Idaho-based grocer WinCo Foods LLC is finalizing leases to open as many as four stores in the Oklahoma City metro area, commercial real estate firm Price Edwards & Co. said.
In its midyear retail market survey, Price Edwards & Co said that WinCo is negotiating to lease space for three to four new grocery stores in the area. WinCo is eyeing locations in northwest and west Oklahoma City, Moore and Midwest City, said Jim Parrack, senior vice president of retail for Price Edwards.
“It’s a concept that won’t be unfamiliar to shoppers here, and I think they will do well,” Parrack said. “They will give Walmart a run for their money on prices.”
WinCo stores are larger than traditional supermarkets at about 90,000 square feet and focus on a lot of bulk products. While Walmart still controls about 60 percent of Oklahoma City’s grocery market, WinCo is the latest of several competitors to try to change that, Parrack said.
WinCo has opened three stores in the Dallas-Forth Worth area this year and also has a Texas distribution center, making expanding into Oklahoma an easier geographical fit. Founded in 1967 in Boise, Idaho, WinCo has 95 stores and five distribution centers that span Washington, Idaho, Nevada, California, Oregon, Arizona, Utah and Texas.
Mike Read, a spokesman for Boise, Idaho-based WinCo, did not respond to a request for comment this week.
When reached by phone last month, Read said WinCo was still focused on its new expansion into the north Texas market and that it was still too soon to discuss any plans to move into Oklahoma.
It’s a concept that won’t be unfamiliar to shoppers here, and I think they will do well.”