Victory Super Markets was a grocery store chain based in Leominster, Massachusetts that included 20 stores across Massachusetts and New Hampshire. It was founded in 1923 by two DiGeronimo brothers and was originally named after the American war effort in World War I. The family-run company was sold to Hannaford Brothers Company in 2004 after a successful 81 year stretch. When it was sold, the company employed over 2,600 workers and had an annual revenue of $385 million.
Video Victory Supermarkets
History
Beginning
Following their deployment and America's subsequent victory in World War I, Italian-American brothers, James and Louis DiGeronimo created a corner market in 1923 in their hometown of Leominster, Massachusetts. This was a small grocery store very different from what it would grow to be. It was owned and operated by the two brothers and specialized in fresh meats and home delivery.
The first supermarket
The first true super market was opened in 1955 by the founders' sons. James' sons were Arthur and Jimmy, while Anthony and Joe were Louis'. These four men expanded the business greatly until its closing nearly half a century later. This supermarket opened where the future headquarters would be located, on North Main Street in Leominster.
3rd generation
During the 1980s, the third and final generation of DiGeronimo's came into the family business. This generation was composed of Arthur's sons Arthur Jr., David, Michael, and Steven, and Jimmy's sons Jimmy, John and Robert. Along with their fathers, these ten men made up the DiGeronimo Brothers featured on the company's sign and logo. With the arrival of these new owners, Victory saw great expansion company-wide. These sons took over the day-to-day running of the business and created many new stores and removed old ones over the next two decades.
Expansion
In 1996, Victory began a new expansion concept in their grocery stores: Market Square. This idea put an emphasis on perishable foods and food-to-go. It offered cafe-style seating, along with sandwich, sushi, and stir fry stations. Market Square was tested out first in the Kingston store. Following success here, Market Square was applied to stores in Leominster, North Quincy, and Norwell, Massachusetts, and Derry, New Hampshire.
Maps Victory Supermarkets
Store locations
Sale of Victory
After a long and successful 81 years of family-run business, Victory Super Markets' owners decided to sell the company. It was bought in September 2004 by Hannaford Brothers Company, a subsidiary of the Belgian Delhaize Group, for $175 million. The sale gave Hannaford 19 of Victory's 20 stores. These stores were converted into Hannaford grocery stores while the last remaining store, located in Athol, was shut down because Hannaford already had a larger, more modern store there. Hannaford closed the Ayer location in early 2015 and is expected to reopen as an independently-owned Shop 'n Save supermarket supplied by Hannaford. In July 2016, it was announced that 8 of the Hannaford locations would be sold (mostly to Big Y) due to the merger of the parent companies of Hannaford and Stop & Shop.
References
Source of the article : Wikipedia
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