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| WinCo better than Wal-Mart? | |
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| Tweet Topic Started: Aug 9 2013, 06:00 PM (298 Views) | |
| Guest | Aug 9 2013, 06:00 PM Post #1 |
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![]() A small Idaho grocery chain has been dubbed 'Wal-Mart's worst nightmare' after recording huge profits at its 100 stores. The no frills Western-based chain WinCo offers cheaper prices as well as better employee conditions than its giant rival, according to experts who claim that the small chain could one day be national competitor. The danger for Wal-Mart is fitting given the company started with a name aping the large chain. n 1999 Waremart became WinCo and with it started a winning formula which has won it plaudits and profits. It keeps its costs low by eliminating the middleman and buying direct from suppliers often sending their own trucks to collect produce which means they get a better price. Customers are also expected to bag their own groceries and credit cards are not accepted, bringing prices down even further. And unlike WalMart, which tends to offer dozens of different brands' versions of the same item, WinCo normally stocks just one or two and little is spent on advertising or store decoration. 'While many supermarkets strive to keep within a few percentage points of Walmart Stores’ prices, WinCo Foods often undersells the massive discount chain,' Supermarket News says. And retail analyst Burt Flickinger III described WinCo rise as being 'unstoppable'. He told the Idaho Statesman: 'They’re Wal-Mart’s worst nightmare.' WinCo currently has 137 stores in 26 states, employs 15,000 members of staff and had sales of $1.33 billion last year. They are planning to open more stores throughout 2014 and 2015 Stores are large but not unwieldy ranging from 18,000 to 23,000 square feet, less than half the average supermarket. Unlike WalMart which is notorious for offering low pay, WinCo also offers provides staff with health benefits and pensions. Retail expert Brad Tuttle told Time Magazine: 'Generally speaking, shoppers tolerate Walmart’s empty shelves and subpar customer service because the prices are so good. 'The fact that another retailer—even a small regional one—is able to compete and sometimes beat Walmart on prices, while also operating well-organized stores staffed by workers who enjoy their jobs, like their employer, and genuinely want the company to be successful.' Read more: http://www.dailymail.co.uk/news/article-2388113/The-discount-chain-Wal-Marts-worst-nightmare-offering-cheaper-prices.html#ixzz2bW2TaXBp Follow us: @MailOnline on Twitter | DailyMail on Facebook |
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| Guest | Aug 9 2013, 06:25 PM Post #2 |
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WinCo is owned by freeper fundie cunts. |
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| Guest | Aug 9 2013, 06:25 PM Post #3 |
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| Guest | Aug 9 2013, 07:01 PM Post #4 |
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Employee Owned We are part of your community WinCo Foods is proud to be employee owned… We believe our employees should share in the success of our company in a tangible way. That’s why we created an Employee Stock Ownership Plan (“ESOP”) more than 25 years ago. Participating in the ESOP program means employees are part owners of the company and benefit financially from a job well done. In this way, there is direct incentive for employees to work hard and take pride in what they do; that is why our stores are cleaner, our prices lower and our smiles are bigger. Additionally, being employee owned means WinCo Foods is owned by members of the local community. How our program works: Each employee owner becomes a participant in this program after: 1. Working at least 500 hours in the first 6 months of employment 2. Reaching 19 years of age 3. Accumulating 1000 hours a year WinCo’s ESOP never involves contributions from the employees; all contributions are entirely made by the company. http://www.wincofoods.com/about/an-employee-owned-company/ |
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| Guest | Aug 9 2013, 08:45 PM Post #5 |
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According to Wikipedia,
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| Deleted User | Aug 10 2013, 01:45 AM Post #6 |
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Sounds a little like Aldi to me. I'm not sure why Aldi doesn't do better in the US. Of course they're small stores and you can't get everything there, but their prices are cheaper than Walmart, sometimes significantly so. |
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| Guest | Aug 10 2013, 07:30 AM Post #7 |
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Aldi is part of the Albrecht Discount based in Germany, Trader Joes is part of that chain also, isn't it? |
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| Guest | Aug 10 2013, 10:48 AM Post #8 |
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Who all are FFC!
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7:57 PM Jul 10