Fareway
Trade name | Fareway Meat & Grocery |
---|---|
Company type | Private |
Industry | Retail |
Founded | 1938 (86 years ago) (1938) in Boone, Iowa, U.S. |
Founder | Paul S. Beckwith |
Headquarters | Boone, Iowa, U.S. |
Number of locations | 131 (2021) |
Key people | P. Sue Beckwith, MD, Chairman of the Board Reynolds W. Cramer, CEO Garrett S. Piklapp, President |
Products | Bakery, dairy, delicatessen, frozen foods, grocery, lottery, pharmacy, produce, meats, snack food, liquor, flowers, and Western Union |
Revenue | US$1.5 billion (2021) |
Owner | Beckwith family |
Number of employees | 12,000+ |
Subsidiaries | FarewayMeatMarket.com Midwest Quality Wholesale McGonigle's KC BBQ + Catering Brewer Foods |
Website | fareway |
Fareway Stores, Inc. is a Midwest grocery store chain based in Boone, Iowa. It operates 131 grocery store locations in Iowa, Illinois, Minnesota, Nebraska, South Dakota, Kansas, and Missouri.[1]
Fareway provides service and food distribution in the Midwest.[2]
Some Fareway stores open as early as 7:00 a.m. and stay open as late as 9:00 p.m., but all are closed on Sundays and open until 5:00 p.m. on major holidays.[3]
History
On May 12, 1938, Paul S. Beckwith opened the first Fareway store in Boone, Iowa located at 624 Story Street. Beckwith chose the name "Fareway" as he emphasized treating customers and employees fairly. [4]
In December 2018, Fareway announced a new plan to help eligible full-time employees pay off their student loan debt. This benefit gives $100 a month with an upper limit of $5,000 total. This adds Fareway Stores, Inc. to the roughly four percent of companies across the nation that offer employee benefits concerning student loan debt.[5]
References
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- Piggly Wiggly Carolina Co.
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