Fareway Stores, Inc. · Boone, IA United States
Company Description
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This link will open in a new window Fareway Stores makes the green through groceries. The regional grocery chain operates under the Fareway banner, primarily in Iowa but also in Illinois, Nebraska, and now Minnesota. Its 95 locations average about 25,000 sq. ft. Eschewing such amenities as video rentals and dry-cleaning services, Fareway Stores sticks to the basics -- lots of meat (all cut to order) and groceries only -- counts on low prices and customer service to compete with supercenter operators, such as Wal-Mart . Former Safeway workers Paul Beckwith and Fred Vitt founded Fareway in 1938; the Beckwith family controls the company. Because of the founders' biblical beliefs, the stores are closed on Sundays. To read the full description, subscribe now.
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Key Fareway Stores, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | March |
| Annual Sales (mil.) | $0.0 |
| Employees | 6,500 |
Fareway Stores, Inc. Executives
7 executives listed for Fareway Stores, Inc.'s Boone, IA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | F. William Beckwith | Network |
| President and COO | Fred Greiner | Network |
| CFO | Craig Shepley | Network |
Competition
Competitive Landscape for Fareway Stores, Inc.
Population growth and consumer tastes drive demand. Because margins are low, the profitability of individual companies depends on high volume sales and efficient operations. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, marketing, and finance. Small companies can compete effectively by offering specialty products, serving a local market, or providing superior customer service. Discount stores and warehouse clubs have aggressively pursued the retail grocery market, and Wal-Mart is the largest seller of groceries in the US. Other competition includes specialty food stores, convenience stores, drugstores, dollar stores, and, to some degree, restaurants. To read the full description, subscribe now.Top Fareway Stores, Inc. Competitors
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