WINCO FOODS BRINGING TWO STORES IN MARCH TO LAS VEGAS, OFFERING GROCERIES AT DISCOUNT PRICES
Both stores will occupy about 94,000 square feet when finished. The company employs about 14,000 people in it's 82 stores Washington, Idaho, Southern Calif. and Utah and has operated 2 stores in Reno since 1994.
The company's business model compares with Walmart's, which a spokesman said is Winco's largest competition.Winco requires neither membership or store reward cards. A private research analyst said, "Winco should do very well in Southern Nevada."
Because Winco is an employee-owned company,morale tends to be higher than more traditional grocery retailers. "Employees will be a lot more engaged with the shoppers."
Winco Foods, which bills itself as the Supermarket low price leader, was founded in 1967 in Boise, Idaho, and is listed at 66 in Forbes 500 privately held companies in 2011.
A Winco spokesman said, "because of the economic downturn, he predicts customers will respond to the low-price business model."
"Our format is going to be more appealing compared to Albertsons, Fresh and Easy or Smiths." With Albertsons and Fresh and Easy closing stores in other markets, Winco just makes another dent in both brands.