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Fareway

From Wikipedia, the free encyclopedia
Fareway Stores, Inc.
Fareway Meat & Grocery
Company typePrivate
IndustryRetail
Founded1938 (86 years ago) (1938) in Boone, Iowa, U.S.
FounderPaul S. Beckwith
HeadquartersBoone, 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
ProductsBakery, dairy, delicatessen, frozen foods, grocery, lottery, pharmacy, produce, meats, snack food, liquor, flowers, and Western Union
RevenueIncrease US$1.5 billion (2021)
OwnerBeckwith family
Number of employees
12,000+
SubsidiariesFarewayMeatMarket.com
Midwest Quality Wholesale
McGonigle's KC BBQ + Catering
Brewer Foods
Websitefareway.com

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

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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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  1. ^ "Stores | Grocery Store Locations & Weekly Ads | Fareway".
  2. ^ "About Fareway Grocery Stores - Fresh Produce & Quality Meat at your Local Grocer - Fareway". www.fareway.com.
  3. ^ "About Us".
  4. ^ "History". Fareway.
  5. ^ "Fareway offers employees help paying off student loans". Des Moines Register.