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Winn-Dixie Stores, Inc.
Winn-Dixie: A Brief History
It's been a long, dynamic journey that's taken us from Idaho to Florida. From two brothers running one small storefront to an impressive operation employing over 113,000 associates, working in more than 1,070 stores across 12 states and the Bahamas. For over 75 years, the Winn-Dixie name has stood for real quality and value. We're proud to have built our reputation on not only always delivering a quality product, but on constantly striving to find new ways to improve that quality. It's a tradition we're intent upon continuing far into the future.
The Beginning: From Idaho to Florida
In Burley, Idaho, Carl Davis begins working at the Clark Mercantile, the small local general store; his brother William Milton (W.M.) will soon join him at the store.
W.M. purchases the store and renames it the Davis Mercantile.
Heeding the advice of his brother Carl, W.M. decides to move to the booming Florida area to open a business. With a $10,000 loan from his father, W.M. purchases the Rockmoor Grocery in Miami. W.M. and sons Artemus Darius (A.D.), James Elsworth (J.E.), Austin and Tine are the store's stockholders.
The Davis family changes the store's name to Table Supply and opens four more stores.
W.M. and sons decide to pay $10,000 for retail chain Lively Stores. The acquisition leads to ownership of 33 Table Supply stores stretching across Southern Florida from Miami to Tampa.
After the death of W.M. from pneumonia, the four Davis sons assume responsibilities for Table Supply. Because the family believed W.M.'s death could have been prevented with better medical care, the family begins a relationship with the Mayo Clinic, which continues today.
The Making of Winn-Dixie
Bill Lovett, head of Winn & Lovett, successfully convinces the Davis brothers to acquire 51 percent of his company's 73 stores. The acquisition is the springboard from which the company will expand after the conclusion of World War II in the early 1940s.
The Davis brothers adopt the Winn & Lovett name and Jacksonville headquarters for their growing network of stores.
Winn & Lovett purchases 31 Steiden Stores in Kentucky.
Winn & Lovett makes another acquisition, Margaret Ann Stores, which adds 46 stores in Florida.
Winn & Lovett lists on the New York Stock Exchange, making it the first Florida industrial corporation to do so. The company's original ticker symbol, WIN, still is used today.
Winn & Lovett purchases Penney Stores in Mississippi, as well as Ballentine Stores and Eden Stores, both in South Carolina.
Through the acquisition of 117 Dixie Home Stores, the Winn & Lovett name is changed to Winn-Dixie Stores, Inc.
The Growth of Winn-Dixie
Winn-Dixie continues its expansion with purchases of Ketner-Milner Stores in North Carolina, Hill Stores in Louisiana and Mississippi and King Stores in Georgia.
After reading Booker T. Washington's Up From Slavery, J.E. Davis begins his support of black colleges. Through the subsequent years, Winn-Dixie supports Bethune-Cookman College, the National Council of Negro Women, Rust College, Florida Memorial College, the Tuskegee Institute, and many others.
The Company purchases City Markets stores in The Bahamas.
Winn-Dixie operates 715 stores throughout the South.
Winn-Dixie opens Division offices and distribution centers in Charlotte, Orlando and Fort Worth.
Moving Ahead: The Next Generation and Building Community Ties
A. Dano Davis, J.E.'s son, takes the helm as President and PEO (Principal Executive Officer) of Winn-Dixie. The next year, R.D. Davis, son of A.D. Davis, assumes the responsibility of Vice Chairman of the Board and became Chairman the next year.
Winn-Dixie opens its first Winn-Dixie Marketplace store, a 45,000-square-foot facility in Valdosta, Georgia.
The American Cancer Society/Winn-Dixie Hope Lodge opens in Gainesville, Florida, where people with cancer can stay without cost while they receive outpatient treatment. The initiative receives the Presidential Award for Private Sector Initiatives the following year. Two more American Cancer Society/Winn-Dixie Hope Lodges are opened in Miami (1993) and Atlanta (1998). When the American Cancer Society approaches Winn-Dixie to fund the idea, Winn-Dixie goes to their associates and pledges that the Winn-Dixie Stores Foundation will match their contributions dollar for dollar. The associates come through.
Winn-Dixie holds its first Youth Management Day, through which exemplary young associates assume managerial responsibilities for one day. The Youth Management Day remains an annual program for Winn-Dixie.
Moving Toward the Next Century
Winn-Dixie acquires 25 Thriftway stores in Ohio.
The first Self-Checkout System is installed and implemented in several more stores the next year.
The Company launches its Web site, www.winn-dixie.com.
Current President and CEO Al Rowland takes the reins at Winn-Dixie.
Winn-Dixie, The Real Deal
Winn-Dixie announces a major restructuring, including centralizing its procurement, marketing and merchandising.
Winn-Dixie purchases 68 grocery stores, 32 fuel centers and two liquor stores in Mississippi, Alabama and Louisiana.
Winn-Dixie converts more than 50 of its stores in Florida, Georgia and Mississippi to the SaveRite Grocery Warehouse format
Winn-Dixie launches the Customer Reward Card program which provides customers ongoing benefits that include merchandise discounts and special incentives.
Winn-Dixie exits Texas and Oklahoma to concentrate efforts in its core markets.
Today, Winn-Dixie's 113,000 associates work in more than 1,070 stores across 12 states and the Bahamas. The Company looks forward to helping millions more customers find The Real Deal every day.
Winn-Dixie associates enjoy a wide variety of associate benefits. We are committed to providing a quality benefits program that will aid the financial security of associates and their families. For that reason, we are proud to have one of the finest benefits packages offered by any employer. Listed here are the current benefits that eligible associates may look forward to: Medical Coverage Prescription Drugs Vision Care Dental and Orthodontia Employee Assistance Program Health care and Dependent care Spending Accounts Paid time off for vacation Paid Holidays Life Insurance Short Term and Long Term Disability 401(k) Plan Professional and Career Education programs including: Tuition Reimbursement, Career Scholarships and Matching Grants Service Awards
WINN-DIXIE PROMOTES FRANK LAZARAN TO CEO AND
PRESIDENT AS AL ROWLAND RETIRES AT FISCAL YEAR END
JACKSONVILLE, FL, May 2, 2003 -- A. Dano Davis, Chairman of the Board of Directors of Winn-Dixie Stores, Inc. (NYSE:WIN), announced today that the Company would promote Frank Lazaran to the positions of Chief Executive Officer and President. Lazaran, currently the Chief Operating Officer of the Company, is scheduled to assume his new positions on June 26, 2003, at the beginning of the Company's new fiscal year. At that time, Allen Rowland, currently the Company's CEO and President, will retire, Davis said. In addition, at the same time, Rowland will resign from his seat on the Company's board of directors and Lazaran will be appointed by the board of directors to fill the vacancy.
"Frank has made an outstanding contribution to our Company since his arrival one year ago, and we are excited that he will have an even greater opportunity to impact our business in his new role. The board of directors was unanimous in his selection," Davis said. "We believe it is an indication of the strength of our Company that an individual of Frank's caliber was in our organization and ready to assume the leadership role in what we believe will be a seamless transition."
"I brought Frank into the Company a year ago because I knew he had the skills to lead our organization," Rowland said. "Over the past year, he has been instrumental in our business successes. I have every confidence he will continue those successes in his new roles. I look forward to working with Frank over the next two months to effect a smooth transition."
Before joining Winn-Dixie, Lazaran was President of Randalls Food Markets, Inc., a division of Safeway, in Houston, Texas. Randalls operates high volume stores under the Tom Thumb banner in the Dallas/Fort Worth Metroplex area and as Randalls in the Houston and Austin markets. His 28 years of industry experience also includes a broad background of management positions with Randalls and Ralphs Grocery Company in Compton, California.
Rowland joined Winn-Dixie as CEO and President in November of 1999. "We brought Al to Winn Dixie to be an agent of change, and he has done exactly what we asked of him," Davis said. "In his three-and-a-half years Al has improved our store operations and enhanced our financial position." Davis noted that during Rowland's tenure the Company had, among other accomplishments, introduced its Customer Rewards Card to enhance sales, improved store operations and customer service, disposed of certain under performing assets to strengthen the Company's financial position and built a strong senior leadership team. "Al led us through a difficult time and positioned the Company for the success it has had this year and anticipates in the future," Davis said. "When he came to me and indicated he thought it was time for him to retire, I told him I appreciated all of his accomplishments. We agreed this was the appropriate time to transition to Frank's leadership, which had been our expectation since we brought Frank on board. Our board of directors has expressed our appreciation to Al for the job he has done and we wish him enjoyment in his retirement."
Winn-Dixie Stores, Inc. (NYSE: WIN) is one of the largest food retailers in the nation and ranks 149 on the FORTUNE 500 ® list. Founded in 1925, the company is headquartered in Jacksonville, FL and operates 1,071 stores in 12 states and the Bahamas. For more information, please visit www.winn-dixie.com.
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