“Revenue $5.36 B As of December 2013
At a Glance
- Industry: Food Markets
- Founded: 1967
- Country: United States
- CEO: Steven L. Goddard
- CFO: David M. Butler
- Website: www.wincofoods.com
- Employees: 14,500
- Fiscal Year End: Mar 31, 2013
- Sales: $5.36 B
- Headquarters: Boise, ID
#66 America’s Largest Private Companies
This employee-owned company operates 90 grocery stores in seven Western states (Washington, Idaho, Nevada, California, Oregon, Arizona and Utah). Most of the company’s stores are over 90,000 square feet in size and open 24 hours a day, offering not only groceries but also bakery goods, bulk foods, fresh seafood, service delis and health and beauty products.”
“WinCo Foods History
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 stands for Winning Company; however, the company also notes (as a “fun fact”) that it also references the first five states in which the company had stores (Washington, Idaho, Nevada, California, and 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.
In early 2009, it opened its first two stores in the Spokane, Washington, area. In October, 2009, WinCo expanded to Utah, adding two stores in West Valley City and Midvale. An additional Utah store opened in Roy on June 28, 2010. bringing the total number of stores expanded to Utah to five. WinCo previously operated stores in Utah under the Waremart banner prior to company’s name change.
In January 2011, WinCo began signing leases for an expansion to Southern Nevada and Arizona. The chain opened stores in Las Vegas and Henderson, Nevada, on March 4, 2012. The company’s first two Arizona stores opened on April 1, 2012 in the Phoenixarea. The company has plans to open multiple locations in Texas, including the Dallas-Fort Worth area.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “WinCo“