Hy-Vee: Difference between revisions
Content deleted Content added
SigKauffman (talk | contribs) |
←Replaced content with 'SICK!' |
||
| Line 1: | Line 1: | ||
SICK! |
|||
{{Infobox_Company | |
|||
company_name=Hy-Vee, Inc. | |
|||
company_logo=[[Image:HyVee-logo.gif|center]] | |
|||
company_type=[[employee-owned corporation|Employee-Owned]] | |
|||
company_slogan = "Where there's a helpful smile, in every aisle"| |
|||
foundation=[[Beaconsfield, Iowa|Beaconsfield]], [[Iowa]] (1930) | |
|||
location=[[West Des Moines, Iowa|West Des Moines]], [[Iowa]] | |
|||
key_people=Richard Jurgens, chairman and CEO<br>John Briggs, CFO| |
|||
revenue=$5.84 billion (2007)<ref name="Forbes">{{cite web|title=Hy-Vee, The Largest Private Companies|url=http://www.forbes.com/lists/2007/21/biz_privates07_Hy-Vee_ABYQ.html|work=[[Forbes]]|year=2006|accessdate=2007-02-04}}</ref> | |
|||
num_employees=52,000<ref name="Forbes"/> | |
|||
industry=[[Retailer|Retail]] ([[supermarket|grocery]]) | |
|||
products=Bakery, dairy, deli, frozen foods, gas, general grocery, meat, pharmacy, produce, seafood, snacks, liquor | |
|||
homepage=[http://www.hyvee.com/ www.hyvee.com]| |
|||
}} |
|||
'''Hy-Vee''' ({{pronEng|ˌhaɪ̪ˈviː}}) is an employee owned chain of supermarkets located in the [[Midwest]]ern [[United States]]. |
|||
As of January 2008, Hy-Vee operates 197 [[supermarket]]s and 26 [[pharmacy|drugstores]] in seven states.<ref>{{cite web|author=Hy-Vee, Inc.|title=Hy-Vee Store Finder|url=http://www.hy-vee.com/storefinder/storefinder.asp|accessdate=2007-09-02}}</ref> Over 100 of its supermarkets are located in [[Iowa]], with additional stores in [[Illinois]], [[Kansas]], [[Minnesota]], [[Missouri]], [[Nebraska]], and [[South Dakota]]. They also operate 26 Hy-Vee Drugstores (formerly branded as DrugTown) in Iowa and Nebraska. Hy-Vee also operates [[liquor]] stores under the names Regal Liquors and Hy-Vee Wine & Spirits. |
|||
Most Hy-Vee stores are full-service supermarkets with [[bakery|bakeries]], [[delicatessen]]s, [[bank]]s, [[florist]]s, and pharmacies. To keep pace with [[Wal-Mart]]'s recent expansion into the [[gas station]] business, Hy-Vee has also added gas stations with [[convenience store]]s to some of its properties. Customers are often given a discount of several cents per gallon of gas when their grocery receipt is shown. |
|||
Hy-Vee is known for its longtime [[advertising slogan]], ''"Where there's a helpful smile in every aisle"'', whose music was written by James Poulsen. The slogan was adopted for Hy-Vee's first [[television commercial]] in 1963. |
|||
Two-time [[National Football League]] MVP [[Kurt Warner]] once stocked shelves at a Hy-Vee store in [[Cedar Falls, Iowa|Cedar Falls]], [[Iowa]]. After being cut by the [[Green Bay Packers]] at age 24, he thought his football career might be over and worked there to cover bills. |
|||
Hy-Vee's largest store is located in [[Sioux Falls, South Dakota|Sioux Falls]], [[South Dakota]], which has over {{convert|100000|sqft|m2}} of retail space in the store. Hy-Vee keeps opening bigger stores, so the largest store will change every 6 months to every year.{{Fact|date=July 2008}} |
|||
==History== |
|||
The company was founded by Charles Hyde and David Vredenburg, when they opened a [[general store]] in Beaconsfield, Iowa, in 1930. More stores were started, and in 1938, the company incorporated into Hyde & Vredenburg, Inc. Hyde & Vredenburg had 15 stores in [[Iowa]] and [[Missouri]] at that point. In 1945 Hyde & Vredenburg moved its corporate headquarters from [[Lamoni, Iowa|Lamoni]] to [[Chariton, Iowa]], after acquiring the Chariton Wholesale Company. |
|||
[[Image:HyVeeHwy20.jpg|thumbnail|right|350px|A Hy-Vee Food Store in [[Dubuque, Iowa]].]] |
|||
The Hy-Vee name, a contraction of Hyde and Vredenburg, was adopted in 1952 as the winning entry of an employee contest. The first store to open under the Hy-Vee name opened in [[Fairfield, Iowa|Fairfield]], [[Iowa]], in 1953. The company's name was officially changed to Hy-Vee |
|||
Food Stores, Inc., in 1963. In 1969 Hy-Vee expanded into [[Minnesota]] after acquiring the Swanson Stores chain based in [[Cherokee, Iowa]]. That year it opened its first DrugTown pharmacy in [[Cedar Rapids, Iowa]]; in 2005 all DrugTown stores were renamed Hy-Vee Drugstores in order to reflect the relationship between the chain's pharmacies and supermarkets. <ref>{{cite web|author=Hy-Vee, Inc. (press release)|title=Drug Town Changes Name to Hy-Vee Drugstore|url=http://www.hy-vee.com/news/pressrelease.asp?prID=291|date=2005-06-08|accessdate=2006-09-03}}</ref> |
|||
Hy-Vee continued expanding during the 1970s and 1980s, opening stores in [[South Dakota]] (1975), [[Nebraska]] (1977), [[Illinois]] (1979), and [[Kansas]] (1988). Hy-Vee's 100th store, which was also its first to use electronic [[cash register]]s, opened in [[Keokuk, Iowa]], in 1975. By the end of 1989 Hy-Vee had 172 stores in seven states.<ref>{{cite web|author=FundingUniverse.com|title=Hy-Vee, Inc., Company History|url=http://www.fundinguniverse.com/company-histories/HyVee-Inc-Company-History.html|accessdate=2006-09-03}}</ref> In 1995 Hy-Vee moved its corporate headquarters from Chariton to its current home in [[West Des Moines, Iowa]], while shortening its name to Hy-Vee, Inc. The company still has its primary distribution center in Chariton; a second distribution center is located in Cherokee, Iowa. |
|||
Hy-Vee purchased the [[naming rights]] to the [[Iowa Events Center]]'s exhibition hall in 2001; Hy-Vee Hall was completed in December 2004. Hy-Vee also sponsors the annual [[Hy-Vee Triathlon]] in West Des Moines and the [[Hy-Vee Cy-Hawk Series]], a series of athletic competitions between [[Iowa State University]] and the [[University of Iowa]] that began in 2004. It also sponsored the [[Legends Tour]]'s Hy-Vee Classic golf tournament in [[Johnston, Iowa]], from 2000 to 2006 before it discontinued the tournament in order to focus on the Hy-Vee Triathlon.<ref>{{cite news|first=Rick|last=Brown|title=Hy-Vee ends its golf outing in Johnston|work=[[The Des Moines Register]]|date=2007-03-27|page=1C}}</ref> Hy-Vee has long served as a sponsor of [[Major League Baseball]]'s [[Kansas City Royals]]. Before and during the [[2008 Summer Olympics]], Hy-Vee ran a television ad featuring eventual gold medalist [[Shawn Johnson]], who is from West Des Moines, where Hy-Vee is headquartered. |
|||
Throughout its history Hy-Vee has branched out from its retail operations by acquiring several companies that provide services to its stores. Hy-Vee's non-retail subsidiaries are: |
|||
* D & D Foods, Inc., a supplier of fresh [[salad]]s based in [[Omaha, Nebraska]] |
|||
* Florist Distributing, Inc., a distributor of [[flower]]s and [[plant]]s based in [[Des Moines, Iowa]] |
|||
* Hy-Vee Weitz, L.C., a [[construction]] company based in Des Moines |
|||
* Lomar Distributing, Inc., a specialty food distributor based in Des Moines |
|||
* The Meyocks Group Inc., an [[advertising]], [[marketing]], and product research firm based in West Des Moines, Iowa |
|||
* Midwest Heritage Bank, FSB, a bank based out of Chariton, Iowa |
|||
* Perishable Distributors of Iowa, Ltd., a distributor of [[meat]], [[seafood]], and [[ice cream]], based in [[Ankeny, Iowa]] |
|||
Hy-Vee Inc. employs over 52,000 individuals and is the largest employer in the state of Iowa. The company has annual sales of over [[United States dollar|$]]5.84 billion. In 2007, Hy-Vee ranked 47th on ''[[Forbes]]'' magazine's annual list of the largest privately owned companies in the United States.<ref name="Forbes"/> |
|||
When the rival [[Eagle Food Center]]s chain of supermarkets ceased operations, Hy-Vee had purchased several of the locations. Initially Hy-Vee intended to remodel the buildings and reopen them as Hy-Vees, however the company later decided to demolish and replace the buildings with newer ones. The company often repeats this process with other purchased locations, in order to maintain a consistent corporate image. |
|||
In November 2007, Hy-Vee announced plans to open a store in [[Madison, Wisconsin]], on the site of an abandoned [[K-Mart]]. Planning to begin work once approval is given, this would be the first Hy-Vee location in [[Wisconsin]], which will also include plans to enter the [[Milwaukee, Wisconsin|Milwaukee]] market in 2009. It would also mark the first time that Hy-Vee has expanded into a new state since 1988. |
|||
<ref>{{cite web |url = http://www.kcrg.com/news/local/11078716.html |title = Hy-Vee Plans First Grocery Store in Wisconsin |accessdate = 2007-11-27 |publisher = Associated Press |language = English}}</ref> |
|||
==References== |
|||
{{reflist}} |
|||
==External links== |
|||
* [http://www.hy-vee.com/ Hy-Vee Food Stores Official Website] |
|||
[[Category:Companies based in Iowa]] |
|||
[[Category:Employee-owned companies of the United States]] |
|||
[[Category:Supermarkets of the United States]] |
|||
[[Category:Privately held companies of the United States]] |
|||
[[simple:Hy-Vee]] |
|||
Revision as of 14:43, 23 September 2008
SICK!