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Grove Shares Pop On Retail Expansion Into 2,200 Additional Stores

Benzinga Real-time News · Sep 27, 2022 13:21

GROV +3.82%

Grove Collaborative Holdings Inc (NYSE:GROV) is planning for a retail expansion for its home care brand, Grove Co, with its first drugstore retailer.
Grove has added its product assortment of zero plastic waste cleaner concentrates, dish soaps, and dishwasher detergent packs to 2,200 additional stores.
The company has more than doubled its retail door count since early 2021.
Grove intends to become 100% plastic-free by 2025.
"By growing our distribution, we're making it easier for consumers to shop for planet-friendly, high-performing products that do not rely on plastic packaging," said Stuart Landesberg, co-founder and CEO of Grove Collaborative.
Price Action: GROV shares are trading higher by 34.4% at $3.98 on the last check Tuesday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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