Ridley's Family Markets

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Ridley's Family Markets
Grocery
IndustryRetail
Founded1984; 35 years ago (1984)
(Payson, Utah)[1]
FoundersJerry and Connie Ridley
Headquarters,
Area served
Intermountain West
Key people
Donald Mark Ridley (President)
Jerry Lee Ridley (Director)
Constance Fay Ridley (Secretary)[3]
ProductsBakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor
Websiteshopridleys.com

Ridley's Family Markets is a family-owned chain of grocery stores based in Jerome, Idaho, United States[2] (but incorporated in Wyoming),[4][3] with multiple locations around the Intermountain West.[5]

Description[edit]

Although the company was founded in 1984 in Payson, Utah, it subsequently moved its headquarters to Boise, Idaho, and then Jerome. As of 2017, Ridley's operates 31 supermarkets in Idaho, Colorado, Utah, Nevada, and Wyoming, as well as two stand alone pharmacies. It also has a retail support center in Twin Falls, Idaho.[1][5] In 2015, it was ranked as the 21st largest private company in Idaho.[6] As of August 2017, the company's leadership was Donald Mark Ridley (President), Jerry Lee Ridley (Director), and Constance Fay Ridley (Secretary).[3]

History[edit]

The Ridley's grocery store in Ely, Nevada, March 2010.

In 1984, Jerry and Connie Ridley opened a 11,000-square-foot (1,000 m2) grocery store in Payson, Utah.[7] Ridley's first operated as an IGA franchise called Ridley's IGA Foodliner.[citation needed] In 1986, the couple sold the Payson store and began a partnership to build and operate a Food 4 Less store in Provo, Utah.[1] In 1988, after grocery retailer Farmer Jack closed their stores in Idaho and Utah, the Ridleys decided to sell their share of the Food 4 Less store to acquire three former Farmer Jack stores in Idaho.[1] Ridley's Food Corporation was incorporated that same year as a privately held company with its headquarters in Boise, Idaho.[8][9] Throughout the 1990s, Ridley's began acquiring several grocery stores in Idaho, including two Smith's Food and Drug stores in Boise (1992) and two Sprouse-Reitz stores in Emmett and McCall (1994).[1] Each of these four stores were eventually closed or relocated.[1] In 2004, the first Ridley's Family Markets store in Utah was opened in the city of Tremonton.[10] In 2007, Ridley's ranked as the 36st largest private company in Idaho.[11]

The Ridley's grocery store in Midway, Utah, April 2016.

The retailer's first stores in Nevada (Ely) and Wyoming (Pinedale) opened in 2007 and 2008, respectively.[7] As of 2008, Ridley's had 15 stores and 600 employees.[7] Between 2008 and 2010, Ridley's acquired three Albertsons stores in Blackfoot, Idaho and Orem, Utah.[1] Following the purchase of three pharmacies in Idaho and Nevada, Ridley's opened the first free-standing pharmacies in the company's history in 2010.[1] In August 2011 Ridleys Family Markets. Inc. was incorporated in Wyoming.[4] On December 20, 2014, it was announced that Ridley's would be buying four grocery stores in Wyoming: two Safeway stores in Casper, one Safeway in Sheridan, and an Albertson's store in Laramie. The stores were being sold by Associated Food Stores, a grocery wholesaler and co-op that facilitates such deals. At the time, Ridley's had 24 stores and approximately 2,000 employees.[12] In July 2015, Ridley's announced the purchase of a Harmons grocery store in Ogden Utah, soon to become a new Ridley's location.[13] In December 2015, the two then existing companies (Ridley's Food Corporation and Ridley's Family Markets, Inc.) were merged, with later being the surviving and current company.[14]

Since the late 1990s, Ridley's has been supplied by Associated Food Stores. The company was previously supplied by Fleming Foods.[citation needed] In 2015, Ridley's Family Markets was listed as the 21st largest private business headquartered in Idaho.[6]

Electronic retailing innovations[edit]

Electronic marketing innovations that Ridley's had developed around its customer loyalty program were recognized in 2006 with a Global Electronic Marketing award. Program features recognized by the award included customizable shopping lists, card points that could be redeemed for rewards and discounts, and email delivery of weekly ads.[15] In 2008, it was announced that Ridley's would conduct an experimental implementation of electronic coupon clearing in one of its stores. This is an innovation that transfers coupon redemption information from retailers to manufacturers electronically, with the goal of eliminating the transaction costs and other problems involved with traditional methods of coupon processing. Although this technology has many perceived advantages, it had not been successfully implemented on a large scale.[16]

See also[edit]

Industry5.svg Companies portal

References[edit]

  1. ^ a b c d e f g h "About Ridley's". shopridleys.com. Retrieved 30 Nov 2017.
  2. ^ a b "Company Overview of Ridley's Food Corporation". bloomberg.com. Retrieved 30 Nov 2017.
  3. ^ a b c Profit Corporation Annual Report: Ridleys Family Market, Inc. wyobiz.wy.gov (Report). State of Wyoming. 31 Aug 2017 – via Wyoming Secretary of State website: Ridleys Family Markets, Inc. f. |access-date= requires |url= (help)
  4. ^ a b "Profit Corporation Articles of Incorporation: Ridleys Family Market, Inc". wyobiz.wy.gov. State of Wyoming. 29 Aug 2011 – via Wyoming Secretary of State website: Ridleys Family Markets, Inc. Missing or empty |url= (help); |access-date= requires |url= (help)
  5. ^ a b "Store Locations". shoprildleys.com. Retrieved 30 November 2017.
  6. ^ a b KPMG (27 Oct 2015). "Idaho's Top Private Companies". The Idaho Statesman. Boise, Idaho: The McClatchy Company. p. 18. Retrieved 30 Nov 2017.
  7. ^ a b c "About Us". shoprileys.com. Archived from the original on 21 December 2010. Retrieved 30 Nov 2017 – via web.archive.org.
  8. ^ "Articles of Incorporation of Ridley's Food Corporation" (PDF). sos.idaho.gov. 7 Mar 1988. Retrieved 30 Nov 2017.
  9. ^ "Ridley's Food Corporation (Ridley's Family Markets)". manta.com. Archived from the original on 2012-03-14.
  10. ^ Blake, Deborah (3 April 2004). "Ridley's opens store in Utah". Standard-Examiner. Retrieved 27 December 2017. (Subscription required (help)). TREMONTON -- Ridley's Family Markets, a grocery-store chain headquartered in Idaho, has opened its first Utah store here.
  11. ^ KPMG (26 Oct 2008). "Idaho's Top Private Companies". The Idaho Statesman. Boise, Idaho: The McClatchy Company. Archived from the original on 29 September 2011. Retrieved 30 Nov 2017 – via web.archive.org.
  12. ^ Sheely, Hannah (20 Dec 2014). "Ridley's Family Market buying Sheridan Safeway, three other Wyoming stores". The Sheridan Press. Sheridan, Wyoming. Retrieved 1 Dec 2017.
  13. ^ Standard-Examiner staff (17 Jul 2015). "Harmons leaving Ogden location". Standard-Examiner. Ogden, Utah: Sandusky Newspapers. Retrieved 1 Dec 2017.
  14. ^ "Articles of Merger". wyobiz.wy.gov. State of Wyoming. 31 Dec 2015 – via Wyoming Secretary of State website: Ridleys Family Markets, Inc. Missing or empty |url= (help); |access-date= requires |url= (help)
  15. ^ "Supervalu, Ridley's, MobileLime Win Global Electronic Marketing Awards". allbusiness.com. Progressive Grocer. 16 Oct 2006. Archived from the original on 11 March 2008. Retrieved 1 Dec 2017 – via web.archive.org.
  16. ^ "Ridley's Plans to Deploy Electronic Coupon Clearing". Supermarket News. Penton Media, Inc. 14 May 2008. Archived from the original on 15 October 2008. Retrieved 1 Dec 2017 – via web.archive.org.

External links[edit]