WinCo Foods Buys Site In Fort Worth
WinCo Foods has purchased 12.5 acres in south Fort Worth, Texas, to build a store that should open in 2014.
The Boise, Idaho-based retailer will have several stores in the Dallas-Fort Worth area, according to Mike Read, the employee-owned company’s VP of public and legal affairs, who spoke to the Star-Telegram. He said WinCo is looking at other sites in the metroplex.
WinCo operates large stores with a wide selection of national brands, and is extremely competitive on price. The stores are open 24 hours and have 18 checkout lanes. Shoppers bag their own groceries and self-checkout lanes will be available in the new store, the paper reports.
“Our real focus and our primary goal is to be the low-price supermarket in every area we operate in,” Read told the paper.
The store will be 94,000 s.f. and employ about 200 full-time and part-time workers. Construction is expected to begin this summer, and it will take about nine months to build the store.
Being employee-owned, the workforce is “extremely dedicated,” the company’s website (www.wincofoods.com) says. Employees have seen their stock ownership plan grow at a 21.51 percent annual compound growth rate.
The company has 86 stores in Washington, Idaho, Nevada, California and Oregon (hence WinCo, though the retailer now says it is short for “winning company”) and expanded into Utah in 2009. The Utah expansion marked the first since the ESOP was put in place in 1985.
WinCo made its Arizona debut last year.