Publix Super Markets, Inc., commonly known as Publix, is an employee-owned, American supermarket chain headquartered in Lakeland, Florida. Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.
Since Publix is a privately held company, it does not have to answer to shareholders. This gives the company the flexibility to invest in long-term projects, such as new stores, without worrying about short-term profits. For example, Publix has been investing heavily in e-commerce and delivery in recent years.
The company also takes a unique approach to employee relations. It is one of the few companies in the United States that does not have a unionized workforce.
Instead, Publix focuses on treating its employees well and offering them competitive salaries and benefits. This has resulted in high levels of employee satisfaction and loyalty.
Publix’s strategy seems to be working. The company has been profitable every year since it was founded and is one of the largest supermarket chains in the United States.