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Tuesday, May 20, 2008

Wegmans Food Markets.


Wegmans Food Markets is the third highest growth companies in the world. Its 1 year Revenues is $4,119(millions). Robert B.Wegman is the currently Chief Executive Officer of wegmans food markets company.
What makes it so great? Shopping is theater at this family-owned 71-store chain. It was named the nation's top supermarket by the Food Network in 2007.
Robert B. Wegman, born in the days when people bought fruits and vegetables from pushcart peddlers, became one of the nation’s most influential and admired leaders in the supermarket industry. He built a successful chain of supermarkets based on the simple idea that it was essential to treat customers and employees right. As the company prospered and Wegman achieved personal success, he channeled dollars back into the community, especially in the area of education and services to youth.
A vigorous champion of new technology, Robert played a leading national role in bringing about one of the most fundamental changes in supermarket technology: development of the Universal Product Code. He also presided over a supermarket chain whose influence as a trendsetter helped improve service and selection throughout the industry. Wegman set his sights on creating a grocery chain that pushed the envelope in customer convenience.
It was, in fact, a speech that Robert Wegman wrote for a 1967 food industry conference in Thailand that became the framework for his company’s operating philosophy. It began: “I am a merchant and I have, therefore, my own philosophy about merchandising. That is: To do something that no one else is doing, and to be able to offer the customer a choice she doesn’t have at the moment.” Some 39 years later, Wegmans employees often refer to the “I am a merchant” speech.
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