Balducci's · Bethesda, MD United States
Company Description
Phone: 240-403-2440
Fax: 240-403-2520
View Balducci's Locations On A US Map
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This link will open in a new window Balducci's has the right ingredients to attract hungry gourmands. The chain operates half a dozen upscale specialty food stores under the Balducci's name in Connecticut, Maryland, New York, and Virginia, The markets offer such fare as fresh pasta, Wagyu beef, and imported cheeses. It also stocks prepared meals and beer and wine. Louis "Pop" Balducci opened the first Balducci's in Brooklyn in 1915 and expanded to Greenwich Village in Manhattan in 1946. In 2009 the private equity firm Irving Place Capital (formerly Bear Stearns Merchant Banking) sold six Balducci's stores to an investor group led by James Demme, senior advisor to the New York City-based investment firm Angelo, Gordon & Co.
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Key Balducci's Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | January |
| Employees | 1,200 |
Balducci's Executives
6 executives listed for Balducci's's Bethesda, MD location.
| Title | Name & Bio | Contact |
| CEO | Barbara Parasco | Network |
| SVP Operations and Asset Protection | Doug Sorenson | Network |
| Group VP Merchandising | Pascal Jubault | Network |
Competition
Competitive Landscape for Balducci's
Consumer spending and tastes drive demand. The profitability of individual companies depends on effective merchandising and the ability to generate store traffic. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by offering specialty products, providing superior service, or serving a local market. The industry is labor-intensive: average annual revenue per worker is about $100,000. Competition includes traditional grocery stores, mass merchandisers, and warehouse clubs. Specialty food stores also compete with any venue serving food, including restaurants. To read the full description, subscribe now.Top Balducci's Competitors
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