Roundy's
From Wikipedia, the free encyclopedia
| Roundy's Supermarkets | |
 |
|
| Type | Private |
|---|---|
| Founded | 1872 |
| Headquarters | Milwaukee, Wisconsin |
| Key people | Robert A. Mariano, Chairman & CEO |
| Industry | Retail (Grocery) |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks |
| Revenue | $3.9 billion USD (2006) |
| Employees | 22,000 |
| Website | www.roundys.com |
Roundy's Supermarkets is a Milwaukee, Wisconsin-based supermarket chain with 153 stores in Illinois, Minnesota, and Wisconsin.[1] Supermarket News ranked Roundy's No. 33 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $3.9 billion.[2] Based on 2005 revenue, Roundy's is the eightieth-largest retailer in the United States.[3]
Roundy's operates under the names Rainbow Foods in the Minneapolis-St. Paul region (acquired in 2003), Copps Food Centers in Stevens Point and Madison, Wisconsin, (acquired in 2001), and Pick `n Save stores in the Milwaukee region (founded 1975).
[edit] History
The company was founded in 1872 in Milwaukee, Wisconsin as Smith, Roundy & Co. by William E. Smith, Judson Roundy and Sidney Hauxhurst. Over the years it has also operated as the Roundy, Peckham & Co. and Roundy, Peckham & Dexter Co.
Roundy's was also a major warehouse distributor to non-company supermarkets, including IGA, but it has moved out of the wholesale market to focus on retail.
Roundy's had revenues of over $4.77 billion in 2004. It dropped out of the Fortune 500 list in 2006.
The Pick 'n Save chain which was the backbone and propellant for growth and sale of the company in 2002 was the prodigy of two Kroger educated supermarketing genius'. Vincent R. Little and Michael D. McGee, the fathers of Pick 'n Save, came up through the ranks at The Kroger Company. Credit successor management for not allowing Little and McGees efforts to deteriorate completely before the company could be sold to the more competent management currently in place.
Roundy's saw rapid growth during the John Dickson years. Dickson became sick and handed the reins to Greald F. Lestina. On Lestina's watch the company built only one corporate store at the fairgounds in Oskosh over a period of 7 years. That store was then sold years later to a director, George Prescott, for approximately $2.1 million dollars although the board of directors had been told the price was $3 million.
[edit] References
- ^ About Roundy's, Roundy's Supermarkets. Last accessed February 24, 2007.
- ^ 2007 Top 75 North American Food Retailers, Supermarket News, Last accessed February 24, 2007.
- ^ Top 100 Retailers: The Nation's Retail Power Players (PDF), Stores, July 2006.
