WinCo Foods, a discount supermarket chain, is planning its expand its territory to include Texas, and the competition is quaking in their cowboy boots. Not only does WinCo consistently undersell its rivals, but the employee-owned corporation has produced more than a few millionaire sales clerks.
The Idaho-based company, which currently operates 98 stores in eight states, employs many of the same strategies used by the retail giants Walmart and Costco: eliminating middle-man costs, buying in enormous quantities, all that good stuff. The difference is WinCo pays its 14,000 workers $11-$20 an hour, provides health and dental insurance for even part-timers, and invests 20 percent of the each person’s salary in a profitable pension plan. In one store the 130 cashiers, display builders and shelf stockers have a combined retirements savings of about $100 million.
Supermarket-retailing-industry expert Burt Flickinger III, a member of the Strategic Resource Group, recently commented:
“WinCo arguably may be the best retailer in the western U.S. WinCo is really unstoppable at this point. They’re Walmart’s worst nightmare.”
Where Costco has a reputation for decent wages and benefits, the billionaires who run Walmart pay their slaves $8 an hour, offer no or minimal benefits and will be forcing more than one million employees to work on Thanksgiving Day. Walmart workers are now faced with the dilemma that they cannot afford to comply with the newly implemented dress code.
Folks at Team WinCo, on the other hand, have very few gripes about their gigs. They work hard and are rewarded with financial security. Currently located in western states, the chain hopes to expand to the south and east. Experts predict the within the next six years the company will double in size, and double again six to seven years after that.