Ritchies Stores Explained

Ritchies Stores
Type:Private company
Foundation:1870
Location City:Carrum Downs, Victoria
Location Country:Australia
Locations:78http://www.ritchies.com.au
Key People:Fred Harrison, CEO[1]
Num Employees:6500
Industry:Retail

Ritchies is the largest independent supermarket chain in Australia, owned by a group of private investors, including Metcash. It is also known as "Ritchies Supa IGA". The majority of its stores are located throughout Victoria. Ritchies annual revenue is estimated to be approximately $1.4 billion.

History

Ritchies Stores were founded in 1870 by Thomas Ritchie after surviving the shipwrecked Isabella Watson, the first store opening up in Frankston, Victoria on what is now Nepean Highway.[2]

In 2020, Ritchies' profits doubled over the previous year, following their promotion for consumers to choose local and neighborhood stores over supermarkets in large shopping centers during the coronavirus pandemic.[3] In 2009 Ritchies was ranked the 20th largest Australian retailer.[4]

Loyalty schemes

Ritchies maintains a loyalty program, in which customers nominate a club, school or charity, and the company donates a percentage of the total spend to the customer's nominated organization each time the customer shopped within their stores. As of December 2012, Ritchies had donated over $40 million under the program.[5]

Ritchies also offers a discount at participating BP or United service stations when transactions of over $25 are conducted in-store.[6]

See also

Notes and References

  1. Web site: Company Details. Ritchies Supermarkets.
  2. Web site: Sydney Shipping Gazette Vol. 9, No. 418, p. 93. 3 April 1852. Wreck of the Isabella Watson . 30 April 2010.
  3. Web site: 2020-11-02 . 'Money in the till': Ritchies' profits double but no Metcash deal . 2024-07-31 . Australian Financial Review . en.
  4. Web site: Australia's Top 20 retailer rankings. 9 June 2009. 2010-05-21. Inside Retailing online. dead. https://web.archive.org/web/20100620110926/http://www.insideretailing.com.au/Latest/tabid/53/ID/5551/Australias-top-20-retailer-rankings.aspx. 20 June 2010. dmy-all.
  5. Web site: Donations. 1 August 2009. 2010-05-07. Ritchies Stores. dead. https://web.archive.org/web/20121204042359/http://www.ritchies.com.au:80/donation.asp. 4 December 2012. dmy-all.
  6. Web site: Ritchies Fuel Offer. 1 August 2009. 2010-04-30. Ritchies Stores. dead. https://web.archive.org/web/20100228052148/http://www.ritchies.com.au/fuel_offer.html. 28 February 2010. dmy-all.