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Price Savers Fact Sheet <br />Page 2 <br />_. - , - . <br />OWNERSHIP <br />Price Savers is an independent, wholly owned subsidiary of The <br />Kroger Co., Cincinnati, Ohio. Price Savers surpassed its first $100 <br />million in sales in less than 17 months of operation. Each 100,000 <br />square foot Price Savers Warehouse is expected to generate, at <br />maturity, between $80 and $100 million per year.The Kroger Co., the <br />nation's second largest food and drug retailer with sales of $17.1 <br />billion in 1985, operates 1,100 food stores in 18 states. 1-he <br />stores are primarily in the midsouth, southeast and southwest <br />sections of the United States. Additionally, its Dillon Companies <br />unit operates 228 food stores and 443 convenience stores in the <br />midwest and west. <br />OFFICERS OF PRICE SAVERS <br />l-homas Grimm, president <br />Douglas Hansen, vice president, personnel./real. estate/marketi.n.g <br />Kevin Campbell, vice president, warehouse operations <br />Richard Eisinger, vice president, finance <br />Ralph Smith, vice president, merchandising <br />Phillip Sutterfield, vice president, merchandising ` <br />NUMBER OF EMPLOYEES <br />SLC Headquarters 70 employees <br />Each warehouse 100 employees <br />WAREHOUSE/PRODUCT OFFERING <br />Price Savers formula is based on clean, neat, 100,000 square foo`_ <br />warehousDs with open -beamed ceilings, cement floors, and palletized <br />racking. They operate on a minimal warehouse margin of 10-12% and <br />cater primarily to the independent business entrepreneur. <br />Price Savers product mix consists heavily of top quality, narrie brand <br />institutional food and beverages; industrial strength cleaning <br />supplies; and office supplies and equipment. We also stock <br />electronics; appliances; hardware and tools; health and sports <br />equipment and automotive supplies. <br />