Grocery Outlet opened its fifth Philadelphia store last week, bringing a “much-needed local grocery option to the area,” according to the company. The store, located on 1801 North American Street in North Philadelphia, will be run by independent operators Jess Loflin and Marie Cole.
Grocery Outlet’s strategy is to offer low prices by opportunistically buying excess inventory and seasonal closeouts from top manufacturers.
Foot traffic to Grocery Outlet “indicates just how receptive shoppers are to well-priced groceries – in Q3 2022, the chain saw 10.1% more visits and 11.8% more visitors than in Q3 2021,” according to a report released earlier in the year from Placer.ai. “Visits per venue were also elevated, with 4.3% more visits per venue in Q3 2022 than the same period in 2021.”
Grocery Outlet has over 440 locations in California, Idaho, New Jersey, Nevada, Oregon, Pennsylvania, Washington and Maryland.