WinCo Foods
 |
|
| Employee-owned | |
| Industry | Retail grocer |
| Founded | 1967 |
| Headquarters | Boise, Idaho, U.S. |
|
Number of locations
|
113 |
|
Key people
|
Gary Piva, Chairman Richard Charrier, COO David Butler, CFO |
| Revenue | US$4.73 billion (2011) |
|
Number of employees
|
15,000 (2015) |
| Website | www.wincofoods.com |
Gary Piva, Chairman
Steven Goddard, President/CEO
WinCo Foods, Inc. is a privately held, majority employee-owned American supermarket chain based in Boise, Idaho with retail stores in Arizona, California, Idaho, Nevada, Oregon, Texas, Utah, Washington, and soon, Oklahoma. It previously operated stores as Waremart Food Centers and Cub Foods (under a franchise agreement) until 1999. As of March 2017, it has 113 retail stores and five distribution centers with over 15,000 employees.
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 . 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.
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.
In 1967, it was founded in Boise, Idaho as Waremart by Ralph Ward and Bud Williams. 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.
In January 1991, Waremart opened an 82,000 square-foot store in Boise to replace the two older Boise stores. At the time, Waremart was operating 16 stores in the Northwest and had reported annual sales of more than $300 million.
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). One store in Independence, Oregon retains the Waremart name; unlike WinCo branded stores, it is not open 24 hours a day.
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Wikipedia