Roundy's
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| Company type | Public |
|---|---|
| NYSE: RNDY | |
| Industry | Retail (Grocery) |
| Founded | 1872 |
| Headquarters | Milwaukee, Wisconsin |
Number of locations | 156 |
Key people | Robert A. Mariano, Chairman & CEO Darren W. Karst, EVP & CFO |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks |
| Revenue | USD 3.8 billion (2011) |
| Owner | Willis Stein & Partners |
Number of employees | 20,000 |
| Website | roundys.com |
Roundy's Supermarkets (Roundy's) is a Milwaukee, Wisconsin-based supermarket chain with 166 stores and 99 pharmacies in Wisconsin, Minnesota, and Illinois.[1] Based on fiscal year 2012 sales, Roundy's was the 37th largest grocery store chain[2] and the 89th largest retailer in the United States.[3]
Roundy's operates under the names Pick 'n Save in southeast Wisconsin (founded in 1975), Rainbow Foods in the Minneapolis-St. Paul region (acquired in 2003), Copps Food Center in northern Wisconsin (acquired in 2001), Metro Market (a pilot concept store in downtown Milwaukee, opened in 2004), and Mariano's Fresh Market in the Chicago metropolitan area.
Roundy's operates three main distribution centers located in Stevens Point, Mazomanie, and Oconomowoc, Wisconsin. Roundy's operates Copps Food Center from its Stevens Point headquarters.
The company began trading on the New York Stock Exchange on February 8, 2012.[1]
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. [citation needed]
Roundy's was a major warehouse distributor to non-company supermarkets, including IGA, but it moved out of the wholesale market to focus on retail.[citation needed]
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 marketers [citation needed]. Vincent R. Little and Michael D. McGee, the fathers of Pick 'n Save, came up through the ranks at the Kroger Company.
Roundy's saw rapid growth during the John Dickson years. Dickson became sick and handed the reins to Gerald F. Lestina. On Lestina's watch the company built only one corporate store, at the fairgrounds in Oshkosh, Wisconsin over a period of 7 years. That store was then sold years later to a director, George Prescott, for approximately $ 1.1 million, although the board of directors had been told the price was $5 million. [citation needed]
In 2002, Roundy's was taken private through a purchase by the Chicago private-equity firm Willis Stein & Partners. A strong effort was made in 2007 to sell Roundy's, but because of the softness in the credit markets there were no takers. Rumors have swirled regarding a possible sale of Roundy's to Cincinnati-based Kroger in conjunction with some or all of Safeway-owned and Chicago-based Dominick's stores.[4]
The current CEO is "Chairman Bob" Robert Mariano, who was the CEO of Dominick's prior to Dominick's sale to Safeway in 1998. Most of Mariano's senior staff at Roundy's held the same positions with Mariano at Dominick's. [5]
In 2012 Roundy's took the company public with an IPO. The company entered the stock exchange at $8.50 per share.
Retail banners
Roundy's operates stores using five distinct banners: Pick 'n Save, Copps, Rainbow Foods, Metro Market, and Mariano's Fresh Market. Three of those are practically identical in merchandising style and strategy, while Metro Market and Mariano's offer more urban-upscale product offerings with modern fixtures and amenities.
Almost all stores carrying the Pick 'n Save banner are located south and east of a line from Madison to Green Bay, Wisconsin.[citation needed] All Copps stores are located in Wisconsin north and west of the line described. All Rainbow Foods stores are located in Minnesota in the Twin Cities metropolitan area. Mariano's Fresh Market is in the Chicago area.
Competition
Competitors to Roundy's include Wal-Mart, Meijer, Costco Wholesale, Piggly Wiggly, Woodman's, and Sendik's Food Market in the Milwaukee area; Festival Foods in the Green Bay/Fox Cities market, and Supervalu owned Cub Foods, Meijer, SuperTarget, Costco, and Wal-Mart in the Twin Cities.
References
- ^ a b Roundy's Investor FAQs. Accessed February 14, 2013.
- ^ Top 75 Retailers & Wholesalers 2013, Supermarket News, January 21,2013. Accessed February 14, 2012.
- ^ "Top 100 Retailers: The Nation's Retail Power Players 2012". Stores magazine. July 2012. Retrieved February 14, 2012.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Doris Hajewski (March 25, 2007). "Industry experts say Roundy's likely will end up with another private-equity firm". Journal Sentinel. Retrieved April 25, 2006.
- ^ http://articles.chicagotribune.com/2013-02-11/business/ct-biz-0211-executive-profile-mariano-20130211_1_bob-mariano-grocery-stores-roundy