Publix Super Market Inc.: Good Reputation and Firm Mission

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Publix Super Market Inc., a food and drug retailer is one of the fastest growing employee-owned grocery store chains in the United States. The privately held company began 1930 in Winter Haven, Florida by George W. Jenkins. Since the company’s start, Publix has continued to grow and as of 2013, it ranked 108 on the Fortune 500 list. Likewise, Publix had revenue of 27,706.8 million and profits of 1,552.3 million. Publix’s current stock price is $30.00 per share and the number of shares of common stock outstanding as of Feb. 5, 2013 was 773, 972,000 (Publix.com). The company has stores located in Florida, Georgia, Alabama, Tennessee and South Carolina with the majority of the stores being located in its home state of Florida. In the 83 years in which Publix has been around, the company has made many changes and improvements to help build a good company reputation. Publix has been involved in equal opportunity and labor issues but the company’s commitment to employee, food and service quality, and their mission statement, has earned the company a good reputation and a competitive edge. How a company treats its employees is vital to its reputation. Over the years, Publix relationship with its employees has improved. Currently Publix describes its employee relationships as good. Publix employs approximately 163,000 full-time and part-time employees with the pay ranging from $8.00 for a cashier to 1.1 million for William E. Crenshaw, Chief Executive Officer. Additionally, employee benefits include employee stock ownership, annual holiday bonus, 401(k) retirement plan, tuition reimbursement, dental, vision, and health. The highest paid employees are board of directors, which comprises of nine people. Three of which are George W. Jenk... ... middle of paper ... ...h the stores are located in the south, the business is expanding its chain and opening stores in North Carolina in 2014. Publix has used its commitment to employees and consumers to differentiate itself in food retail market. Its biggest competitors are CVS, Kroger, Walgreens, and Wal-Mart. By staying committed to its mission and providing quality goods and service to customers, Publix has been able to maintain and build a good company reputation. In addition, the company has influenced the communities in which their stores are located by donating food to churches and to charities. Publix is involved with charities such as Food For All, Untied Way, Special Olympics, March of Dimes, and Children’s Miracle Network. With its high quality goods and service, and charitable donations, the company has earned a good reputation, especially in its hometown of Florida.

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