99 Ranch Recognized As One Of 2022’s Best Managed Companies
99 Ranch Market, a 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 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 more than 60 stores in 11 states as well as e-commerce and mobile formats. In addition, 99 Ranch continues to expand its footprint across the US 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.” 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 US 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, visit US Best Managed Companies.