Discount chain Grocery Outlet successfully acquired six vacant Fresh & Easy stores in California, according to bankruptcy documents.
The retailer bid on the stores last week, noting that the locations were a good fit for the brand. The stores are located in Orange, Rosemead, Long Beach, Downey, Whittier, and Sunnyvale, according to the Orange County Register.
Currently, Grocery Outlet’s footprint includes over 220 independently operated stores in California, Nevada, Oregon, Idaho, Washington, and Pennsylvania. The privately held company generates annual revenues exceeding $1.5 billion and employs approximately 1,000 people across the U.S.
In late October 2015, Fresh & Easy filed for bankruptcy again after it was unable to obtain financing and the liquidity necessary to continue to fund the business going forward. The company later began liquidating its assets with sales across the entire store, including dairy and other groceries.
The Orange County Register reports that it takes at least six months to remodel and select an owner/operator for each new store, depending on a site’s condition.
For more on Grocery Outlet’s expansion in California, stay tuned to DeliMarket News.
