WinCo Foods

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WinCo Foods, Inc.
Employee-owned
Industry Retail grocer
Founded 1967
Headquarters Boise, Idaho, U.S.
Number of locations
 104[1]
Key people
 Gary Piva, Chairman
Steven Goddard, President/CEO
Richard Charrier, COO
David Butler, CFO
Revenue US$4.73 billion (2011)[2]
Number of employees
 15,000 (2015)[1]
Website www.wincofoods.com

WinCo Foods, Inc. is a privately held, majority employee-owned[3][4][5] American supermarket chain based in Boise, Idaho with retail stores in Arizona, California, Idaho, Nevada, Oregon, Texas,[6] Utah, and Washington. It previously operated stores as Waremart Food Centers and Cub Foods (under a franchise agreement) until 1999. As of November 2015, it has 104 retail stores and five distribution centers with over 15,000 employees.[1][7]

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 five distribution centers in Woodburn, Oregon; Myrtle Creek, Oregon; Boise, Idaho; Phoenix, Arizona; and Modesto, California, and has a total of just over 15,000 employees company-wide.[1]

It reduces operation expenses by purchasing directly from manufacturers and farmers; accepting cash and debit cards, but not credit cards; having basic, no-frills stores; and not providing bagging service.[8]

History

File:WaremartFoodsLOGO.PNG
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.[5][9] 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.[5][9]

In January 1991, Waremart opened an 82,000 square-foot store in Boise to replace the two older Boise stores.[10] At the time, Waremart was operating 16 stores in the Northwest and had reported annual sales of more than $300 million.[10]

In 1999, Waremart changed its name to WinCo Foods. According to the company, the name WinCo is a portmanteau of Winning Company; however, the company also claims (as a "fun fact") that it also refers to the five states where the company originally operated stores (Washington, Idaho, Nevada, California, and Oregon).[11] For reasons that are not specified on the company's website, one store in Independence, Oregon retains the Waremart name.[12]

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.[13]

In early 2009, it opened its first two stores in the Spokane, Washington, area.[14] In October, 2009, WinCo expanded to Utah, adding two stores in West Valley City and Midvale.[9][15][16] An additional Utah store opened in Roy on June 28, 2010.[17][18] bringing the total number of stores expanded to Utah to five.[19] WinCo previously operated stores in Utah under the Waremart banner prior to company's name change.[9][20]

In January 2011, WinCo began signing leases for an expansion to Southern Nevada and Arizona.[21] The chain opened stores in Las Vegas and Henderson, Nevada, on March 4, 2012.[22] The company's first two stores in Arizona opened on April 1, 2012 in the Phoenix area.[23] The company has opened multiple locations in Texas, including the Dallas-Fort Worth area.[1][24][25] 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.[26]

See also

References

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  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 9.2 9.3 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ http://wincofoods.com/customer-service/faqs/
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ http://newsok.com/idaho-based-grocer-plans-midwest-city-store/article/5361986

External links

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