QuikTrip's Zero Layoffs Rank It Among Fortune's Best
TULSA, Okla. -- Fresh on the heels of being named one of the best companies to work for, QuikTrip is now being recognized for another distinction: never laying off an employee.
According to Fortune magazine, the locally based convenience store chain is among just 14 of its "Top 100 Best Companies to Work For" that has a clean record when it comes to laying off workers. The recession has helped the c-store company grow, as land, construction and material costs declined, the publication noted.
"Everybody else was looking at their books to cut back and save, and we took advantage of it," QuikTrip spokesperson Mike Thornbrugh said.
Currently, QuikTrip has 44 stores under construction and every full-time and part-time employee can easily be transferred to another part of the retail chain or a different store if a location shuts down, according to Thornbrugh. QuikTrip is also expanding its next generation store format. Initial testing took place in Dallas and Kansas City, but the convenience store operator recently revealed plans to bring the new format to Wichita, Kan., as CSNews Online previously reported.
The c-store retailer told Fortune that it tries to manage its risks well, and that every decision the company makes is based on long-term results. "We also believe a little bit of luck goes a long way," Thornbrugh said.