You are hereAddicting Info: Walmart Losing To Quirky Florida Based Publix – Employee Owned Company Touted By Forbes As ‘Wal-Mart Slayer’

Addicting Info: Walmart Losing To Quirky Florida Based Publix – Employee Owned Company Touted By Forbes As ‘Wal-Mart Slayer’


-By Nathaniel Downes

July 26, 2013- Walmart, its very name brings with it an image of a soulless corporation, a company which abuses its employees down so much that they will rip the company to shreds on their own internal website when asked. A company reliant on government assistance to keep its employees able to even eat. It is a recipe for disaster. And those who follow the teachings of Milton Friedman and other objectivist economists would try and explain that this is absolutely required for a successful company. But don’t tell that to Publix, which now sits as the most profitable grocer in the United States, holding a remarkable 52.8% of the grocery market in highly competitive Florida, against Walmart’s 14.5%.

How does Publix do it? Are they even more soul crushing, seeking to demoralize employees to the point that they are wage slaves, like McDonald’s does? The opposite, Publix is an employee owned corporation. You read that right, employee owned. The company does well, then the employees do well. This gives your average employee of Publix a stake in improving the companies bottom line, thanks to regular dividends. They do this by retaining customers, through excellent customer service. Even Forbes magazine has come to recognize that the Publix business model is a “Walmart Slayer.” And to add to the fears of the Beast of Bentonville, Publix is expanding into new markets, just as other companies are copying the Publix model.

Publix, through its focus on its staff and customer service, is able to beat Walmart’s shareholder returns, with a compound growth of 18% per year, as opposed to Walmart’s 10.5%. Of course, Walmart is a publicly traded company, while Publix is owned by its employees, so if someone wishes to invest in Publix, they would first need to begin working for Publix, and their rate of ownership is based on their wages. This encourages the hardest workers, those who dedicate themselves to the company, giving them a real stake in the company as they labor.

Publix began 1930 by George Jenkins, and was mocked by other grocers when he opened for offering amenities like chairs to relax in and air conditioning for the customers, combined with award-winning customer service. His store prospered during the Great Depression due to this employee and customer centered model of doing business. Today, you still find this focus, with Publix offering service to their customers such as their Youtube channel full of helpful cooking tips and recipes, a specialized natural and organic line of Publix brand goods, even having a small sit down cafe which remains highly popular with its customers. The Publix baggers walk the customers groceries out to their cars, and refuse tips. It is all part of the Publix experience.

FULL STORY HERE:

Partners

Backbone Campaign
ReclaimDemocracy.org
ProsperityAgenda.us
Liberty Tree
Democrats.com
Progressive Democrats of America
AfterDowningStreet
Peoples Email Network
Justice Through Music
ePluribusMedia
Locust Fork Journal
Berkeley Fellowship UU\'s Social Justice Committee
BuzzFlash
The Smirking Chimp
Progressive Democrats Sonoma County
BanksterUSA
Center for Media and Democracy
Chelsea Neighbors United
Atlanta Progressive News
Yes Men
No Nukes North
ProsecuteThemNow.com