When Price Savers Wholesale Warehouse commemorates its first year in Provo Monday, the company will celebrate one of the most successful Price Savers in the nation.
Bob Prottas, general manager of the Provo store, said Price Savers in East Bay has exceeded all company projections."Every quarter has been great," he said. "This is a pleasant place to work. We have been very well accepted by the Utah Valley community."
Price Savers has 16 100,000-square-foot warehouses from Tacoma, Wash. to Florence, Ky.. Corporate offices are in Salt Lake City.
"We have been in the middle of the pack in sales, but we have a smaller market and with this volume of people, we have done very well," Prottas said. "We are pleased with our performance here."
Price Savers' total annual sales for 1987 were at $296,625 and in 1988 are expected to reach $537,528. The cash-and-carry wholesale warehouse has almost two million members nationwide.
Price Savers' target market is businesses, but the store is set up to allow individuals to take advantage of wholesale prices as well, Prottas said.
The Provo store employs 120 people. Prottas said they are paid above the market rate and the company operates on a bonus system as well. When a store exceeds its goals and makes more money, employees share in the returns.
"We pump a lot of payroll into the economy," he said. "We also provide a service to the population in the county that offers them the value for their dollar."
Customers are invited to have birthday cake at the party, which will be from 9 a.m. to 9 p.m. Free balloons will also be given out to children. New holiday hours will also begin Monday. The warehouse is open from 11 a.m. to 6 p.m. Sundays and 9 a.m. to 9 p.m. Mondays through Saturdays.