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WinCo Foods

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WinCo Foods, Inc.
Company typeEmployee-owned
IndustryRetail grocer
Founded1967
HeadquartersBoise, Idaho, U.S.
Number of locations
101[1]
Key people
Gary Piva, Chairman
Steven Goddard, President/CEO
Richard Charrier, COO
David Butler, CFO
RevenueUS$4.73 billion (2011)[2]
Number of employees
15,000+ (2015)[3]
Websitewww.wincofoods.com

WinCo Foods, Inc. is a privately held, majority employee-owned[4][5][6] American supermarket chain based in Boise, Idaho with retail stores in Arizona, California, Idaho, Nevada, Oregon, Utah, Washington, and Texas. It previously operated stores as Waremart Food Centers and Cub Foods (under a franchise agreement) until 1999. As of May 2015, it has 101 retail stores and four distribution centers with 15,000+ employees.[7][8]

Overview

WinCo Foods is based in Boise, Idaho. It was founded in 1967 and most of the company ownership is held by current and former employees through an employee stock ownership plan. WinCo currently operates four distribution centers in Woodburn, Oregon; Myrtle Creek, Oregon; Boise, Idaho; and Modesto, California, and has a total of just over 14,000 employees company-wide.[9]

It reduces operating expenses by directly purchasing from manufacturers and farmers, not accepting credit cards, having basic stores, and not providing bagging service.[10]

History

From 1967 to 1999, WinCo operated as Waremart Food Centers.

In 1967, it was founded in Boise, Idaho as Waremart by Ralph Ward and Bud Williams.[6][11] In 1985, an employee stock ownership plan purchased a majority interest of Waremart from the Ward family, giving Waremart employees an ownership stake in the company.[6][11]

In January 1991, Waremart opened an 82,000 square-foot store in Boise to replace the two older Boise stores.[12] At the time, Waremart was operating 16 stores in the Northwest and had reported annual sales of more than $300 million.[12]

In 1999, Waremart changed its name to WinCo Foods. According to the company, the name WinCo stands for Winning Company; however, the company also notes (as a "fun fact") that it also references the first five states in which the company had stores (Washington, Idaho, Nevada, California, and Oregon).[13]

Store in the Orenco area of Hillsboro, Oregon

In 2007, WinCo Foods accused a competing chain, Save Mart, of directing a lawsuit filed by a neighborhood group Tracy First of Tracy, California, to oppose city approval of a WinCo store.[14]

In early 2009, it opened its first two stores in the Spokane, Washington, area.[15] In October, 2009, WinCo expanded to Utah, adding two stores in West Valley City and Midvale.[11][16][17] An additional Utah store opened in Roy on June 28, 2010.[18][19] bringing the total number of stores expanded to Utah to five.[20] WinCo previously operated stores in Utah under the Waremart banner prior to company's name change.[11][21]

In January 2011, WinCo began signing leases for an expansion to Southern Nevada and Arizona.[22] The chain opened stores in Las Vegas and Henderson, Nevada, on March 4, 2012.[23] The company's first two Arizona stores opened on April 1, 2012 in the Phoenix area.[24] The company has plans to open multiple locations in Texas, including the Dallas-Fort Worth area.[25][26] In late 2014 it was announced that WinCo will enter the Oklahoma City metro market, starting with a store in Midwest City with plans to open multiple locations in the metro.[27]

See also

References

  1. ^ "WinCo Corporate Site". Retrieved February 24, 2015.
  2. ^ "WinCo Foods". Forbes. 2011. Retrieved 2011-08-13.
  3. ^ "WinCo Foods Company History". Winco Foods, Inc. 2015. Retrieved 2015-09-15.
  4. ^ Elliot Zwiebach (2013-06-24). "WinCo's Employee-Owners Speak Out". Retrieved 2013-08-31.
  5. ^ "WinCo Foods, Inc. - Company profile from Hoover's". Retrieved 31 August 2013. WinCo Foods isn't just big on self-service -- it's giant. Inside the immense stores (average size is 92,000 sq. ft.) of this mostly employee-owned supermarket chain, customers shop for food in bulk and bag their own groceries.
  6. ^ a b c "WinCo Foods". Retrieved 31 August 2013. Eighty percent of the company is employee owned.
  7. ^ Zwiebach, Elliot (January 31, 2014). "WinCo sets first two Texas openings". Supermarket News. Retrieved March 21, 2014.
  8. ^ Zwiebach, Elliot (August 15,2015). "WinCo Foods Company History". Supermarket News. Retrieved September 1, 2013. {{cite web}}: Check date values in: |date= (help)
  9. ^ Cite error: The named reference hoovers was invoked but never defined (see the help page).
  10. ^ Tuttle, Brad (7 August 2013). "Meet the Low-Key, Low-Cost Grocery Chain Being Called 'Walmart's Worst Nightmare'". Time. Retrieved 22 September 2013.
  11. ^ a b c d "History - WinCo Foods". WinCo Foods. Retrieved 2013-10-22.
  12. ^ a b "Idaho's largest supermarket set to open Monday at Boise". Lewiston Morning Tribune. 1991-1-27. {{cite web}}: Check date values in: |date= (help)
  13. ^ http://wincofoods.com/customer-service/faqs/
  14. ^ "Hidden Billionaire Found With Food Fortune in California". Boomberg. August 2013. Retrieved 22 September 2013. In Tracy, California, WinCo accused Save Mart in 2007 of directing a lawsuit filed by neighborhood group Tracy First against the city for approving a new WinCo store, according to a state court document.
  15. ^ "WinCo Makes Spokane Debut, Eyes Utah". Supermarket News. 2009. Retrieved 6/7/2012. {{cite web}}: Check date values in: |accessdate= (help)
  16. ^ "Winco Foods Building Utah Sites". Supermarket News. May 19, 2009. Retrieved 31 August 2013.
  17. ^ "New WinCo DC Facilitates Utah Growth". Supermarket News. 23 September 2009. Retrieved 31 August 2013.
  18. ^ WinCo Foods, LLC (2010). "WinCo foods announces grand opening of new store in Roy, Utah". PR NewsWire. Retrieved 2010-06-25.
  19. ^ "Idaho grocery store chain coming to Utah". KSL.com. May 15, 2009. Retrieved 2013-08-31.
  20. ^ "WinCo opening five new stores in Utah". The Daily Herald. 2009. Retrieved 2009-10-14.
  21. ^ "WinCo Eyes Eastward Expansion". 8 August 2011. Retrieved 31 August 2013. "WinCo opened a distribution center in Boise late in 2009, and it said at the time it needed 10 stores in Utah to make that facility efficient. It has opened five of those stores already, so it seems it is looking to capitalize on the move into Utah and then go into other areas before refocusing its efforts on Southern California."
  22. ^ "WinCo grocery chain plans Arizona expansion". East Valley Tribune. 2011-1-23. {{cite web}}: Check date values in: |date= (help)
  23. ^ "Attention shoppers: WinCo Foods opens 2 stores in Southern Nevada". Las Vegas Sun. 3/5/2012. Retrieved 6/7/2012. {{cite web}}: Check date values in: |accessdate= and |date= (help)
  24. ^ "WinCo to open new grocery stores in Phoenix". Phoenix Business Journal. 3/2/2012. {{cite web}}: Check date values in: |date= (help)
  25. ^ Gene Trainor (2013-07-05). "WinCo picks site in North Richland Hills for supermarket". Star-Telegram. Retrieved 2013-07-07. North Richland Hills is the third North Texas location selected by the company. A store at Sycamore School and Crowley roads in south Fort Worth is expected to open early next year, along with another in McKinney. The company had focused its business in seven Western states, including California, Oregon and Washington.
  26. ^ "North Carolina grocer to open Dallas stores in Turtle Creek Village and near the Arboretum". The Dallas Morning News. 8/1/2013. {{cite web}}: Check date values in: |date= (help)
  27. ^ http://newsok.com/idaho-based-grocer-plans-midwest-city-store/article/5361986
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