Roundy's
{{Short description|American supermarket chain}}
{{redirect-distinguish|Pick 'n Save|Pic 'N' Save}}
{{Infobox company
| name = Roundy's Supermarkets
| logo = Roundy's logo.svg
| logo_size = 225px
| type = Subsidiary
| founders = {{ubl|William E. Smith|Judson Roundy|Sidney Hauxhurst}}
| former_name = {{Unbulleted list| Smith, Roundy & Co. (1872–1970)}}
| foundation = {{start date and age|1872|p=y}}
| industry = Retail (Grocery)
| locations = 151
| num_employees = 14,000 (2021)
| area_served = Wisconsin and Illinois
| products = Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks
| revenue = US$ 3.5 billion (2021)
| parent = Kroger
| location_city = Milwaukee, Wisconsin
| divisions = {{ubl|Pick 'n Save|Metro Market|Mariano's Fresh Market|Copps Food Centers (Until 2017)}}
| homepage = {{Official URL}}
}}
Roundy's Supermarkets (also known as Roundy's) is an American supermarket operator. It owns and operates stores under the names of Pick 'n Save, Metro Market, and Mariano's Fresh Market. The chain is a subsidiary of Kroger. Roundy's operates{{when|date=January 2022}} 149 supermarkets and 107 pharmacies throughout the states of Wisconsin and Illinois.{{Cite news |title=Roundy's Supermarkets, Inc. |url=https://www.linkedin.com/company/roundy's-supermarkets-inc- |access-date=14 December 2022 |website=LinkedIn}} Based on fiscal year 2012 sales, Roundy's was the 37th largest grocery store chain{{cite web|url=http://supermarketnews.com/top-75-retailers-wholesalers-2013|title=Top 75 Retailers & Wholesalers|work=supermarketnews.com|access-date=February 10, 2017}} and the 89th largest retailer in the United States.{{cite web| last = Schulz | first = David P. | date = June 26, 2012 | title = Top 100 Retailers 2012 | website = NRF.com | location = Washington, DC | publisher = National Retail Federation (NRF) | url = https://nrf.com/news/top-100-retailers-2012 | access-date = February 10, 2017}} See also [https://nrf.com/resources/top-retailers-list//top-100-retailers-2012 the attached listing to that article]. As of December 2015, Roundy's became a subsidiary of Kroger of Cincinnati, Ohio.{{cite news | last=Taschler | first=Joe | date=December 18, 2015 | title=Kroger Completes Acquisition of Roundy's | newspaper=Milwaukee Journal Sentinel | url=http://www.jsonline.com/business/kroger-completes-acquisition-of-roundys-b99636738z1-362937421.html | access-date=April 25, 2006 }}
Roundy's is known historically as a wholesale supplier to independent retailers.{{Cite book |last=Plunkett |first=Jack W. |title=Plunkett's Retail Industry Almanac |publisher=Plunkett Research, Ltd. |year=2008 |isbn=978-1-59392-139-2 |language=en}} It operates food production facilities in Kenosha and other locations and has two main distribution centers in Mazomanie and Oconomowoc, Wisconsin.
The company began trading on the New York Stock Exchange on February 8, 2012,{{cite web |title=Roundy's, Inc. - Investor FAQs |url=http://phx.corporate-ir.net/phoenix.zhtml?c=251227&p=irol-faq |access-date=February 10, 2017 |work=corporate-ir.net}} and ceased trading on December 18, 2015, when it became a subsidiary of Kroger.
History
File:Milwaukee September 2023 008 (Roundy, Peckham & Dexter Company--Broadway Central Building).jpg's Historic Third Ward]]
The company was founded in 1872 in Milwaukee as Smith, Roundy & Co. by William E. Smith, Judson Roundy and Sidney Hauxhurst. In 1942, the company purchased Clark & Host coffee roasting company from Charles Clark.{{Cite book |last=Janik |first=Erika |title=Odd Wisconsin: Amusing, Perplexing, and Unlikely Stories from Wisconsin's Past |publisher=Wisconsin Historical Society |year=2012 |isbn=978-0-87020-383-1 |location=Madison, WI |pages=133 |language=en}}
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.{{cite news | author=Hajewski, Doris | date=March 25, 2007 | title=Industry Experts Say Roundy's Likely Will End Up With Another Private-Equity Firm | newspaper=Milwaukee Journal Sentinel | url=http://www.jsonline.com/business/29450639.html | archive-url=https://web.archive.org/web/20101219192546/http://www.jsonline.com/business/29450639.html | url-status=dead | archive-date=December 19, 2010 | access-date=December 19, 2017 }}
Roundy's was taken private in 2002 through purchase by the Chicago private-equity firm Willis Stein & Partners.{{cite news |last1=Gallun|first1=Alby|title=Willis Stein picks up Roundy's|newspaper=Crain's Chicago Business|date=April 10, 2002|url=http://www.chicagobusiness.com/article/20020410/NEWS01/20005074/willis-stein-picks-up-roundys|access-date=December 19, 2017}}
Roundy's took the company public via an initial public offering (IPO) in 2012, posting an initial share price of $8.50 per share.{{cite web|last1=Cowan|first1=Lynn|title=Roundy's trading up 3.5% after cutting IPO price|url=https://www.marketwatch.com/story/roundys-trading-up-35-after-cutting-ipo-price-2012-02-08|website=Market Watch|date=8 February 2012 |access-date=December 19, 2017}}
Beginning in 2002, the CEO of the corporation was Robert "Chairman Bob" Mariano,{{Cite news |last=Content |first=Thomas |date=April 10, 2002 |title=Chicago firm to buy Roundy's |pages=01 |work=Milwaukee Journal Sentinel |url=https://0-infoweb-newsbank-com.countycat.mcfls.org/apps/news/openurl?ctx_ver=z39.88-2004&rft_id=info%3Asid/infoweb.newsbank.com&svc_dat=WORLDNEWS&req_dat=0D8DE8DE83992E4A&rft_val_format=info%3Aofi/fmt%3Akev%3Amtx%3Actx&rft_dat=document_id%3Anews%252F0F2D1EF1164251F1 |url-access=registration |access-date=November 24, 2023 |via=NewsBank}} who had been the CEO of Dominick's prior to Dominick's sale to Safeway in 1998.{{Cite news |last=Daykin |first=Tom |date=March 19, 2003 |title=Roundy's ends fiscal year with higher sales, profits |pages=03 |work=Milwaukee Journal Sentinel |url=https://0-infoweb-newsbank-com.countycat.mcfls.org/apps/news/openurl?ctx_ver=z39.88-2004&rft_id=info%3Asid/infoweb.newsbank.com&svc_dat=WORLDNEWS&req_dat=0D8DE8DE83992E4A&rft_val_format=info%3Aofi/fmt%3Akev%3Amtx%3Actx&rft_dat=document_id%3Anews%252F0FA181BEA1BEEC2E |url-access=registration |access-date=November 24, 2023 |via=NewsBank}}
On December 2, 2013, Roundy's and Mariano announced it would purchase 11 Dominick's stores to rebrand them as Mariano's, after Safeway finished closing the chain early in 2014.{{cite news |author1=Maidenberg, Micah |author2=Sweeney, Brigid |author3=Murphy, H. Lee | date = December 2, 2013 | title=Mariano's Buys 11 Dominick's, Whole Foods Said to be Buying 7 |newspaper=Crain's Chicago Business | url=http://www.chicagobusiness.com/article/20131202/NEWS07/131119779/marianos-buys-11-dominicks-whole-foods-said-to-be-buying-7 | access-date=December 19, 2017 }}
On November 11, 2015, Roundy's announced its sale to Kroger, a deal valued at $800 million including debt, which was completed on December 18, 2015. Following completion of the sale, Roundy's retained its headquarters in Milwaukee.{{cite news | last1=Taschler |first1=Joe |last2= Romell |first2=Rick | date = November 11, 2015 | title=Kroger to buy Pick 'n Save Parent Roundy's in $800 Million Deal | newspaper=Milwaukee Journal Sentinel | url=http://archive.jsonline.com/business/kroger-to-buy-pick-n-save-stores-parent-roundys-in-800-million-deal-b99614190z1-345831662.html | access-date=December 19, 2017 }} It was suggested that Kroger primarily was interested in the Mariano's division, which allowed Kroger to enter the Chicago market for the first time. Underlining this, Kroger normally doesn’t acquire chains in financial difficulty; the Roundy's divisions in Wisconsin had been, and continue to be, in decline.
The sale of Roundy's to Cincinnati-based Kroger, about two years after Safeway shut down its Chicago-based Dominick's supermarket chain, selling many of the stores to other operators, was a matter discussed in the regional business press.{{cite news | last=Hajewski | first=Doris | date=March 25, 2007 | title=Industry Experts Say Roundy's Likely Will End Up With Another Private-Equity Firm | newspaper=Milwaukee Journal Sentinel | url=http://www.jsonline.com/business/29450639.html | archive-url=https://web.archive.org/web/20101219192546/http://www.jsonline.com/business/29450639.html | url-status=dead | archive-date=December 19, 2010 | access-date=December 19, 2017 }}
CEO Bob Mariano retired on September 1, 2016.{{cite news |last1=Trotter|first1=Greg| date = July 12, 2016 | title=Bob Mariano To Retire as Roundy's CEO But Will Help as Adviser | newspaper=Chicago Tribune |url=http://www.chicagotribune.com/business/ct-bob-mariano-retires-0713-biz-20160712-story.html | access-date=July 13, 2016}}
Banners and brands
File:Milwaukee August 2022 158 (Pick 'n Save).jpg
Roundy's includes three front-facing brands and one former brand while Roundy's is used mainly as a private label brand.
- Pick 'n Save stores are warehouse food store concept in 1975, but over time with the decline of former competitor Kohl's Food Stores under its A&P ownership and major changes to Piggly Wiggly, now operates as a traditional supermarket chain.
- Metro Market, a smaller-store concept, launched in 2004, prevalent in the Milwaukee and Madison markets, mainly competing with Sendik's, Trader Joe's and Whole Foods Market.
- Mariano's Fresh Market, the same concept as Metro Market in the Chicago market; named for former Roundy's CEO "Chairman" Bob Mariano. Mariano's was launched in 2010.
- Copps Food Centers was acquired by Roundy's in 2001. Several attempts were made to convert those stores to the Pick 'n Save name under Roundy's ownership, which were generally unsuccessful and scattered due to customer sentiment against the rebranding. Kroger finally completed the rebranding of Copps locations to Pick 'n Save in 2017.{{cite web|title=The Buzz: Copps says goodbye|url=http://www.postcrescent.com/story/money/companies/buzz/2016/06/29/buzz-copps-says-goodbye/86519976/|website=Post-Crescent Media|access-date=November 26, 2017}}
References
{{Reflist}}
Further reading
- {{cite news | last = York | first = Emily Bryson | date = February 11, 2013 | title = Former Dominick's CEO Opening More Grocery Stores Here |newspaper=Chicago Tribune |url=https://www.chicagotribune.com/2013/02/11/former-dominicks-ceo-opening-more-grocery-stores-here/| access-date = February 10, 2017}}
External links
- {{Official website}}
{{Supermarkets of the United States}}
{{Kroger}}
Category:Companies based in Milwaukee
Category:Retail companies established in 1872
Category:1872 establishments in Wisconsin