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US Foods CHEF'STORE (formerly Smart Foodservice Warehouse Stores and Cash&Carry Smart Foodservice) is a chain of American warehouse grocery stores located in Arizona, California, Idaho, Montana, Nevada, North Carolina, Oklahoma, Oregon, South Carolina, Texas, Utah, Virginia, and Washington. [1]
By 1919, annual sales for Smart & Final had reached $10 million. During the fierce competition among expanding grocers in the 1920s, the company introduced a self-serve concept to replace reliance on clerks to fetch goods. This was called "cash and carry." [5] In 1953, Smart & Final merged with Haas, Baruch & Co. [5]
This grew to 56 (and 3,000 employees) by October 1960 [2] and 77 by 1971, [10] and 79 (plus 86 cash-and-carry and 5 warehouses) in 1976. [11] In 1968, son Robert Edward Laverty became president and chairman of the board. [11] Thriftimart opened its last new store in 1971.
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The main features of cash and carry are summarized best by the following definitions: Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis or on the basis of samples (with the customer selecting from specimen articles using a manual or computerized ordering system but not serving themselves) or a combination of the two.
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Therefore, Price Club was originally positioned as a much larger, volume-oriented version of the cash-and-carry wholesale format, meaning that prospective members were required to present resale certificates or professional licenses. [5]