Trader Joe’s market, owned by the Albrecht family of Germany is a fascinating grocery store
It is a privately, family-run operation that has a cult following, and speaking of private, let's just say they like to keep to themselves.
We do know a few things however:
We know that sales are around $8 billion yearly, giving Whole Foods a run for its money.
80% of the store’s products are the “Trader Joe’s” brand label.
Each store sells somewhere around $1,750 in merchandise per square foot, and that's more than double what Whole Foods does.
Trader Joe's has no debt.
Even though you may think their private label products are made at smaller, indie food manufactures, some are really made by the giant food companies.
One of the secrecy commandments with suppliers is the vendor agreement which states, “Vendor shall not publicize its business relationship with TJ’s in any manner.”
Regardless of being secretive, one thing is for sure, Trader Joe's is among the hottest grocery stores in the U.S.
There are 344 stores in 25 states and Washington, D.C.
Trader Joe's has a different feel to it, it's offbeat and kind of fun.
Trader Joe's has a different feel to it, it's offbeat and kind of fun.
Right now, the fact that they offer cage-free eggs is a major concern.
Here's something else, Trader Joe's offers good jobs, great products and prices, and because it exists in your neighborhood, that says a lot about your neighborhood.
