Andronico's

Andronico's Market Inc.
Type Private/Grocery
Industry Retail
Founded Berkeley, 1929
Headquarters Albany, California
Key people William Andronico, Chairman/CEO
John Clougher, President/COO
Anthony M Gilmore, Chief Strategist/CAO
Justin Jackson, Executive VP
Steve Epidendio, VP Operations
Products Produce, floral, bakery, prepared foods, catering, meat, seafood, liquor, wine, cheese
Owner(s) Renovo Capital
Website andronicos.com

Andronico's is a supermarket chain based primarily in the San Francisco Bay Area. Its first store was founded in 1929 on Berkeley's Solano Avenue by Greek immigrant Frank Andronico.[1]

Andronico's filed for Chapter 11 bankruptcy August 22, 2011.[2] It was acquired out of bankruptcy by Renovo Capital. [3]

Contents

Market position

Andronico's stores are smaller than rival chain supermarkets and boast a good selection of premium specialty items along with natural and organic foods. The meat and seafood selection is a cornerstone at Andronico's and is supported by large full service meat, poultry and seafood cases in all eight stores.

The company is known for being a community market and is continuing their support of the bay area communities where they operate.

Financial decisions

The San Francisco bay area is recognized for being of one most competitive supermarket environments and particularly among the independent premium food retailers. For decades Andronico's was applauded for their unique specialty items,quality perishables and excellent wine selection. During the mid 2000's Andronico's struggled to compete and lost market share to national supermarket chains both conventional and premium. After closing the Walnut Creek store in 2006 and selling the Danville store the same year to reduce company debt, the company focused on raising capital and remodeling the flagship store located at 14th and Irving San Francisco. With minor updates to the remaining seven stores and with a new low price strategy the company saw slight progress.

Executive team

In the late summer of 2009 Bill Andronico hired then consultant Justin Jackson to evaluate the company's operations. As a seasoned veteran most recently VP of Purchasing with Whole Foods Pacific Northwest, Jackson analyzed the situation and put together a new executive leadership team in May 2010 beginning with John Clougher as President and COO and Steve Epidendio as VP of Operations.

Both Clougher and Epidendio were former Whole Foods Execs, Clougher, former President of Pacific Northwest Region and Epidendio, former VP of Ops Norcal Region. Epidendio had also spent nine years as an Andronico's store director during the late 80"s and early 90's.

A month later Jackson and Clougher reached out to former colleague and past Whole Foods Norcal President Anthony Gilmore to join the team as Chief Strategist and Administrative Officer. Gilmore also held the position with Safeway as VP of Corporate Lifestyle and New Concept Development and Corporate Perishables 2007 to 2010.

Fall 2010, together they are restructuring the corporate support team to begin building a operations focused and talented seasoned team.

Locations

The Walnut Creek store closed December 22, 2006, and the Danville location closed on September 16, 2006, after eight years, and was sold to, Lunardi's Super Markets. The Palo Alto store closed July 24, 2011. [4]

Two locations in Berkeley closed in 2011.

References

  1. ^ [1]
  2. ^ San Francisco Chronicle, August 23, 2011, p. D-1
  3. ^ Frances Dinkelspiel (November 30, 2011). "Infusion of money should spiff up remaining Andronico’s". Berkeleyside. http://www.berkeleyside.com/2011/11/30/infusion-of-money-should-spiff-up-remaining-andronicos/. Retrieved December 19, 2011. 
  4. ^ http://www.almanacnews.com/news/show_story.php?id=9318

External links