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WinCo is a midwestern chain of worker-owned stores that consistently underprice WalMart, while still paying a living wage to their staff and decent prices to their suppliers. Their secret appears to be a smaller selection of goods, sourced directly from factories -- but surely the fact that they're not extracting billions in profits for a family of rapacious plutocrats also helps keep prices low.
Burt Flickinger III, a reputable grocery store analyst, called them "Walmart's worst nightmare."
Originally posted by benrl
Costco and Winco, just two examples of successful companies that treat their employees well. So we know it can be done, just corporations choose to save money by screwing their own workers.
I shop winco very often, it and costco are two staples of my household.
Funny thing when I moved from So Ca to Oregon, I was surprised that the local Win-co was an exact copy of the one I had at home so much so I just went through my normal routine and everything was exactly where it would of been in So Ca, gotta love branding.edit on 13-8-2013 by benrl because: (no reason given)
Some of those employee owners have plump pensions. Especially those who got in on the ground floor. People who work at WinCo long enough will qualify for a pension that gives them a slice of WinCo's fortune. The company pours an amount equal to 20 percent of an employee's total yearly pay into a pension plan.
Former CEO Bill Long joined the company in its early years... The chain as we know it today started in 1985. That's when Long and other employees negotiated a buyout, making it an employee-owned company.
Other possible legislative changes — labels having to say whether foods contain genetically modified products, for example — would add "an awful lot of costs" to WinCo's business, he says.
Originally posted by chiefsmom
reply to post by Wrabbit2000
I wonder how up to date your map is? Winco website showed one in MI, so maybe they are still growing?
Originally posted by Wrabbit2000
I think it's great if you can get to one. I wouldn't mind Costco or Winco at all for an option. Unfortunately, I don't live on the West Coast for Winco and Costco just doesn't compare on any level for scale yet... I was a little shocked to see the comparisons, actually.
Maps of Winco-Foods, Walmart, Costco, and Sam's Club. A final Summary Map has a location count in the side margin, although icons don't saturate the map the same way on that display.
It's incredible to see just how Walmart has captured nearly the whole market in places.