PROFILE |
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When it comes to grocery chains, Trader Joe's isn't your average Joe. With more than 155 stores in 14 West and East Coast states, the company offers upscale grocery fare such as health foods, organic produce, and nutritional supplements. To keep costs down, its stores have no service departments and average about 9,000 sq. ft. (and thus have a much more limited selection than typical supermarkets). The company's specialty is its line of more than 800 private label products, including beverages, soap, snacks, and frozen meals. Started by Joe Coulombe as a Los Angeles convenience store chain in 1958, the company was bought in 1979 by German billionaires Karl and Theo Albrecht, who also own the ALDI food chain.
COMPETITION |
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Safeway Inc. (SWY)
Whole Foods Market, Inc. (WFMI)
Wild Oats Markets, Inc. (OATS)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 1,000.00
1-Yr. Sales Growth: 5.3%
Employees: 4,500
Revenue per employee: $222,222.22
KEY PEOPLE |
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John Shields
CEO
Randy Scoville
CFO
CONTACT INFO |
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538 Mission St.
South Pasadena, CA 91031
US
Phone: 626-441-1177
Fax: 626-441-9573
Online: Web Site
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