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Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers.
In 1998, Wal-Mart introduced the Neighborhood Market concept with three stores in Arkansas. [48] By 2005, estimates indicate that the company controlled about 20 percent of the retail grocery and consumables business. [49] In 2000, H. Lee Scott became Wal-Mart's president and CEO as the company's sales increased to $165 billion. [50]
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