The TJMaxx of supermarkets is going public
By Nathaniel Meyersohn, CNN Business
The US economy is strong, yet discount retailers are booming. That’s why “extreme value” supermarket chain Grocery Outlet believes its the perfect time to hit the public market.
The 73-year-old discount supermarket has grown to more than 300 stores in the United States, most of them on the West Coast. It hopes to raise $100 million through an IPO, the company said in a filing Monday.
Unlike many of the companies that went public this year, Grocery Outlet is profitable. It has posted 15 straight years of sales growth at stores open at least a year and reached $2.3 billion in revenue a year ago. And it doesn’t even sell online.
Grocery Outlet’s success is yet another sign of the strength in the discount sectors of the grocery and retail industries.
“Consumers’ search for value is the new normal in retail,” Grocery Outlet said in its filing. “The success of off-price retailers represents a secular consumer shift.”
Despite a stronger economy in recent years, Americans across age groups and income levels are looking for bargains. Eighty-nine percent of all US consumers — and 90% of shoppers who make more than $100,000 a year — say they shop at discount retailers, according to a survey last year by the industry trade group National Retail Federation.
Other retailers have also recently capitalized on shoppers’ hunt for deals.
Dollar General, Ollie’s Bargain Outlet, TJX, Ross, Burlington and Five Below opened up thousands of stores last year, while German discount grocery chains Aldi and Lidl are on a major growth spurt in the United States. Aldi plans to become the nation’s third-largest grocer by store count, behind Walmart and Kroger.
Grocery Outlet’s business model is a lot like TJMaxx, Ross and Ollie’s Bargain Outlet .
Like those rapidly growing discount retailers, Grocery Outlet buys brand name products directly from suppliers for cheap. It sells groceries, produce, refrigerated and frozen foods, alcohol, meat and seafood and health and beauty care items at its small, 15,000 square-foot stores for around 40% less than conventional grocers.
The company relies on an “opportunistic buying” strategy to acquire products from its 1,500 suppliers, many of whom are the country’s top consumer products’ companies.
When a grocery, convenience or drug store cancels an order from manufacturers, a manufacturer produces too much of an item, or a supplier changes product packaging, Grocery Outlet’s buyers step in to scoop up the extra inventory.
Grocery Outlet stores stock a limited supply of items, but the chain changes up products on shelves frequently to create a TJMaxx-like “fun, treasure hunt shopping experience.” The company believes that constantly changing its merchandise creates a “buy now’ sense of urgency” and compels customers to return to stores.
Grocery Outlet is going public to help fund its growth plans.
The company plans to open more than 30 stores in 2019. In the long run, it says it can open 400 more stores in its existing states — California, Idaho, Nevada, Oregon, Washington and Pennsylvania — and another 1,600 stores in neighboring states.
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4 Family-Friendly Europe Cruises to Consider
Family vacations can be tricky to plan. You may wonder, “Where should we go on a cruise this year? Will the kids like it? Will there be free time to explore for the parents, with some free time away?” But a cruise vacation can easily solve the question of where to go and whether to bring the kids. Simply put, cruises are welcome vacations for every member of the family. And if you’re searching for ways to combine history, culture, and fun, look no further than a family cruise vacation to Europe .
One of the best ways to choose your upcoming cruise destination is to figure out which countries offer a cultural welcome to families. This usually means there will be activities for people of all ages, and kids will feel included with many activities they would not normally be able to enjoy. When kids are welcome everywhere, the world is their playground and they will also be safer than in other places that do not involve kids in daily life quite as much.
Vacations need to have a sense of adventure, especially for kids. When kids feel like they are going exploring, their excitement to travel knows no bounds. Everyone remembers that boring trip I went on with my family. If you want to be sure that your kids will be gushing about your trip for years to come, then consulting them about the places they dream of traveling is one of the best ways to ensure that your family cruise is out of this world. Here are four of the best destinations for a family cruise vacation to Europe.
1. Spain Cruises Spain is probably the best place in Europe, if not the whole world, to bring kids on vacation. A culture that celebrates children and allows them into every aspect of life is a welcome change from all the other types of cultures in which children should be seen and not heard. The staggering beauty and variety of Spain help to make this country one of Europe’s most-visited. The fact that Spanish society often caters to children in ways most places don’t means that Spain should be at the top of your list when considering a family cruise.
The bustling capital of Madrid is only a short distance from the medieval majesty of Toledo, while the beaches of Barcelona, Malaga, and Valencia are just a high-speed train ride away. Not only will you be spoiled for choice as far as cruise excursions are concerned, but your children will also be welcome everywhere you go.
2. Ireland Cruises If warm weather isn’t really your thing, but long afternoons spent inside a cafe cozily reading books and sitting by a fire are the kinds of activities your family enjoys, then Ireland’s hundred thousand welcomes are definitely the choice for you. Utterly, vibrantly green and surrounded by some of the most ancient historical sites in Europe, Ireland is also great for exploring, particularly for those who do better in a cooler climate. Additionally, if you’re English speakers, then Ireland will be one of the easiest nations in Europe to navigate.
The real draw here is, of course, the Irish people, who are funny and charming, offering you one of the warmest welcomes in all of Europe. A plunge into the cool water of Dun Laoghaire at the Forty-Foot, made famous by James Joyce, or a wander through the safari park south of Cork, are just a couple of the activities available for families to look forward to on a cruise to the Emerald Isle.
3. Greece Cruises For a lovely beach vacation in the sun-dappled blue-and-white buildings clinging to the sides of cliffs, cruising to Greece will take your breath away. It’s also the perfect place for a beach getaway, given the sheer number of beaches among the nearly-countless Greek islands. For those who are interested in Greek mythology – and what kid didn’t go through a myth and monsters phase – Greece is the ultimate place to visit for younger folks who love antiquity and mythology.
Parents will find something to enjoy, from long, relaxing meals at restaurants overlooking the sea to some of the world’s most delicious wines. From the lost city of Atlantis on Santorini to the silhouette of the Parthenon in the Athenian summer moonlight, a cruise among the Greek islands is a great choice for adventurers both young and old.
4. Italy Cruises Venice is a city of dreams. This city is one of the only places in the world that matches exactly the image people have in their minds. It’s an excellent choice for a family cruise, particularly during Carnevale , which is like Halloween every day. Italy, in general, is absolutely drenched in culture and history, not to mention its incredibly delicious food. Good news for picky eaters – a lot of kids will only eat pizza and spaghetti, so you’re in the perfect place for both options!
From the mystery of Venice to the capital city of Rome to the beaches of the south, Italy stays in the heart. It’s also a family cruise that everyone will remember.
Europe is family-friendly overall, since many cultures there are child-focused. It’s also far safer than many American destinations. Crime in Europe is relatively low.
The best part of a trip to the continent is how easy it is to country-hop. That makes Europe not only an ideal place for a family cruise, but Norwegian in particular an ideal way option. There are countless family-oriented activities onboard, and since you’ll be visiting some of the most family-friendly regions of the world, you’ll feel like celebrities on your journey to the greatest tourist locations since antiquity.
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More About: Europe Family Travel Tips Related posts 4 Tips for Sharing a Cruise Cabin with Friends & Family Cruise Shore Excursions for Every Type of Traveller: European Activities Eating Healthy on a Europe Cruise 7-Day Western Mediterranean from Rome (Civitavecchia) 7-Day Greek Isles from Venice 7-Day Greek Isles from Venice
Much ado about nothing. Absolutely nothing. She’s just turning 30, after almost10 years of marriage, 3 babies, one recently, and 40-50 pounds of baby fat. She merely wanted to feel pretty as a woman. Just wanted to know she still had it as far as attractiveness. She didn’t want an affair. No random nastiness. She gives off a strong ” I take care of my man ” vibe. She just wanted a few compliments. I understood her perfectly. Nothing salacious about it. She overshared with Jada Pinkett-Smith. Should have been a private conversation. Jada experienced similar feelings in her relationship with Will Smith. She understands. Being the lesser light or celeb in a relationship can be very difficult. The beautiful girlfriend of the high school football star feels a bit insecure at times. She gets less attention in his shadow. No big deal. A lot of gratuitous criticism of Ayesha because she put herself out there as a model Christian wife and mother. She Implied young women exposed too much flesh in their dress. Said her goodies were for her husband’s eyes only. She’s also married to a handsome athletic multimillionaire. There was some valid criticism, but also some petty jealousy in my opinion. A little joy at taking Ayesha down a few pegs. Wish I had a wife like Ayesha and her mother-in-law. The total package of beauty, brains, and morality. They are exceptions to the rule if they are authentic. Some people find Ayesha inauthentic. But Steph seems to think she’s the real deal. Ultimately, he is the only one that matters.
Nikita Dragun Attempts To Defend James Charles With Text Screenshots & It Totally Backfires
The tea just keeps on spilling… or does it?
Nikita Dragun attempted to come to James Charles ‘ defense Monday evening by sharing screenshots of text messages between the two via Twitter , but fans are absolutely tearing her tweets to shreds.
Related: Kylie Jenner, Kim Kardashian, & More Celebs Unfollow James Charles
ICYMI, the 19-year-old has lost over 3 million followers — from 16.5 million subscribers down to 13.5 million — since Tati Westbrook posted an EXPLOSIVE 43-minute video posted on Friday .
The 37-year-old opened up about feeling disrespected by her wedding makeup artist who chose to share an Instagram Story endorsement of Sleep Vitamins by SugarBearHair , a direct competitor of Westbrook’s brand Halo Beauty , at Coachella :
“It wasn’t just about vitamins or Halo, it was just about being lied to and feeling disrespected… And you know, James Charles had nine days after Coachella to talk to me. He knows where I live, it’s not far from him. He could’ve come face-to-face and chatted with me because he knew this would hurt me.”
While the teenager posted an apology video directed at his former friend the same day, explaining that he was “disappointed” in his own actions at the Indio festival, there’s another guru who is getting into the mix.
The Dragun Beauty founder tweeted out two text message screenshots, trying to vindicate her friend:
heard a situation needed some clarification 👀 my friend was in an emergency and texted me in the moment… unfortunately since @dragunbeauty used all of our marketing budget on the 𝓯𝓪𝓷𝓽𝓪𝓼𝔂, i connected him with sugar bear. nothing shady. pic.twitter.com/fNNtMReApm
— Mama Dragun (@NikitaDragun) May 14, 2019
However, it wasn’t long after the 23-year-old posted the supposed receipts that replies began coming in to tear her “clarification” apart.
1 The Time Stamps 2 Weekend One Or Two? 3 Too Little, Too Late? 4 Moving Along? The Time Stamps Twitter users think it seems HIGHLY unlikely given the length of messages between Nikita and the SBH team that they would have been exchanged in less than a minute, unless they were created as a later coverup:
“The timestamps are key. These are fake”
“Either they’re fake or they’re staged so that his story looks like it has receipts. Either way, im not buying it.”
“Getting a response in under 2 minutes from a rep regarding a spare pass… And let’s not forget the fact that he had the pass on that morning in his snaps… I smell something funky”
“So you read james’ texts, replied, texted SBH multiple times, got a response, and texted James back all with in 60 seconds”
Weekend One Or Two? Aside from the timestamps of the actual messages, many were confused by the date (April 20) of the messages, as many claim that the first weekend was when the deal went down between the guru and IG-famous brand:
“Wait, this doesn’t make sense, didn’t James Charles and y’all go to weekend 1? April 20th was during weekend 2.”
“Literally just rewatched the snap, he said that SBH helped him weekend one. NEXT”
“Also the 20th was week two of Coachella where he didn’t need the security team. Week one was the 12th I believe so this shows nothing.”
“girl nobody cares about the vitamins anymore also this doesn’t add up because james did the sugar bear hair ad during week one of coachella and april 20th was during weekend two and that’s when he just had regular vip”
Too Little, Too Late? Given that Charles’ sub count is already down by over 3 million, and Tati’s is up nearly 4 million, many were confused that Dragun waited so long to share these messages, furthering the rumor that they could be fabricated:
“Imagine waiting til your friend loses 3 million subs & is dragged all over the internet / media…& then coming forward saying “heard a situation needed clarification”.”
“what this changes: nothing”
“Nikita gurl… you could’ve just stayed out of this and fixed your wig”
“Sis that tea is COLD AF”
Though if the screenshots are real, users were also quick to point out that this didn’t necessarily make him look better, but actually worse for how quick he was to work with the brand:
“So, @ jamescharles knowingly asked you to get him in touch with Tati’s main competitor without even batting an eye? Wow, Thanks for clarifying! LOL # stillcancelled # stillanasshole # nicetry ”
“This still Paints him as a snake. He knowingly asked for help, knowingly betrayed his friend for a good time, wasn’t even taking the sleep pills, it was only for the pass and he is still a liar, lying to his audience about him taking the pills. Thanks for the info!”
James made it seem like he was being mobbed and sugar bear hair rushed to his rescue. When really he texted his friends asking if he could have a deal. He had time to put “thought and emotion” into it but his only emotion was wanting to enjoy coachella.. pic.twitter.com/3bJK1F9ttP
— ᵗᵉᵃ spill (@TeaSpillYT) May 14, 2019
Moving Along? There are also some that have completely moved past the vitamin issue, and onto his other potentially problematic actions :
“We aren’t even concerned with this anymore. Why would we care about the vitamin situation when he’s a predator?”
“Everyone keeps talking about the vitamins. That’s not why he’s cancelled”
What do U think about the text messages, Perezcious readers? Does this change your thoughts on the whole debacle? Leave your thoughts (below) in the comments!
[Image via James Charles/ Instagram. ]