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Warehouse Market history
Warehouse Market company history timeline
Warehouse Market was founded in the year 1938.
In 1940, at the age of 15, Earl Redner started his career in the food business with the Grand Union Tea Company in Middletown, New York.
T.G. & Y. on Brookside in 1954, courtesy of the Beryl Ford Collection/Rotary Club of Tulsa.
His father had owned a Baltimore drugstore, where Haft worked as a child, and after becoming a pharmacist he opened his first Dart drugstore in downtown Washington in 1954.
Admiral & Sheridan, April 6th 1956 Photo courtesy of Beryl Ford Collection/Rotary Club of Tulsa, Tulsa City-County Library and Tulsa Historical Society.
1956: Jumbo Food Stores is incorporated.
In 1968, Earl began his quest for a new challenge.
In 1975, to share the success of the company with the employees, Redners formed an ESOP (Employee Stock Ownership Plan). Redners was the first supermarket in Pennsylvania to be employee owned.
In 1975 these stocks were worth $5 a share and in just ten years were independently valued at a worth of $22 per share.
Haft's son Robert, who held a Harvard MBA, joined Dart in 1977 and launched Crown.
1978: The first warehouse format store opens.
A Dollar Saver occupied the original Warehouse Market building at 11th Street and Elgin Avenue for a while in the 1980’s.
In 1984, Dart sold off the original drug store chain and the Hafts became involved in takeover bids as a way to enter the supermarket business.
1986: Jumbo Foods changes its name to Shoppers Food Warehouse.
The store closed in 1987 and the building was put up for sale.
Shoppers reached a turning point in 1988.
In 1992, the chain opened seven new stores, and its market share improved to 11 percent.
An earthmover clears a site near Eighth Street and Elgin Avenue in October 1993 where Home Depot would build a home improvement store.
Shoppers' relationship with Dart was also complicated by a Haft family feud that broke out in 1993 and soon turned into a virtual soap opera.
Downtown Tulsa can be seen through the Warehouse Market building facade in February 1994.
In June 1994, Herman elected to exercise the option to reacquire one share of Shoppers and wrested back control of the chain.
A grader is parked in front of a portion of the old Warehouse Market building at 11th Street and Elgin Avenue in 1994.
Mazzio's Corp. opened Pizzetti's in 1994 in the reconstructed Warehouse Market building featuring all-you-can-eat pizza, pasta and salad for one price.
In 1996, Shoppers totaled 34 units, generating $830 million in sales with a 13.5 percent market share.
The Herman family agreed to sell its stake, and the transaction was completed in February 1997.
In April 1998, Richfood Holdings Inc., a regional wholesale distributor, agreed to acquire Dart's outstanding stock in order to acquire Shoppers.
Ryan Redner, who joined the company in 1999, currently serves as the chief operating officer and director of direct store delivery operations.
With the supermarket industry undergoing a period of intense consolidation, Richfood was dealt a severe blow in 1999 when major wholesale customer Giant Food Stores elected not to renew its contract to buy dry goods through Richfood after 1999.
1999: Supervalu Inc. acquires Shoppers chain.
Gary M. Redner joined the company in 2001 and serves as the executive vice president of procurement and director of wholesale operations.
2002: Irving Herman dies at age 95.
In March 2013, a Tulsa jury found her…
The president and CEO of Mazzio's Sheri Miksa (center), and general manager Doug Munsell (right) chat with customer Emmett Shannon at the 11th and Elgin restaurant in 2014.
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Warehouse Market competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Reasor's | 1963 | $570.0M | 3,000 | - |
| Food Giant | 2000 | $690.0M | 3,978 | 1,811 |
| Foodland | 1948 | $96.0M | 1,195 | - |
| Harveys Supermarkets | - | $860.0M | 4,400 | 8 |
| Fareway Stores | 1938 | $1.5B | 12,000 | 144 |
| Coborn's | 1921 | $1.4B | 7,463 | 229 |
| Discount Drug Mart | 1969 | $750.0M | 1,100 | - |
| Dillon | 1890 | $2.0B | 11,500 | 13 |
| Superior Grocers | 1981 | $900.0M | 4,200 | - |
| Community Supermarket | 1925 | $3.2M | 100 | - |
Warehouse Market history FAQs
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Warehouse Market may also be known as or be related to Warehouse Market, Warehouse Market Inc and Warehouse Market, Inc.