Grocery Outlet, supermarket chain previously known as Canned Foods Grocery Outlet, is owned by private equity firm and operated by the founding Read family. It focuses on discount overstocked and closeout products from name brand and private label suppliers.[dead link] James Read founded the company on June 11, 1946 in San Francisco, California. Grocery Outlet operates in California, Oregon, Washington, Idaho, Nevada and Pennsylvania. Its co-CEOs are Eric Lindberg and MacGregor Read. The majority of Grocery Outlet’s stores are independently operated by locally based married couples.[dead link] Each store also has flexibility in its product offerings to better serve local tastes and demand. On June 11, 1946, James Read bought government surplus food products and sold them in vacant stores throughout San Francisco. He named his new company Cannery Sales.