My largest customer!!!!!!!

Ron Musgraves

Ron Musgraves

Exterior Restoration Specialist
Staff member
http://www.nbj.com/issue/0401/16/110

<H2>RetailOne:
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Reno Brothers Make It Big
In 1977, Don Baldwin, a local Reno grocer and owner of Warehouse Markets, had only one task to offer the two eager brothers asking for jobs: "Retrieve my shopping carts." The young men, both of whom were still in high school, accepted. Between classes and football practice, they began not only retrieving shopping carts with their grandfather’s borrowed truck, but over time also started repairing them, cleaning them, and putting pride into their job. Twenty-four years later, they have expanded throughout the western United States, have more than 250 people on the payroll, and earn annual revenues exceeding $10 million. Furthermore, they have implemented a national rollout to be accomplished over the next 24 months.
Their regional company, RetailOne, a dba of Alliance Retail Services, Inc., has an impressive client list and eight equipment service centers located in the West. The firm’s Web site, retailone.com, offers previously-owned equipment and related services to an international customer base.
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I will tell all about this account, they soldout privitely for over 500bil
 
$500 Bil??? Maybe $500 mil. You are trying to out do congress with that one.
 
Greg Rentschler said:
Even at $500 Million ..... they must of had some serious assets to make that worth while. With only $10 million in annual revenues the ROI would be a lengthy one.
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That was in 1977 in a few states, in 24 months they went national. It four years they went international. 25 years later public and the rest was done.


Ok, when you touch a shopping cart anyplace its likely theres.

Internationally...

Walmart, target an groger are a few of there exclusive customers.

The ten million was before they went public and was traded and sold four times.

Its now private again and a holding company called Household finance was the last purchase that I knew about and that was four years ago.

I'm sure they have been sold again and again.


There Divisions split and have long been gone. The brothers are rich and retailone sells carts and many others retail moduals. They revuloutionized and eliminated cart repair onsite.

I know Scott recalls seeing there trucks doing mobile cart repair? They dont do any of that the same, its all at central distribution facilitys. No one can compete with the cost and the service they now provide to retailers.
 
Clean County PW said:
Yea but along the way with them being bought and sold there were probably other companies combined in with them causing them to become so large. Still its a good story
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You bet that happened, but it all started with pressure washing carts and grew from there to become the largest and then broke up into pieces.

No one was ever as large pressure washing. NO ONE
 
Albertson’s, Kroger, Costco, Safeway and Wal Mart,

Lets do a recap from the article, lets see when they did business with albertson they came over the top and bought OSCO Jewels out.

We all know Groger, opps Safeway was once larger than them all. Walmart needs no intro...


Those are all the giants and they washed and supplied anything on wheels in the stores internationally.

Well, dont have to tell you they had a lock on it and still do.


Here's why, CHINA... carts in the 80 and early 90's costed 225 a piece.

Now retailone supplys them for 89.00 a piece...

They no longer worry about repairs onsite. Cart recovery is not even and option much. They actually eliminated a few industry and let the cleaning divsions go.
 
Ron, I still need verification. Greg was right. The 10 million in sales was from 2004. I have been looking at them really closely, and have found nothing that substantiates your claim of a $500 billion buyout. For a matter of perspective, General Electric is only worth 119 billion, and they have a jet engine manufacturing division, their electrical division, as well as NBC. I would think that any of those division would dwarf retail one.

I am still with Greg. Even at $500 million, that is a hard one to swallow.
 
Scott Stone said:
Ron, I still need verification. Greg was right. The 10 million in sales was from 2004. I have been looking at them really closely, and have found nothing that substantiates your claim of a $500 billion buyout. For a matter of perspective, General Electric is only worth 119 billion, and they have a jet engine manufacturing division, their electrical division, as well as NBC. I would think that any of those division would dwarf retail one.

I am still with Greg. Even at $500 million, that is a hard one to swallow.
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Maybe this guy bought them out:

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