2009 Best Companies rank: 88
The company has seen sales increase during the downturn while competitors have endured layoffs and store closures. Publix, which enjoys a strong balance sheet with no long-term debt, has focused on operational efficiency, managing costs, employee development, and store growth and expansion. Last year, Publix acquired 49 stores closed by Albertson's and hired more than 1,250 people in those locations.
This grocery chain has never had a layoff in its 79 years in business. Since Publix is 100% employee-owned, it prides itself that "owners never want to lay off other owners." Nearly 6,000 of the company's "associates" have made a career at Publix, having served 20 years or more.