Fortune Magazine is running an article on the 'Secret World of Trader Joes.'It's not the expose on Scientology or what goes on in a Jehovah's Witnesses's meetings - but it's kind of interesting, and since it's kind of religious for the white people I know, especially the suburban wife variety, I thought I'd share with you.
The privately held company's sales last year were roughly $8 billion, the same size as Whole Foods' (WFMI, Fortune 500) and bigger than those of Bed Bath & Beyond, No. 314 on the Fortune 500 list.
Its stores sell an estimated $1,750 in merchandise per square foot, more than double Whole Foods'. The company has no debt and funds all growth from its own coffers.
Here's the Link (new window) for the larger article.
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