Coborn's hopes you'll shop at your convenience. The company runs about 40 Coborn's and Cash Wise Foods stores in Minnesota and the Dakotas, another 35 shops under the Holiday, Little Dukes, and Save-A-Lot banners, and online grocery shopping service CobornDelivers. It supplies its stores with baked goods, deli items, and meat from its own central bakery and manufacturing plant. Along with its grocery stores, the firm owns and operates convenience, liquor, hardware, and video stores, and pharmacies. Founded in 1921 when Chester Coborn started a single produce market, the company opened its first Cash Wise Foods store in 1979 and its first convenience store in 1986. Coborn's is owned by its employees.
Across its 90 retail stores, Coborn's rang up $1.2 billion in sales in 2011, compared with $1 billion in 2010.
Independently-owned Corborn's is building a sizable empire in the Upper Midwest through acquisitions and organic growth. In spring 2012 it purchased a partial interest in JK Foods, a Williston, North Dakota operator of three stores under the Economart and Food Pride banners, as well as a flower shop. The company is also building its own stores: five new Coborn's and Cash Wise locations in North Dakota are slated to debut through 2014. (North Dakota's economy is growing rapidly thanks to the oil boom.)
The regional retailer is growing its discount Cash Wise Foods chain with the acquisition of two independently-owned Cub Foods stores in St. Cloud, Minnesota that reopened under the Cash Wise banner in 2010. The purchase coincided with increased price competition in the local grocery market and the recent entry of the limited-assortment deep-discount chain ALDI, and a Wal-Mart Supercenter and Sam's Club in September 2010. Discounter Target is also expanding its grocery offering in its area stores. Like ALDI, shoppers at Cash Wise Foods stores bag their own groceries. Coborn's also operates several limited-assortment Save-A-Lot deep-discount grocery stores. (The company bought the rights to the Save-A-Lot name from SUPERVALU in 2002.) – less
10 salaries reported
$9.13 per hour
7 salaries reported
$9.89 per hour
3 salaries reported
$10.01 per hour