name merchandise and has stated a typical shopper basket is priced 40% to 70% lower than that of standard grocers. Shops are run by unbiased owner-operators from the communities they serve, permitting places to cater carefully to altering buyer preferences. Shopper financial savings is achieved by a sourcing mannequin of procuring surplus stock and product overruns instantly from 1000’s of provider companions. That features a altering assortment of merchandise with “WOW!” costs, fostering “treasure hunt” buying.
Extra lately, Grocery Outlet entered the e-commerce area by partnerships with third-party on-line grocery suppliers Instacart, Uber Eats and DoorDash.
