Roundy's Explained

Roundy's Supermarkets
Type:Subsidiary
Industry:Retail (Grocery)
Locations:151
Num Employees:14,000 (2021)
Area Served:Wisconsin and Illinois
Products:Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks
Revenue:US$ 3.5 billion (2021)
Parent:Kroger
Location City:Milwaukee, Wisconsin

Roundy's Supermarkets (also known as Roundy's) is an American supermarket operator. It owns and operates stores under the names of Pick 'n Save, Metro Market, and Mariano's Fresh Market. The chain is a subsidiary of Kroger. Roundy's operates 149 supermarkets and 107 pharmacies throughout the states of Wisconsin and Illinois.[1] Based on fiscal year 2012 sales, Roundy's was the 37th largest grocery store chain[2] and the 89th largest retailer in the United States.[3] As of December 2015, Roundy's became a subsidiary of Kroger of Cincinnati, Ohio.[4]

Roundy's operates food production facilities in Kenosha and other locations and has two main distribution centers in Mazomanie and Oconomowoc, Wisconsin.

The company began trading on the New York Stock Exchange on February 8, 2012,[5] and ceased trading on December 18, 2015, when it became a subsidiary of Kroger.

History

The company was founded in 1872 in Milwaukee as Smith, Roundy & Co. by William E. Smith, Judson Roundy and Sidney Hauxhurst.

Roundy's was a major warehouse distributor to non-company supermarkets, including IGA, but it moved out of the wholesale market to focus on retail.[6]

Roundy's was taken private in 2002 through purchase by the Chicago private-equity firm Willis Stein & Partners.[7]

Roundy's took the company public via an initial public offering (IPO) in 2012, posting an initial share price of $8.50 per share.[8]

Beginning in 2002, the CEO of the corporation was Robert "Chairman Bob" Mariano,[9] who had been the CEO of Dominick's prior to Dominick's sale to Safeway in 1998.[10]

On December 2, 2013, Roundy's and Mariano announced it would purchase 11 Dominick's stores to rebrand them as Mariano's, after Safeway finished closing the chain early in 2014.[11]

On November 11, 2015, Roundy's announced its sale to Kroger, a deal valued at $800 million including debt, which was completed on December 18, 2015. Following completion of the sale, Roundy's retained its headquarters in Milwaukee.[12] It was suggested that Kroger primarily was interested in the Mariano's division, which allowed Kroger to enter the Chicago market for the first time. Underlining this, Kroger normally doesn’t acquire chains in financial difficulty; the Roundy's divisions in Wisconsin had been, and continue to be, in decline.

The sale of Roundy's to Cincinnati-based Kroger, about two years after Safeway shut down its Chicago-based Dominick's supermarket chain, selling many of the stores to other operators, was a matter discussed in the regional business press.[13]

CEO Bob Mariano retired on September 1, 2016.[14]

Banners and brands

Roundy's includes three front-facing brands and one former brand while Roundy's is used mainly as a private label brand.

Further reading

Notes and References

  1. Web site: Roundy's Supermarkets, Inc. . 14 December 2022 . LinkedIn.
  2. Web site: Top 75 Retailers & Wholesalers. supermarketnews.com. February 10, 2017.
  3. Web site: Schulz . David P. . June 26, 2012 . Top 100 Retailers 2012 . NRF.com . Washington, DC . National Retail Federation (NRF) . February 10, 2017. See also the attached listing to that article.
  4. News: Taschler . Joe . December 18, 2015 . Kroger Completes Acquisition of Roundy's . Milwaukee Journal Sentinel . April 25, 2006 .
  5. Web site: Roundy's, Inc. - Investor FAQs . February 10, 2017 . corporate-ir.net.
  6. News: Hajewski, Doris . March 25, 2007 . Industry Experts Say Roundy's Likely Will End Up With Another Private-Equity Firm . Milwaukee Journal Sentinel . https://web.archive.org/web/20101219192546/http://www.jsonline.com/business/29450639.html . dead . December 19, 2010 . December 19, 2017 .
  7. News: Gallun. Alby. Willis Stein picks up Roundy's. Crain's Chicago Business. April 10, 2002. December 19, 2017.
  8. Web site: Cowan. Lynn. Roundy's trading up 3.5% after cutting IPO price. Market Watch. December 19, 2017.
  9. News: Content . Thomas . April 10, 2002 . Chicago firm to buy Roundy's . 01 . . registration . November 24, 2023 . NewsBank.
  10. News: Daykin . Tom . March 19, 2003 . Roundy's ends fiscal year with higher sales, profits . 03 . . registration . November 24, 2023 . NewsBank.
  11. News: Maidenberg, Micah . Sweeney, Brigid . Murphy, H. Lee . December 2, 2013 . Mariano's Buys 11 Dominick's, Whole Foods Said to be Buying 7 . Crain's Chicago Business . December 19, 2017 .
  12. News: Taschler . Joe . Romell . Rick . November 11, 2015 . Kroger to buy Pick 'n Save Parent Roundy's in $800 Million Deal . Milwaukee Journal Sentinel . December 19, 2017 .
  13. News: Hajewski . Doris . March 25, 2007 . Industry Experts Say Roundy's Likely Will End Up With Another Private-Equity Firm . Milwaukee Journal Sentinel . https://web.archive.org/web/20101219192546/http://www.jsonline.com/business/29450639.html . dead . December 19, 2010 . December 19, 2017 .
  14. News: Trotter. Greg. July 12, 2016 . Bob Mariano To Retire as Roundy's CEO But Will Help as Adviser . Chicago Tribune . July 13, 2016.
  15. Web site: The Buzz: Copps says goodbye. Post-Crescent Media. November 26, 2017.

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