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Home > Company Index > Retail > Grocery Retailing > Big V Supermarkets, Inc.
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Big V Supermarkets, Inc. |
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PROFILE |
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Big V Supermarkets can't flash the V sign in its bitter battle with other northeastern grocers, but it "is" changing the signs on its stores. The company runs some 30 grocery stores, mostly in New York's Hudson Valley and in New Jersey. Battered by competition, Big V filed for Chapter 11 bankruptcy protection in late 2000 and said it was ending its distribution agreement with Wakefern Food, the #1 retailer-owned supermarket cooperative. It is also changing the name of its stores, which average about 47,000 sq. ft., from ShopRite to Big V Supermarkets. The company began as a single Victory Supermarket in 1942 and was publicly held until a management-led LBO in 1987. Thomas H. Lee Company bought the Big V chain in 1990.
COMPETITION |
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The Great Atlantic & Pacific Tea Company, Inc. (GAP)
Pathmark Stores, Inc. (PTMK)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 900.00
1-Yr. Sales Growth: 5.0%
Employees: 5,700
Revenue per employee: $157,894.74
KEY PEOPLE |
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James A. Toopes
CEO
Anthony J. Moccio
CFO
CONTACT INFO |
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176 N. Main St.
Florida, NY 10921
US
Phone: 845-651-4411
Fax: 845-651-7048
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