Friday, January 18, 2008

Supermarket Puts Ideals Over Profits

I just read about this on Graham's blog...

My favorite grocery store, Wegman's, has done the unthinkable. And I couldn't possibly respect them more for it. They decided to stop carrying tobacco products. Remember, this is an extremely profitable product for retailers. Then why are they doing it? According to Wegman's CEO Danny Wegman, it's "the destructive role smoking plays in health".

It's inspiring when a company does the right thing... even if it puts them at a competitive disadvantage. But Wegman's is not new to this. I guess that's why they've been named one of the '100 Best Companies to Work For' by FORTUNE magazine for ten consecutive years. (ranking #1 in 2005 and #3 in 2007). And that's why I drive past 15 other supermarkets on my way to Wegman's.

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