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Home > Company Index > Retail > Grocery Retailing > Kings Super Markets, Inc.
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Kings Super Markets, Inc. |
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PROFILE |
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Kings Super Markets is feeling a little less regal now that its struggling parent, UK retailer Marks and Spencer, has decided to sell the chain (again). Kings has more than 25 upscale grocery stores in northern New Jersey and two in New York. The company is testing a Fresh Ideas store, which is about one-tenth the size of Kings' largest supermarkets and competes with restaurants and take-out stores by offering fresh foods, baked goods, and prepared meals. Founded in 1936, Kings was bought by Marks and Spencer in 1988. The chain was put on the block in 1999, but in 2000 Marks and Spencer opted to keep Kings; the parent announced in 2001 it would again put Kings up for sale.
COMPETITION |
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The Great Atlantic & Pacific Tea Company, Inc. (GAP)
Big V Supermarkets, Inc. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2001 Sales (mil.): 443.40
1-Yr. Sales Growth: 1.8%
Employees: 2,600
Revenue per employee: $170,538.46
KEY PEOPLE |
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Alan C. Levitan
CEO
CONTACT INFO |
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700 Lanidex Plaza
Parsippany, NJ 07054
US
Phone: 973-463-6300
Fax: 973-463-6512
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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