Ed Crenshaw
|
 |
Taking the wheel as chief executive officer in a time of economic hardship was no easy feat for Publix Super Market’s Ed Crenshaw. But he has steered the ship well during his first year, acquiring 49 Albertsons stores, reopening 33 of them and taking the Lakeland, Fla.-based retailer past its 1,000-store milestone.
“2008-2009 have been tough economic years,” said spokeswoman Maria Brous. “We continue to make plans that will guide us through the recession and beyond.”
 |
 |
The largest employee-owned supermarket chain in the U.S. commanded $23.9 billion in retail sales during 2008 and has a current employee count of more than 139,500. By growing through acquisitions, the retailer did not have to eliminate positions, Brous said.
“We have continued to expand in tough economic times and are privileged to say that we have created jobs with our growth as opposed to laying off associates.”
Publix ranked No. 31 for salaried employees and No. 78 for hourly employees on Fortune’s Big Pay list. It also ranked No. 32 on Fortune’s Best Large-Sized Company list.
While first-quarter 2009 sales were $6.4 billion, a 2.2% increase from last year’s $6.2 billion, comparable-store sales declined 2.8 percent. “Our costs are continuing to rise while many customers are struggling to make ends meet,” Crenshaw said in a statement last fall.
In the past year, Publix has implemented aggressive promotions in an effort to offer customers value with its budget-friendly meal deals and Essentials program where key products like bathroom tissue, milk and produce are discounted, sometimes as much as 20%. The retailer also has regular buy-one, get-one-free items featured in weekly ads.
— Amy Sung
Recent articles on Ed Crenshaw
You searched for: Ed Crenshaw |
Publix Sales, Earnings Up in Q3
LAKELAND, Fla. - Publix Super Markets here said Tuesday that its profits rose in double digits for the third fiscal quarter, buoyed by a 4.3% gain in comparable-store sales.
Rigorous Training Keys Food Safety Efforts at Publix
LAKELAND, Fla. — For retailers, food safety is often a matter of training workers how to handle and store food properly. And few retailers do that as rigorously and comprehensively as Publix Super Markets here, winner of SN’s 2011 Food Safety Innovation Award.
Publix Posts Q2 Sales, Profit Gains
LAKELAND, Fla. — Publix Super Markets here on Monday said its second-quarter net income was up 9.7%, to $382.4 million, as comparable-store sales rose 4.2%.
2011 Power 50: No. 12 ED CRENSHAW
CEO/Publix Super Markets KEY DEVELOPMENTS: Closed 40 Little Clinics and sold its Crispers restaurant chain. WHAT'S NEXT: Reinvestment in current locations and technology. Despite Publix Super Markets posting record earnings in fiscal 2010, Ed Crenshaw is by no means resting on his laurels. Instead, the unassuming chief executive officer is aggressively ridding the company of distractions to its service-oriented
SN's 2011 Power 50
SN's 2011 Power 50: People (and The
Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
• Subscribe Today and gain instant access to the online SN Archive
• Renew
• Sign up for email newsletter
advertisement
Supermarket Rankings
Power 50 Top 25 Worldwide Top 50 Small Chains |
Top 75 Hall of Fame Winners |
 |
Total Access: SN's GMA Executive Conference Webcasts
Watch SN interviews with key industry leaders at the 2011 GMA Executive Conference in Colorado Springs. |
Supermarket News Shopper Marketing Report
SN's exclusive report surveys consumers and the food industry for their definition of what constitutes value. Profiles on eight food retailers targeting different value shopper segments with incentives and offers is also included. Click here to get the report.
Photo Gallery
Gourmet Italian foods are the star attraction at Joseph’s Classic Market, a chain of three specialty stores in South Florida.
View Gallery
Viewpoints
David Orgel:
Phil Lempert:advertisement
SN Editorial Videos
Kroger, Whole Foods in Good Position
Analysts explain why some chains are better positioned than others, as weak consumer spending persists.
The Lempert Report
Marketing analysis, issues and trends from supermarket industry analyst Phil Lempert.
