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Home > Company Index > Retail > Grocery Retailing > Fareway Stores, Inc.

Fareway Stores, Inc.
 PROFILE
Fareway Stores makes the green through groceries. The supermarket chain operates Fareway stores primarily throughout Iowa but has also expanded into Illinois. Its more than 70 stores average about 23,500 sq. ft. Eschewing such amenities as video rentals, Fareway Stores sticks to the basics -- meat (all cut to order) and groceries only. Former Safeway workers Paul Beckwith and Fred Vitt founded Fareway Stores in 1938; the Beckwith family controls the company. Because of the founders' biblical beliefs, the stores are closed on Sundays, and if you've got a 2 a.m. brisket craving, you're out of luck: Not even shelf-stocking night crews can be found at the stores after hours.

 COMPETITION
Hy-Vee, Inc. (dossier)
IGA, INC. (dossier)
Wal-Mart Stores, Inc. (WMT)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 600.00
1-Yr. Sales Growth: 7.1%
Employees: 4,700
Revenue per employee: $127,659.57

 KEY PEOPLE
• F. William Beckwith
    CEO
• John T. Wassenaar
    CFO

 CONTACT INFO
2300 E. 8th St.
Boone, IA 50036
US
Phone: 515-432-2623
Fax: 515-433-4416

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