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Grocery Outlet Holding Corp. Announces Chief Purchasing Officer Retirement

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EMERYVILLE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Gr...

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AI Summary

Steve Wilson retires as EVP, effective March 20, 2026. Matt Delly appointed Chief Merchandising and Purchasing Officer. Integration aims to boost efficiency and strengthen performance. Focus on leveraging strong buying team and merchandising capabilities. Grocery Outlet operates over 560 stores across multiple states.

Sentiment Rationale

The leadership transition is intended to enhance operational efficiency, historically improving stock performance.

Trading Thesis

Long-term efficiency gains can positively influence earnings and stock price over time.

Market-Moving

  • Steve Wilson retires as EVP, effective March 20, 2026.
  • Matt Delly appointed Chief Merchandising and Purchasing Officer.
  • Integration aims to boost efficiency and strengthen performance.

Key Facts

  • Steve Wilson retires as EVP, effective March 20, 2026.
  • Matt Delly appointed Chief Merchandising and Purchasing Officer.
  • Integration aims to boost efficiency and strengthen performance.
  • Focus on leveraging strong buying team and merchandising capabilities.
  • Grocery Outlet operates over 560 stores across multiple states.

Companies Mentioned

  • COST (COST)
  • WMT (WMT)
  • KR (KR)

Corporate Developments

Effective leadership transition can stabilize and potentially enhance investor confidence in GO.

Grocery Outlet Holding Corp. Announces Key Leadership Transition

EMERYVILLE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. (NASDAQ: GO) has announced that Steve Wilson, its Executive Vice President and Chief Purchasing Officer, will retire on March 20, 2026, after an impressive tenure of 31 years. In a strategic move, Matt Delly, who joined the company as Chief Merchandising Officer last year, will take over as Chief Merchandising and Purchasing Officer. This leadership shift is intended to streamline the Company’s operations and enhance overall efficiency amidst its growth strategy.

Transition Overview

Under Matt Delly’s leadership, the integration of the purchasing and merchandising functions is expected to bolster Grocery Outlet’s operational effectiveness. By aligning these two critical areas, the Company aims to enhance its market execution capabilities.

Leadership Insights

Jason Potter, President and CEO of Grocery Outlet, expressed gratitude for Steve Wilson's contributions, stating, “Steve has been instrumental in shaping Grocery Outlet’s product and purchasing strategy and customer value proposition. We’re deeply grateful for his leadership over the past three decades.”

Potter highlighted Wilson's role in building a skilled buying team that has established vital supplier relationships essential to Grocery Outlet’s unique business model. He further acknowledged Wilson’s commitment to ensuring a smooth transition during the upcoming months.

Looking Ahead with Matt Delly

As the new Chief Merchandising and Purchasing Officer, Matt Delly is expected to leverage his merchandising expertise to enhance operational efficiencies. “Combining our strong buying team with new merchandising capabilities will advance our ongoing efforts to become a great selling organization,” Potter noted.

Potter also emphasized Delly’s quick rise as an exceptional leader since his arrival, noting, “With strategic rigor and operational discipline, Matt will not only improve efficiency today but also expand our runway for tomorrow.”

About Grocery Outlet Holding Corp.

Founded in Emeryville, California, Grocery Outlet operates as a high-growth, extreme value retailer offering quality, name-brand consumables and fresh products through a network of independently operated stores. The Company currently operates over 560 stores across a diverse range of states, including California, Washington, Oregon, Pennsylvania, and more.

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