Danny Wegman heads a company that keeps raising the bar on the shopping experience. From its abundant product selection and restaurant-quality prepared foods, to its beautiful stores and what Wegman has described as a “nearly telepathic level” of customer service, 92-year-old Wegmans Food Markets is in a class by itself.
Wegman, 60, took the reins of the company in 1976 and has maintained the family tradition of doing things differently, including how it deals with employees (Wegmans is an annual perennial on “best companies to work for” lists). He saw the threat posed by non-traditional grocery outlets early on and has successfully kept the competition at bay, not by slashing prices but by giving consumers more compelling reasons to shop his stores. Ever mindful of new business opportunities, Wegman is opening wine stores and building a state-of-the-art culinary innovation center and development facility even as he adds new full-line supermarkets.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.