BUENA PARK, Calif.--(BUSINESS WIRE)--99 Ranch Market, the leading national Asian grocery store chain, has been selected as a 2022 US Best Managed Company by Deloitte’s “US Best Managed Companies” awards program. The beloved grocery brand has been considered the “Gateway to Asia” for generations of Asian American shoppers seeking specialty ingredients and novelty snacks reminiscent of home. Today, 99 Ranch continues to be an iconic pioneer, bringing into a growing number of homes fresh produce, live seafood, popular snacks, delicacies, and items near-impossible to find in conventional grocery chains. The company owns and operates over 60 stores in 11 states as well as e-commerce and mobile formats. In addition, 99 Ranch continues to expand its footprint across the U.S. to serve its longtime Asian-American customers better while also reaching new diverse audiences.
Since the first store opened in 1984, 99 Ranch lives and breathes its motto, “For 100, We Try Harder.” Over the past 38 years, 99 Ranch employees have demonstrated commitment to providing the best products and services to its communities, and developing meaningful relationships with loyal customers, hardworking employees, and supportive vendors while remaining privately held and family-owned. Additionally, the Tawa Charitable Foundation actively supports vital organizations like the Children’s Hospital of Los Angeles, City of Hope, and Southern California Council of Chinese Schools.
“We are extremely proud of the impact we have had as a company, both as an employer and a steward of the communities we serve,” said Alice Chen, CEO of 99 Ranch Market. “We’re able to leverage our brand as an anchor, in turn providing more job opportunities and attracting new businesses, investments, and Asian-Americans to settle in new communities. Shopping at 99 Ranch Market, regardless of ethnicity, serves as a gateway to experience and learn about Asian cultures. This is a wonderful achievement and reflects the hard work of our passionate team members, who maintain and uphold our standards of excellence.”
"We celebrate the achievements of the 2022 US Best Managed Companies honorees," said Jason Downing, vice chairman, Deloitte LLP, and U.S. Deloitte Private leader. "These businesses are led by management teams excelling across the enterprise. When looking at their commitment to excellence, investment in their people, and their focus on long-term DEI and sustainability initiatives, we were inspired by the scale and depth of their impact. We look forward to their future achievements."
The 2022 honorees have demonstrated excellence in strategic planning and execution, a commitment to their people, and fostering a dynamic, resilient culture, as well as strong financials. This year's designees continue to propel their businesses forward by prioritizing purpose, investing in their workforces, and demonstrating their commitment to diversity, equity, and inclusion.
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture, and governance/financial performance. They join a global ecosystem of honorees from more than 40 countries recognized by the Best Managed Companies program. For more information on the US Best Managed Companies program, please visit www.usbestmanagedcompanies.com.
About the Best Managed Companies Program
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture, and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit www.usbestmanagedcompanies.com.
About 99 Ranch Market
Founded in 1984, 99 Ranch Market is the leading national Asian grocery store chain. 99 Ranch Market serves as the “Gateway to Asia” for shoppers seeking authentic ingredients, high-quality merchandise, and fresh produce at affordable prices. Today, the company owns and operates over 60 stores across 11 states, as well as e-commerce and mobile formats. For more information, please visit www.99ranch.com.
