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Grocery Outlet estimates saving customers $2.8B in 2023
Chain’s second annual Impact Report cites community, environmental efforts
Mark Hamstra
August 15, 2024
1 Min Read
Up to 722 million pounds of food waste was avoided through the company’s procurement practices.Grocery Outlet
Grocery Outlet on Thursday released its second annual Impact Report, which focuses on the value it provides to its shoppers and the benefits it brings to its communities and to its independent operators (IOs).
“We firmly believe that our success is intertwined with the well-being of our IOs, employees, communities, and customers,” said R.J. Sheedy, president and CEO, in an introductory letter in the report.
Grocery Outlet, which often buys overstocked and discontinued items at a deep discount, said its procurement model is one of the key ways it provides savings to customers and thus improves food access to groceries. It estimated that last year it passed on about $2.8 billion in savings to customers last year
The company said its environmental, social, and governance (ESG) mission revolves around its “Touching Lives for the Better” commitment.
Among the highlights of the report:
Grocery Outlet donated more than $3.9 million through its annual Independence from Hunger initiative, which supports local food pantries with food and funding
55% of employees at the director level or above are women or racial/ethnic minorities; 44% of IOs are women and 36% are people of color
Up to 722 million pounds of food waste was avoided through the company’s procurement practices
The report also highlighted the retailer’s efforts to reduce its carbon footprint and improve energy efficiency by implementing energy-saving measures in its stores. All of the stores use an energy management system to gain control and visibility of energy use. Highlights of the energy-management initiatives include:
98% of stores use timed lighting and heating management systems to reduce energy consumption
33% of stores use cloud-based refrigeration analytics to reduce energy use and refrigerant leak rates
71% of third-party carriers are SmartWay certified
Grocery Outlet eliminated printed circulars in 2023
