In the first of a two-part exclusive, Progressive Grocer Senior Editor Joe Tarnowski discusses the evolution of Schenectady, N.Y.-based Price Chopper Supermarkets with its chairman and CEO, Neil Golub.
From its early wholesale days to a now-burgeoning retail enterprise, Price Chopper was born out of what early founders maintain was “the realization of an idea whose time had come.”
Starting out as Central Markets in 1932 and evolving to become a leading regional grocery chain with 127 locations throughout New York, Vermont, Connecticut, Pennsylvania, New Hampshire and Massachusetts, Price Chopper has experienced impressive growth and development, which Golub discusses, as well as the significance of being a family business in today’s marketplace.
In addition to being a fourth-generation family business, 50 percent of Price Chopper's stock is owned by its employees, which gives them a significant stake in the business, notes Golub. Further underscoring the concept of family ownership, the company makes use of a variety of unique and distinctive marketing programs, which Golub says separates Price Chopper Supermarkets from the competition.
“Being a family business gives us the opportunity to be who and what we are,” Golub says.
Stay tuned for part two of PG’s exclusive interview with Price Chopper’s chief executive, who will discuss the company’s efforts in diversity, sustainability, and its extensive involvement in the communities it serves.
To learn more about the evolution of Price Chopper Supermarkets, watch Part 1 of PG's video interview with Neil Golub here.