Trader Joe's Is Not Your Average Business (2002)
One day a few years ago, a guy at a Boston financial firm called up Trader Joe's headquarters and said he'd like to tour a store with a group of visiting Japanese investors. The brass at Trader Joe's was blunt: "You can't come." Not "We'd rather you didn't," or "Please don't." The visit was officially forbidden. This led to a predictable go-round about it being a free country and all, and Trader Joe's finally said okay, okay, you can come, but you don't get a tour. And as the investment company guy tells it, the tension in the air during the visit was thick enough to cut with a machete. Well, you probably can't blame the folk at Trader Joe's. They've got a phenomenal thing going, and don't want to give it all away. Some observers think that sales per square foot at Trader Joe's are hovering at about $1,000 -- twice the level of typical supermarkets. And with between about 70% to 85% of i
Why it failed
One day a few years ago, a guy at a Boston financial firm called up Trader Joe's headquarters and said he'd like to tour a store with a group of visiting Japanese investors. The brass at Trader Joe's was blunt: "You can't come." Not "We'd rather you didn't," or "Please don't." Th
- Kind
- startup
- Status
- Shut down
- Inventor
- daveambrose
- Ended
- 2008
- Source
- hackernews