New Albertsons Inc.

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Albertsons (officially New Albertsons, Inc.), a wholly owned subsidiary of Eden Prairie, Minnesota-based SuperValu, is a supermarket retailer that operates 463 grocery stores in Washington, Oregon, Idaho, Montana, Wyoming, Nevada, southern California, Florida and certain parts of Utah [1]. Supermarket News ranked parent company Supervalu number five in the 2007 "Top 75 North American Food Retailers".[2]

Contents

History

Beginning

Albertsons was founded by Joe Albertson in 1939 in Boise, Idaho. An ad in the Idaho Statesman newspaper touted Joe Albertson's first store as "Idaho's largest and finest food store". The store was filled with perks that, at the time, were brand new: free parking, a money-back guarantee, even an ice cream shop. The store was located at 17th and State Streets, a few blocks north of downtown Boise.

Joe Albertson's grocery store was an enormous success, and he plowed his profits back into the business. New stores were opened in neighboring towns to the west, Nampa, Caldwell, and Emmett, before Pearl Harbor in late 1941. The company grew steadily in the years following World War II. When Joe Albertson was considering putting a new store in a town, he would drive around the town and look for neighborhoods with lots of children's clothing hanging on clotheslines; he knew that those kinds of neighborhoods were where he wanted to build his stores.

Albertsons, Inc. became a public company in 1959, and its growth continued; in 1964, Joe opened his 100th store, in Seattle. In 1966, Albertsons expanded to southern California by acquiring All American Stores, a small chain in Orange County.

Partnering with Skaggs

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