Wegmans is considered one of the best grocery store chains due to its friendly employees, innovative store environments, and high-quality products. The document discusses how Wegmans offers a better overall shopping experience compared to competitors like Harris Teeter and Walmart through well-lit stores, locally-sourced fresh and generic products, and reasonable prices. Wegmans also prioritizes small details like using real sugar instead of high fructose corn syrup. The friendly, knowledgeable employees and community-focused company culture are believed to be the main reasons for Wegmans' success.
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
Wegman and whole food strategic business plan
1. Wegmans is way ahead of all its competitors because of the total experience it offers during each
shopping trip. I think the main thing is the lighting. Instead of surgical flourescent lighting like
most stores (Harris Teeter), Wegmans offers lighting that, while still easy to see, would be okay
for a get together with friends. Also, their generic brand and fresh products they make are
excellent. The way the products are packaged and marketed too, make for a visually stimulating
shopping experience. Everything is so innovative. Also, while the prices aren't as low as
Walmart, you don't feel like you are getting ripped off. You feel like you are paying the right
price for a good product. I don't live near a Wegmans currently, but on a recent trip I stopped
into one, I just happened upon something as simple as Wegmans BBQ sauce, the ingredients
contain real sugar, not HFCS, which every other generic and name-brand sauce contains. So just
little details like that, plus the fact that they try and stock local products and produce much more
than any other chain I have ever been too.
Read more:
http://wiki.answers.com/Q/What_differentiates_Wegmans_Food_Market_from_other_grocery_st
ores#ixzz1iLysNDUv
Market Report, "Wegmans Food Markets, Inc. - Strategic SWOT
Analysis Review", published
Print article
Refer to a friend
2011-12-31 20:40:29 - New Retailing market report from GlobalData: "Wegmans Food
Markets, Inc. - Strategic SWOT Analysis Review"
Wegmans Food Markets, Inc. - Strategic SWOT Analysis Review
Summary
Wegmans Food Markets, Inc. (Wegmans), formerly Rochester Fruit & Vegetable Company, is
the regional supermarket chain involved in retailing of food, cosmetics and related accessories.
The company operates a chain of 79stores in New York, Pennsylvania, New Jersey, Northern
Virginia, Maryland and Massachusetts states of the US. The company's product line comprises
beverages, grocery items, sea food items, bakery supplies, floral products, cosmetics, seasonal
food, Pharmacy, gift cards, Dairy, Personal care, Floral,Pastries, and restaurants. In addition,
Wegmans also provides cookware, tableware and accessories. It also runs a full-service Website
that offers recipes and meal ideas, cooking techniques, party planning information and gift
ordering services. The company offers its merchandise through its wholly
2. Report Table of Contents:
Table of Contents
Table of Contents
List of Tables
Section 1 - About the Company
Wegmans Food Markets, Inc. - Key Facts
Wegmans Food Markets, Inc. - Key Employees
Wegmans Food Markets, Inc. - Key Employee Biographies
Wegmans Food Markets, Inc. - Major Products and Services
Wegmans Food Markets, Inc. - History
Wegmans Food Markets, Inc. - Locations And Subsidiaries
Head Office
Other Locations & Subsidiaries
Section 2 - Company Analysis
Wegmans Food Markets, Inc. - Business Description
Wegmans Food Markets, Inc. - SWOT Analysis
SWOT Analysis - Overview
Wegmans Food Markets, Inc. - Strengths
Strength - Diversified Product Portfolio
Strength - Recognition for Standards
Strength - Strong Foothold in the US Market
Wegmans Food Markets, Inc. - Weaknesses
Weakness - Product Recalls
Weakness - Limited Geographical Concentration
Wegmans Food Markets, Inc. - Opportunities
Opportunity - Growing Organic Foods Industry
Opportunity - Growing Opportunities in e-tailing
Opportunity - Freezing of Prices
Wegmans Food Markets, Inc. - Threats
Threat - Highly Competitive Market
Threat - Perishable Goods
Threat - Organised Shoplifting
Wegmans Food Markets, Inc. - Key Competitors
Wegmans Food Markets, Inc., Recent Deals Summary
Section 3 - Appendix
Methodology
About GlobalData
Contact Us
Disclaimer
3. List of Tables
Wegmans Food Markets, Inc., Key Facts
Wegmans Food Markets, Inc., Key Employees
Wegmans Food Markets, Inc., Key Employee Biographies
Wegmans Food Markets, Inc., Major Products and Services
Wegmans Food Markets, Inc., History
Wegmans Food Markets, Inc., Other Locations
Wegmans Food Markets, Inc., Key Competitors
Wegmans Food Markets, Inc., Recent Deals Summary
About GlobalData
GlobalData is a leading provider of global business intelligence including market, competitor, product
and customer information. It provides in-depth research, analysis, data and forecasts through a range of
interactive online databases, reports and management briefings. GlobalData has a large team of
experienced research and analysis, consulting, and marketing experts. It has a global presence, including
key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market
intelligence data and analysis and a highly experienced senior management team. View more research
from GlobalData at www.fastmr.com/catalog/publishers.aspx?pubid=1015
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business
information. We represent the world's top research publishers and analysts and provide quick and easy
access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at
www.fastmr.com or call us at 1.800.844.8156.
4. Our Core Values
The following list of core values reflects what is truly important to us as an organization. These
are not values that change from time to time, situation to situation or person to person, but rather
they are the underpinning of our company culture. Many people feel Whole Foods Market is an
exciting company of which to be a part and a very special place to work. These core values are
the primary reasons for this feeling, and they transcend our size and our growth rate. By
maintaining these core values, regardless of how large a company Whole Foods Market
becomes, we can preserve what has always been special about our company. These core values
are the soul of our company.
Selling the Highest Quality Natural and Organic Products Available
Satisfying and Delighting Our Customers
Supporting Team Member Happiness and Excellence
Creating Wealth Through Profits & Growth
Caring about our Communities & Our Environment
Creating ongoing win-win partnerships with our suppliers
Promoting the health of our stakeholders through healthy eating education.
Selling the Highest Quality Natural and Organic Products Available
Passion For Food
We appreciate and celebrate the difference natural and organic products can make in the quality
of one's life.
5. Quality Standards
We have high standards and our goal is to sell the highest quality products we possibly can. We
define quality by evaluating the ingredients, freshness, safety, taste, nutritive value and
appearance of all of the products we carry. We are buying agents for our customers and not the
selling agents for the manufacturers.
Satisfying and Delighting Our Customers
Our Customers
They are our most important stakeholders in our business and the lifeblood of our business. Only
by satisfying our customers first do we have the opportunity to satisfy the needs of our other
stakeholders.
Extraordinary Customer Service
We go to extraordinary lengths to satisfy and delight our customers. We want to meet or exceed
their expectations on every shopping trip. We know that by doing so we turn customers into
advocates for our business. Advocates do more than shop with us, they talk about Whole Foods
to their friends and others. We want to serve our customers competently, efficiently,
knowledgeably and with flair.
Education
We can generate greater appreciation and loyalty from all of our stakeholders by educating them
about natural and organic foods, health, nutrition and the environment.
Meaningful Value
We offer value to our customers by providing them with high quality products, extraordinary
service and a competitive price. We are constantly challenged to improve the value proposition
to our customers.
Retail Innovation
We value retail experiments. Friendly competition within the company helps us to continually
improve our stores. We constantly innovate and raise our retail standards and are not afraid to try
new ideas and concepts.
Inviting Store Environments
We create store environments that are inviting and fun, and reflect the communities they serve.
We want our stores to become community meeting places where our customers meet their
friends and make new ones.
6. back to top
Supporting Team Member Excellence and Happiness
Empowering Work Environments
Our success is dependent upon the collective energy and intelligence of all of our Team
Members. We strive to create a work environment where motivated Team Members can flourish
and succeed to their highest potential. We appreciate effort and reward results.
Self-Responsibility
We take responsibility for our own success and failures. We celebrate success and see failures as
opportunities for growth. We recognize that we are responsible for our own happiness and
success.
Self-Directed Teams
The fundamental work unit of the company is the self- directed Team. Teams meet regularly to
discuss issues, solve problems and appreciate each others' contributions. Every Team Member
belongs to a Team.
Open & Timely Information
We believe knowledge is power and we support our Team Members' right to access information
that impacts their jobs. Our books are open to our Team Members, including our annual
individual compensation report. We also recognize everyone's right to be listened to and heard
regardless of their point of view.
Incremental Progress
Our company continually improves through unleashing the collective creativity and intelligence
of all of our Team Members. We recognize that everyone has a contribution to make. We keep
getting better at what we do.
Shared Fate
We recognize there is a community of interest among all of our stakeholders. There are no
entitlements; we share together in our collective fate. To that end we have a salary cap that limits
the compensation (wages plus profit incentive bonuses) of any Team Member to nineteen times
the average total compensation of all full-time Team Members in the company.
back to top
Creating Wealth Through Profits & Growth
7. Stewardship
We are stewards of our shareholders' investments and we take that responsibility very seriously.
We are committed to increasing long term shareholder value.
Profits
We earn our profits every day through voluntary exchange with our customers. We recognize
that profits are essential to creating capital for growth, prosperity, opportunity, job satisfaction
and job security.
Caring About Our Communities & Our Environment
Sustainable Agriculture
We support organic farmers, growers and the environment through our commitment to
sustainable agriculture and by expanding the market for organic products.
Wise Environmental Practices
We respect our environment and recycle, reuse, and reduce our waste wherever and whenever we
can.
Community Citizenship
We recognize our responsibility to be active participants in our local communities. We give a
minimum of 5% of our profits every year to a wide variety of community and non-profit
organizations.
Integrity In All Business Dealings
Our trade partners are our allies in serving our stakeholders. We treat them with respect, fairness
and integrity at all times and expect the same in return.
back to top
Creating ongoing win-win partnerships with our suppliers
Integrity in All Business Dealings
Our supplier partners are our allies in serving the interests of our other stakeholders in bringing
to market the safest highest quality products available. We treat them with respect, fairness and
integrity at all times and expect the same in return. We seek supplier partnerships that share our
concern for social responsibility and the environment.
8. Honesty and Communication
We are committed to honesty, timeliness and clarity in communicating with our suppliers and we
expect the same in return.
Transparency
We seek to create transparency from “farm to fork” with respect to production, planning,
sourcing, ingredients, product safety and efficacy in order to bring to market the safest highest
quality products available. We work with our supplier partners in eliminating all unnecessary
production and distribution costs to help ensure the best possible price.
Education
We partner with our suppliers to educate, inspire and communicate the outstanding quality and
benefits of our products to promote a lifestyle of health, balance and well-being.
Innovation/Differentiation
We foster supplier partnerships that enable us to remain at the forefront of the retail food
industry, by creating new, unique and innovative products.
Promoting the health of our stakeholders through healthy eating education
Education
Healthy eating is a basic foundation for optimum health and well-being. By providing healthy
eating education we inspire and empower our stakeholders to make the best health-supportive,
delicious food choices to maximize personal health and vitality. At Whole Foods Market, we
believe that focusing on the following four pillars of healthy eating offers the greatest health
benefits:
Whole Food
Choose foods that are whole, fresh, natural, organic, local, seasonal and unprocessed.
Eliminate the consumption of refined, highly processed foods and foods void of nutrients, such
as artificial flavors, colors, preservatives, sweeteners and hydrogenated fats.
Plant-Strong™ / Reconfiguring the Plate:
No matter what type of diet you follow, including those that incorporate dairy, meat and/or
seafood – eat more plants, like raw and cooked vegetables, fruits, legumes and beans, nuts,
seeds and whole grains.
Eat a colorful variety of plants to ensure you're getting the best nutrients for your body, which
leads to feeling satiated.
9. Healthy Fats
Get your healthy fats from plant sources, such as nuts, seeds and avocados.
Minimize extracted oils and processed fats.
If eating a diet that includes animal products, choose leaner meats and seafood as well as low-
fat dairy products.
Nutrient-Dense
Choose foods that are rich in nutrients when compared to their total caloric content, also known
as foods with a high nutrient density.
Build your menus around plant-based foods to ensure highly micro-nutrient-dense meals.
Choose foods with a wide spectrum of vitamins, minerals, phytonutrients and antioxidants.
Look for the Aggregate Nutrient Density Index (ANDI) scoring system in the store to guide you
on healthier choices.
back to top
More About Us
Our Core Values
Declaration of Interdependence
Our Quality Standards
Sustainability and Our Future
COMPANY INFO
About Whole Foods Market
U.S. National Offices
Regional Offices
Leadership Team
Board of Directors
John Mackey's Blog
Walter Robb's Updates
Core Values
Company History
Community Giving
Real Estate
Investor Relations
Press Room
Careers
Info for Potential Vendors
Info for Current Vendors
Customer Service
10. Why Wegmans is the BEST: Reason #1
Friendly people work there.
It’s really as simple as that. I keep going back to Wegmans because I swear THE friendliest
people on the planet work there. And it doesn’t matter which one you go to because they’re all
the same. Smiling.Happy.Helpful.Caring. Smart. Charismatic. This all leads me to wonder, why
are they ALL like this? Is it the fair wages or the great benefits? Maybe, but I have a hunch that
says it’s in the leadership.
Wegmans has appeared on FORTUNE’s Best Place to Work list every year since it was first
published in 1998 and has ranked among the top 10 for six consecutive years.
“Every one of our employees and our customers should stand up and take a bow, because
together they make Wegmans a special place. Whenever I’m in one of our stores, customers stop
to tell me how much they appreciate our employees. You can imagine how great that makes our
people feel and why they enjoy coming to work everyday,” says Wegmans CEO Danny
Wegman.
Wegmans’ 5 core values enable them to hit this list every year.
1. Caring
2. Respect
3.High Standards
4.Making a Difference
5. Empowerment
This post marks the beginning of my (most likely endless) Why Wegmans is the best!series. Feel
free to submit your thoughts which (if they’re good enough) could be selected to be included in
this series and stay tuned for reason #2!
Quick Facts
Celebrating Our Successes:
In 1991, President George H.W. Bush awarded the American Business Press Points of Light
Award to Robert Wegman for the Work Scholarship Connection.
In 2003, the National Youth Employment Coalition recognized the Work Scholarship Connection
with its PEPNet award, a recognition given to the strongest youth programs in the country.
In 2005 we received the Loudoun Chamber of Commerce FAME award in recognition of the
kindness and consideration displayed to customers and employees with disabilities.
11. In 2006, Wegmans received the Champion of Diversity award from Supermarket News for
programs and strategies that advance diversity in the workplace.
In 2007, we received the FMI People Maxx award for our youth leadership program.
In 2008, Wegmans received the Youth Latina Leadership Award from Latinas Unidas for our
youth leadership intern program.
In 2008, Wegmans was recognized by the Latinas Unidas for our commitment to and partnership
with the organization and was one of fifteen companies awarded a Corporate Honorary Award.