
Market Basket
United States"More for Your Dollar"
About
Arthur T. Demoulas stood at the front of a Waltham store in August 2014, watching employees walk off the job rather than accept new management terms. The mass protest shut down dozens of locations across New England as workers feared their family-run employer would be sold to a corporate giant that would slash wages and benefits. That standoff defined the brand's identity: a grocery chain where employee loyalty drives customer prices lower than anywhere else in the region.
The company operates under the legal name Demoulas Super Markets, Inc., with its main hub in Tewksbury, Massachusetts. It runs roughly 90 stores in Massachusetts, New Hampshire, Maine, and Rhode Island, competing directly with Stop & Shop and Shaw's while maintaining significantly lower price points. This strategy relies on a lean cost structure that avoids heavy debt and aggressive expansion, allowing the business to pass savings directly to shoppers who return week after week.
Leadership dynamics shifted dramatically again in recent years when Arthur T. Demoulas faced removal from his CEO role by the board of directors in late 2025. A judge later ruled in April 2026 that this ousting was valid, ending decades of co-leadership between cousins. Despite the internal turmoil, the chain continues to open new locations like the one scheduled for Scarborough, Maine, in November 2026, proving the model survives even when family governance fractures.
Products & Sub-brands
Frequently Asked Questions
Who owns Market Basket?
Is Market Basket still in business?
What is the difference between Market Basket and Stop & Shop?
Where is Market Basket headquartered?
Why did Arthur T. Demoulas leave Market Basket?
Keywords
Sources
Company Info
- Founded
- 1917
- Founder
- Athanasios "Arthur" Demoulas, Efrosine Demoulas
- Headquarters
- Tewksbury, Massachusetts
- Industry
- Grocery retail
- Parent Company
- Demoulas Super Markets, Inc.
- Number of Stores
- Approximately 90
- 2014 Buyout Price
- $1.5 billion
- Key States
- Massachusetts, New Hampshire, Maine, Rhode Island
- CEO Ousted
- Late 2025 / Early 2026
Official Website
www.shopmarketbasket.com
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