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26-506: Ross Stores, Inc. , operating under the brand name Ross Dress for Less , is an American chain of discount department stores headquartered in Dublin, California . It is the largest off-price retailer in the U.S.; as of July 2024, Ross operates 1,795 stores in 43 U.S. states , Washington, D.C. and Guam , covering much of the country, but with no presence in New England , Alaska , and areas of

52-443: A chain of discount stores called Prange Way , and Atlanta-based Rich's owned discount stores called Richway . During the late 1970s and the 1980s, these chains typically were either shut down or sold to a larger competitor. Kmart and Target themselves are examples of adjuncts, although their growth prompted their respective parent companies to abandon their older concepts (the S. S. Kresge five and dime store disappeared, while

78-411: A regular superstore. The main national chains, both of which have operations outside the U.S., are Costco and Sam's Club . Major discount grocery store retail chains in the U.S. include Aldi , Lidl , Save-A-Lot and Grocery Outlet . Currently Aldi and Lidl are the largest discount retailers in the world operating more than 25,000 discount stores worldwide between them. Variety stores in

104-671: A residential and commercial real estate developer. Isackson built the company to six stores in the San Francisco Bay Area , located in San Bruno, Pacifica , Novato , Vacaville , Redwood City , and Castro Valley . In 1982 a group of investors, including Mervin Morris, founder of the Mervyn's chain of department stores, purchased the six Ross Department Stores, changed the format to off-price retail units, and within three years rapidly expanded

130-620: A supplier, Del Monte Foods . It later signed agreements with companies such as ConAgra , the Quaker Oats Company , and Revlon . Canned Foods opened its first independent store in Redmond, Oregon , in 1973. Following founder James Read's death in 1982, his sons Steven and Peter took over company management. In 1987, the company was renamed Grocery Outlet. Grocery Outlet's 100th store opened in 1995. In 2001, Grocery Outlet acquired all remaining liquidated inventories of Webvan following

156-605: Is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware. The vast majority of Grocery Outlet's stores are independently operated by local married couples. Each store has flexibility in its product offerings to serve local tastes and demand. The Read family founded

182-433: Is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress for Less , Marshalls , TJ Maxx , and Burlington . So-called category killer stores, specialize in one type of merchandise and sell it in big-box stores . Examples include: When membership is required, discount superstores are known as warehouse clubs , and often require purchases of larger sizes or quantities of goods than

208-523: The Dayton-Hudson Corporation eventually divested itself of its department store holdings and renamed itself Target Corporation). In the United States, discount stores had 42% of the overall retail market share in 1987; in 2010, they had 87%. Many of the major discounters now operate " supercenters ", which adds a full-service grocery store to the traditional format. The Meijer chain in

234-721: The Hudson's Bay Company started opening Saks Off 5th locations to sell off-price brands. American off-price chain Nordstrom Rack opened its first Canadian location in Vaughan Mills in 2018. Outside the United States and Canada, the main discount store chains listed by country are as follows: Major chains of discount supermarkets in Germany are Aldi , Lidl , Netto Marken-Discount , Netto (store) , Norma and Penny . Italy has numerous discount supermarkets, including Lidl and EuroSpin ,

260-600: The Midwest . The company also operates DD's Discounts , a discount department store chain with over 353 locations across the United States, most of which are located in Sun Belt states. Ross Department Store was first opened in San Bruno, California , in 1950 by Morris "Morrie" Ross. Morris would work 85 hours a week doing all of the buying and bookkeeping for his department store. In 1958 Ross sold his store to William Isackson to become

286-864: The Board of Directors appointed Eric Lindberg to Chief Executive Officer and MacGregor Read to Vice Chairman. In June 2019, Grocery Outlet went public and shares of Grocery Outlet's common stock began trading on Nasdaq Global Select Market on June 20, 2019, under the symbol "GO". In January 2023, RJ Sheedy, who already held the title of president, also assumed the role of CEO. Inventory comes primarily from overstocks and closeouts of name-brand groceries, as well as private-label groceries. Grocery Outlet buys mostly closeout or seasonal merchandise, so particular brand names change often. The company's stores also carry food staples such as fresh meat, dairy and bread. All products sold by Grocery Outlet are purchased directly from manufacturers, never from other retail stores. One of

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312-509: The Midwest consists entirely of supercenters, while Wal-Mart and Target have focused on the format as of the 1990s as a key to their continued growth. Although discount stores and department stores have different retailing goals and different markets, a recent development in retailing is the "discount department store", such as Sears Essentials , which is a combination of the Kmart and Sears formats, after

338-887: The Ninth Circuit awarded Albertsons an injunction against Grocery Outlet over its use of the Lucky brand name in a Rocklin, California , store. In 2009, the company added "Bargain Market" to its store branding. In 2011, Grocery Outlet acquired the Pennsylvania-based chain Amelia's Grocery Outlet. In 2009, Berkshire Partners became an investor in Grocery Outlet. In 2014, private equity fund Hellman & Friedman LLC agreed to partner with senior management and acquire Grocery Outlet from principal owner Berkshire Partners LLC. In December 2018,

364-401: The U.S. today, are most commonly known as dollar stores such as Dollar General , Family Dollar and Dollar Tree , which sell goods usually only at a single price-point or multiples thereof (£1, $ 2, etc.). During the early and mid-twentieth century they were commonly known as "five and dimes" or "dime stores". Stores of the main chains, Woolworth's , J. J. Newberry and S. S. Kresge , lined

390-555: The United States may be classified into different types: Discount superstores such as Walmart or Target sell general merchandise in a big-box store ; many have a full grocery selection and are thus hypermarkets , though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart , Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store"

416-634: The average supermarket or department store in the United States. There were hundreds of discount stores in operation, with their most successful period occurring during the mid-1960s in the U.S. with discount store chains such as Kmart , Ames , Two Guys , Gibson's Discount Center , E. J. Korvette , Mammoth Mart , Fisher's Big Wheel , Zayre , Bradlees , Caldor , Jamesway , Howard Brothers Discount Stores , Kuhn's-Big K (sold to Walmart in 1981), TG&Y and Woolco (closed in 1983, part sold to Wal-Mart) among others. Walmart , Kmart , and Target all opened their first locations in 1962. Kmart

442-495: The chain to 107 stores under Stuart Moldaw and Don Rowlett. By the end of 1995 the chain reached an annual sales of $ 1.4 billion with 292 stores in 18 states. By 2012 Ross reached $ 9.7 billion for the fiscal year with 1,091 stores in 33 states with an additional 108 for DD's Discounts in 8 states. Ross moved its headquarters from Newark, California , to Pleasanton, California , in the Tri-Valley area, in 2003. Barbara Rentler took

468-689: The chains with the largest number of stores, and Aldi , Discount Dial , Dpiù , MD Discount , Penny , Todis and Tuodì . Japan has numerous discount stores, including Costco , Daiso , Don Quijote (store) and The Price (owned by Ito Yokado ). Action , Euroland , Solow , Big Bazar and Zeeman . In addition, the German discount supermarkets Lidl and Aldi both operate in the country. Discount supermarkets cover about 30% of food sales in Poland. Main chains include Biedronka , Lidl , Netto , and Aldi . Grocery Outlet Grocery Outlet Holding Corp.

494-598: The companies' merger as Sears Holdings Corporation . Woolworths entered Canada in the 1920s, the stores were converted to the Foot Locker , Champs Sports and other stores in 1994. Kresge's , a competitor to Woolworth's entered the Canadian market in 1929. Zellers was founded in 1931, and was acquired by the Hudson's Bay Company in 1978. Giant Tiger opened its first store in Ottawa in 1961, modeled on Woolworths . Winners

520-589: The company in 1946. The formal name is Grocery Outlet Bargain Market. James Read founded the company on June 11, 1946, in San Francisco , California. He bought government surplus food products and sold them in previously vacant stores throughout San Francisco. He named his new company Cannery Sales. In 1970, Cannery Sales acquired Globe of California and renamed it Canned Foods. Canned Foods changed to selling closeout, factory second, and discounted products. In 1971 Canned Foods signed its first agreement with

546-719: The online grocery delivery service's bankruptcy. During the same year, Grocery Outlet acquired online retailer Wine.com 's remaining inventory following that retailer's bankruptcy. In 2002, the company changed its corporate name to Grocery Outlet, Inc. Grocery Outlet purchased 16 Yes!Less grocery stores in Texas and another in Shreveport, Louisiana , from Dallas , Texas-based Fleming Cos. in January 2003. All 17 stores were closed by May 2004. The company promoted MacGregor Read and Eric Lindberg to co-CEO in 2006. Prior to their appointment, Read

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572-440: The place of CEO Michael Balmuth on June 1, 2014; she was the 25th female CEO of a Fortune 500 company. Ross moved its headquarters from Pleasanton to neighboring Dublin, California , in 2014. On October 28, 2024, the board of directors appointed James Conroy as the new CEO, succeeding Barbara Rentler effective February 2, 2025. Conroy previously served as CEO of Boot Barn. Discount department store Discount stores in

598-447: The shopping streets of U.S. downtowns and suburbs, and starting in the 1950s they also opened branches in shopping malls. These chains originally sold items for 5, 10 or 25 cents, but many later moved to a model with flexible price points, with a variety of general merchandise at discounted prices, in formats smaller than today's discount superstores. During the period from the 1950s to the late 1980s, discount stores were more popular than

624-562: Was a venture of S. S. Kresge Company that was a major operator of dime stores . Other retail companies branched out into the discount store business around that time as adjuncts to their older store concepts. As examples, Woolworth opened a Woolco chain (also in 1962); Montgomery Ward opened Jefferson Ward ; Chicago-based Jewel-Osco launched Turn Style ; and Central Indiana-based L. S. Ayres created Ayr-Way . J. C. Penney opened discount stores called Treasure Island or The Treasury ; Sheboygan, Wisconsin based H. C. Prange Co. opened

650-943: Was founded in 1982 in Toronto, and sells off-price brand clothing. Costco entered Canada in 1986. In 1990, the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts. Dollarama was founded in Quebec in 1992. In 1998, Zellers bought out Kmart Canada, taking over its stores. In 2011, Marshalls , owned by the American TJX Companies , entered Canada, and Zellers sold most of its stores to Target . Target Canada filed for bankruptcy in 2015, selling its stores to Walmart , Lowe's and Canadian Tire . In 2016,

676-537: Was vice president of real estate and Lindberg vice president of purchasing for the company. They took over for Steven Read, who became executive chairman of Grocery Outlet. MacGregor Read is the son of Steven Read and Lindberg the son-in-law of Grocery Outlet Chairman Peter Read. MacGregor Read is the third generation of the Read family to serve as CEO of Grocery Outlet. In 2007, the United States Court of Appeals for

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