Ritchies Stores
 | |
| Company type | Private company |
|---|---|
| Industry | Retail |
| Founded | 1870 |
| Headquarters | , |
Number of locations | 78 [1] |
Key people | Fred Harrison, CEO[1] |
Number of employees | 6500 |
| Website | www |
Ritchies is the largest independent supermarket chain in Australia, owned by a group of private investors, including Metcash. It is also known as "Ritchies Supa IGA". The majority of its stores are located throughout Victoria. Ritchies annual revenue is estimated to be approximately $1.4 billion.[citation needed]
History
[edit]Ritchies Stores were founded in 1870 by Thomas Ritchie after surviving the shipwrecked Isabella Watson, the first store opening up in Frankston, Victoria on what is now Nepean Highway.[2]
In 2020, Ritchies' profits doubled over the previous year, following their promotion for consumers to choose local and neighborhood stores over supermarkets in large shopping centers during the coronavirus pandemic.[3] In 2009 Ritchies was ranked the 20th largest Australian retailer.[4]
Loyalty schemes
[edit]Ritchies maintains a loyalty program, in which customers nominate a club, school or charity, and the company donates a percentage of the total spend to the customer's nominated organization each time the customer shopped within their stores. As of December 2012, Ritchies had donated over $40 million under the program.[5]
Ritchies also offers a discount at participating BP or United service stations when transactions of over $25 are conducted in-store.[6]
See also
[edit]
References
[edit]- ^ "Company Details". Ritchies Supermarkets.
- ^ "Wreck of the Isabella Watson". Sydney Shipping Gazette Vol. 9, No. 418, p. 93. 3 April 1852. Retrieved 30 April 2010.
- ^ "'Money in the till': Ritchies' profits double but no Metcash deal". Australian Financial Review. 2 November 2020. Retrieved 31 July 2024.
- ^ "Australia's Top 20 retailer rankings". Inside Retailing online. 9 June 2009. Archived from the original on 20 June 2010. Retrieved 21 May 2010.
- ^ "Donations". Ritchies Stores. 1 August 2009. Archived from the original on 4 December 2012. Retrieved 7 May 2010.
- ^ "Ritchies Fuel Offer". Ritchies Stores. 1 August 2009. Archived from the original on 28 February 2010. Retrieved 30 April 2010.
External links
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