Albertsons SuccessStory

Albertsons is a well known grocery company based in United States of America. With its headquarters in Boise, Idaho, the company deals a number of products like bakery, dairy, frozen foods, sea foods, pharmacy, general grocery, meat, snacks and liquor. The company also has a large number of supermarkets through which it retails it products to the consumers.

History

Founded in the year 1939 by Joe Albertson, Albertsons was a one of its kind store in Idaho at that time. With some very different perks that were not available anywhere else like an integrated ice cream parlor, free parking and money back option, the store went on to make a name for itself among the local customers. The popularity of the store brought in many customers and a lot of profit, which prompted Joe to open similar stores in the neighboring cities. He went on to open new stores in Nampa, Emmett and Caldwell. After the World War II, the company grew on a steady basis. In the year 1959, the company went public. However, there was no stopping the growth of the company. It opened its 100^th store in 1964 in Seattle.

Acquisitions and Partnerships

In order to expand its business, Albertsons went on to partner with a number of companies and even acquired a few. The company got into a partnership with Skaggs Drug Center in 1969 and went on to open its new shop which offered both food and medicines to the customers. However the partnership soon ended. In 1992, Albertsons acquired 74 of the Skaggs Stores and renamed them as Albertsons. The company made its biggest acquisition in 1999, when it acquired American Store Company. This company consisted of a number of food chains and pharmacy chains like ACME, Jewel, Lucky, Sav-on Drug and Osco Drug. This acquisition made Albertsons the largest grocery chain of the time. In 2004, Albertsons acquired Star Market Company and Shaw’s Supermarket.