About Wegmans Food Markets, Inc.
One name strikes fear in the hearts of supermarket owners in New York, New Jersey, Pennsylvania, Virginia, Maryland, and Massachusetts: Wegmans Food Markets. The regional grocery chain owns almost 90 stores, but they are hardly typical. Much larger than most supermarkets (up to 140,000 sq. ft.), each store offers up to 70,000 products and house huge in-store cafes, cheese shops with some 300 different varieties, sub shops, and French-style pastry shops. The company is known for its gourmet cooking classes and an extensive employee-training program. Founded in 1916, Wegmans now boasts revenues of nearly $8 billion and is one of the largest private companies in the US. The grocery chain is owned and run by the family of founder John Wegman.
Rochester, New York-based Wegmans Food Markets operates more than half (46) of its 88 stores in its home state. Pennsylvania is next with about 17 stores. The rest of its stores are in New Jersey, Virginia, Maryland, and Massachusetts.
Wegman's addition of new stores in new markets has spurred several consecutive years of sales growth. Indeed, Wegman's sales have jumped more than 27% since 2011, from $6.2 billion to $7.9 billion during 2015.
Wegmans has been entering new markets in recent years to boost sales. In late 2015, the chain planned to open a new store in Lancaster, Pennsylvania, as well as two more Wegmans stores out of a handful of existing stores in Massachusetts in Natick and Westwood. During 2014 it entered the Richmond, Virginia market with two new stores and opened two more stores in Massachusetts (which it first entered in 2011) in Cherry Hill and Burlington.
The upscale regional grocery chain, which aims to deliver a shopping experience more akin to a European open-air market than a traditional supermarket, has also benefited from the recovering US economy. Key to Wegmans' success is its competitive pricing, mostly on its popular private-label products. The retailer's aggressive private-label strategy includes frequent product updates and innovation. Wegmans recently introduced a line of gluten-free private-label items, including pasta and cake mixes.
Wegmans ranked 33rd on the 2015 Supermarket News list of Top 75 Supermarkets based on sales volume. The chain is not only popular with shoppers, but also with employees. The company has landed on FORTUNE magazine's list of the "100 Best Companies to Work For," in each of the past 18 years and captured the #7 spot in 2015. It was ranked #1 in 2005.
1500 BROOKS AVE
Rochester, NY 14624-3589
Phone: 1 (585) 328-2550
Employer Type: Privately Owned
SVP Store Operations: Jack DePeters
Chairman: Daniel R. Wegman
President and CEO: Colleen Wegman
Employees (This Location): 2,300
Employees (All Locations): 45,000
Chestnut Hill, MA
Owings Mills, MD
Cherry Hill, NJ
Mount Laurel, NJ
East Rochester, NY
East Syracuse, NY
Johnson City, NY
Niagara Falls, NY
West Seneca, NY
Glen Mills, PA
King Of Prussia, PA
North Wales, PA
State College, PA
Wilkes Barre, PA