Publix Business Analysis Part 1 and 2
On April 19, 1930 in Winter Haven, Florida; George Jenkins founded a private employee-owned American market. Publix Super Markets, Inc. (Publix) is one of the largest regional supermarket grocery chains in the United States. According to Fortune magazine in 2011 it is one of the top 100 Best Companies to work for ("Fortune", 2012). Earning even more accolades in 2011 Forbes ranked Publix as the No. 6 on the list of as one of the best largest private companies in the United States to work for. The company has a great reputation for providing a great shopping atmosphere, outstanding customer service, and taking care of its employees. This type of dedication to the customer and employees can be seen in the company sales which totaled $27.1 billion in 2011 and profits which were estimated to be $1.5 billion. With these sales figures in place Publix ranks #106 out of 500 of Fortune top American companies. Currently Publix based on 2011 figures Publix is the 14th largest retailer in the United States. Publix and its subsidiaries number 1 function is the selling and operating food supermarkets in the Southeast. Its main base of operations is the state of Florida. They also have stores located in Tennessee, Georgia, Alabama, and South Carolina. The chain has also branched out into the following product lines which include national and private labels; these are health and beauty aids, pharmacy, flowers (floral arrangements), and general merchandise products. Competition and Financial Health
Even though Publix is a private owned company is has a market share of 40% just in Florida alone. This directly affects other companies in the region such as Winn Dixie and Wal Mart which are direct competitors. Winn Dixie is also based in the southeast US with Florida as its home base. Winn Dixie has been around for since the 1920s and started expanding around 1955. Recently the company has come back from bankruptcy and is labeled one of the "Top 75 North American Food Retailers" based on 2009 fiscal year estimated sales of $7.3 billion by Supermarket News and was ranked the 43rd largest retailer in the United States based on 2006 revenues by Stores magazine Winn-Dixie currently operates 485 stores in the Southeast and has about 63,000 employees. In 2002 and 2003 the worst performing stock in the S&P 500 belonged to Winn Dixie. Some serious changes had to be made. The decision was that 156 out of over 1,000 stores had to be closed. The tough decision forced 111 chains located in the Midwest, which 20 of them operated under the Thriftway name which Winn Dixie had purchased around 1995. Atlanta also lost 40 Winn Dixie’s, which operated under the Save Rite name were closed, and 3 other states were affected they included Virginia, North and South Carolina. With strong competition from the expanding Publix and Wal-Mart, Winn Dixie filed for bankruptcy on February 22, 2005. Doing so resulted in the loss of over 22,000 jobs more store closings or complete sales of the stores all together. After some tough times, Winn Dixie reemerged from what seemed like a bottomless pit with a much stronger financial health. Winn Dixie began to incorporate some of Publix’s core principles. They focused on modernization and customer service. In December 2011, BI-LO agreed to buy Winn Dixie and make it a subsidiary and in 2012 it became part of BI-LO holdings and continues to make an increase in profit while expanding at a slower rate. Wal-Mart on the other had is the biggest baddest bully on the block. Wal-Mart is the global markets market. Wal-Mart brand is known worldwide. Founded 1n 1962 by Sam Walton as a Five and Dime store, Wal-Mart in the largest grocery retailer in the United States. In 2009 alone Wal-Mart generated 51% of its US$258 billion sales from the grocery business. Wal-Mart currently has “Supermarts” that these stock everything a Wal-Mart discount store does, and also includes a full-service...
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