Grocery Outlet Holding Corp. Loses Top Investor as Shares Continue to Decline

Stadium Capital Management has exited its position in Grocery Outlet Holding Corp., dumping $10.9 million in shares. The fund had previously held a 10% stake in the company, which is currently down 48% over the past year. Grocery Outlet operates a network of discount grocery stores across the US, leveraging a flexible sourcing strategy to deliver value-priced products. The company's business model focuses on procuring surplus and closeout goods to maintain a competitive position in the grocery retail sector.