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

Grove Shares Pop On Retail Expansion Into 2,200 Additional Stores
  • Grove Collaborative Holdings Inc 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.

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