FMI honors former Publix CEO Ed Crenshaw with the Rabb Award

FMI honors former Publix CEO Ed Crenshaw with the Rabb Award

 

Scottsdale, Ariz., 2017-Jan-30 — /EPR Retail News/ — Food Marketing Institute (FMI) tonight (January 28, 2017) recognized former Publix Super Markets Inc., CEO and current chairman of the board of directors Ed Crenshaw with FMI’s highest honor, the Rabb Award.

FMI acknowledged Crenshaw for excellence in serving the consumer, the community and the industry at a celebratory event at the Midwinter Executive Conference. The awards ceremony was further marked by a testimonial from Publix CEO Todd Jones, who recognized Crenshaw’s 42-year career saying, “It’s a reflection of our company culture and the legacy that you have built.  You’ve weathered recessions and fluctuating market trends; you’ve taught us how to be humble; you’ve been a mentor in our careers, a supporter of our communities, and built solid business relationships; and perhaps most importantly, you’ve given us your time and invaluable counsel.”

Crenshaw’s storied career began as a stock clerk for the company, and throughout his corporate journey, he held management, buying and store operations positions until he earned the titles of executive vice president of retail in 1994, president in 1996 and eventually took the helm as CEO in 2008. Crenshaw’s reputation for exceptional leadership is well regarded in the business and trade communities.

“Publix is consistently recognized as one of the top companies to work for 19 consecutive years, and it’s Ed’s remarkable leadership that has nurtured Publix’s reputation for two decades,” FMI President and CEO Leslie G. Sarasin remarked. “We honor Ed tonight because he has truly been integral to the strategic development of FMI policies and positions – from the development of industry resources, its health care agenda, labeling issues and its political action committee  –  all while keeping the needs of the consumer in a clear line of sight.”

Crenshaw has served with the Kidney Foundation of Central Florida, the Central Florida Speech and Hearing Center, the Polk Museum of Art, the Lakeland Chamber of Commerce, the Polk County School Board Business Commission, and Lakeland Regional Health Medical Center.  He is chair of the Board of Overseers for the Barney Barnett School of Business and Free Enterprise at Florida Southern College, and is a member of Florida’s Council of 100. He has served on the board of GS1-US and is a member of FMI’s board of directors.

A native Texan, Crenshaw graduated from Baylor University in Waco. He and his wife Denise have two children.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.

Contact:

Tel: 202-452-8444
Fax: 202-429-4519

Source: FMI

###

Publix ranked 67 on this year’s Fortune “100 Best Companies to Work For” list

LAKELAND, Fla., 2016-Mar-07 — /EPR Retail News/ — For the 19th consecutive year, Publix has been honored as one of Fortune magazine’s “100 Best Companies to Work For.” Publix was ranked No. 67 on this year’s list — up from No. 81 last year — and was one of only 12 companies to have made the list every year since its inception in 1998.

“I’ve been privileged to lead what could quite possibly be the best company in the world,” said Ed Crenshaw, Publix CEO. “I’m proud of our commitment to our people, culture and communities. We are humbled to be recognized by Fortune for 19 consecutive years as a great place to work. The secret to our success is our associates – company owners themselves – who’ve been making Publix a great place to work for more than 85 years.”

Two-thirds of a company’s score is based on a survey, which is sent to a random sample of employees. The survey asks questions related to their attitudes about the management’s credibility, job satisfaction, and camaraderie. The remaining third is based on a company’s responses to the Culture Audit questionnaire, which asks detailed questions about pay and benefits programs, and open-ended questions about hiring, communication and diversity.

Publix will be featured in the March 15th edition of Fortune’s 100 Best Companies to Work. Fortune Senior Editor, Christopher Tkaczyk, had an opportunity to go behind the scenes and learn what makes Publix a great company to work for and a beloved brand. He spent one week working in the company’s retail environment experiencing the culture and people first-hand. To read about his experience visit http://fortune.com/publix-best-companies/. For more information about the survey and how companies were ranked, visit Fortune’s website, www.fortune.com.

SOURCE: Publix Asset Management Company

Corporate Initiatives and Trade Publications
Maria Brous
Director of Media & Community Relations
P.O. Box 407
Lakeland, FL  33802-0407
(863) 688-1188 ext. 55339
maria.brous@publix.com

Publix reports 4.5 percent increase of its sales in Q4 of 2015

LAKELAND, Fla., 2016-Mar-04 — /EPR Retail News/ — Publix’s sales for the fourth quarter of 2015 were $8.2 billion, a 4.5 percent increase from last year’s $7.9 billion. Comparable-store sales for the fourth quarter of 2015 increased 3.2 percent.

Net earnings for the fourth quarter of 2015 were $521.1 million, compared to $453.3 million in 2014, an increase of 15 percent. Earnings per share for the fourth quarter increased to $0.68 for 2015, up from $0.58 per share in 2014.

Publix’s sales for the fiscal year ended Dec. 26, 2015, were $32.4 billion, a 5.9 percent increase from last year’s $30.6 billion. Comparable-store sales for 2015 increased 4.2 percent.

Net earnings for 2015 were $2 billion, compared to $1.7 billion for 2014, an increase of 13.2 percent. Earnings per share increased to $2.54 for 2015, up from $2.23 per share in 2014.

These amounts are based on audited reports that will be filed today with the U.S. Securities and Exchange Commission and made available on the company’s website at www.publix.com/stock.

Effective March 1, 2016, Publix’s stock price increased from $41.80 per share to $45.20 per share. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors.

“I’m pleased to report another year with excellent results,” said CEO Ed Crenshaw. “Our associates deserve the credit for continuing to make us a leader in customer service.”

SOURCE: Publix Asset Management Company

Corporate Initiatives and Trade Publications
Maria Brous
Director of Media & Community Relations
P.O. Box 407
Lakeland, FL  33802-0407
(863) 688-1188 ext. 55339
maria.brous@publix.com

Publix Super Markets Inc. signs two leases for stores in Virginia

LAKELAND, Fla., 2016-Feb-08 — /EPR Retail News/ — Today (Feb. 2, 2016)Publix Super Markets Inc. announced it has signed two leases for stores in Virginia. The Bristol store, 54,000 square feet, will be located at the northeast corner of Lee Highway & Clear Creek Road in Washington County and in the greater Richmond area, the Glen Allen store, 49,000 square feet, will be located at the northeast corner of Nuckols Road & Twin Hickory Road in Henrico County.

Grand opening dates for both locations have yet to be determined; however, the Bristol store is tentatively planned to open in the fourth quarter of 2017, and the Glen Allen store will follow in 2018.

Publix CEO Ed Crenshaw commented on crossing yet another state line. “Being company owners, our associates continue to work diligently to exceed our customers’ expectations, which has allowed Publix to experience continued growth. As we enter new markets and continue to open new stores, our associates prepare for new opportunities which supports our culture of promotion from within. We look forward to providing the great state of Virginia with the high quality service and products that our customers have come to expect and that have earned us recognition throughout the industry.”

Virginia will mark the company’s seventh state of operation. In September 2012, the company announced its long awaited entry into North Carolina opening the first location in February 2014. The company is looking ahead to aggressive growth within the state and in its current operating areas of Florida, Georgia, Alabama, Tennessee, South and North Carolina.

Corporate Initiatives and Trade Publications
Maria Brous
Director of Media & Community Relations
P.O. Box 407
Lakeland, FL 33802-0407
(863) 688-1188 ext. 55339
maria.brous@publix.com