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Encyclopedia > Bristol Farms
Albertsons
Albertsons logo
Type Wholly owned subsidiary of Supervalu Inc. (Albertsons name licensed to Cerberus Capital Management)
Founded 1939 Boise, Idaho
Location Eden Prairie, Minnesota
Key people Jeff Noddle, Chairman & CEO
Mike Jackson, President & COO
Industry Retail
Products Bakery, dairy, deli, frozen foods, general merchandise, grocery, meat, pharmacy, produce, seafood, snacks, liquor
Employees 241,000
Website www.albertsons.com
A typical Albertsons store.
A typical Albertsons store.

Albertsons is a supermarket retailer and a wholly owned subsidiary of Supervalu. It was ranked number four in sales by Supermarket News — behind Wal-Mart, Kroger and Costco, with only Kroger having more stores. Albertsons logo, claiming fair use This is a copyrighted and/or trademarked logo. ... Cerberus Capital Management LP is large, politically-connected, privately-owned hedge fund. ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... Motto: Energy Peril Success Nickname: City of Trees Map Political Statistics Founded 1863 Incorporated 1864 County Ada County Mayor David H. Bieter Geographic Statistics Area  - Total  - Land  - Water 165. ... Eden Prairie is a city located in Hennepin County, Minnesota. ... Drawing of a self-service store. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the aol 9. ... Image File history File links Albertsons. ... Image File history File links Albertsons. ... Exterior appearance of typical American supermarket (a Safeway) A supermarket or grocery store is a store that sells a wide variety of food. ... Supervalu Inc. ... Wal-Mart Stores, Inc. ... Kroger headquarters in Cincinnati, Ohio. ... Costco Wholesale Corporation NASDAQ: COST is the largest membership warehouse club chain in the world, and headquartered in Issaquah, Washington, United States, with its flagship warehouse #1 in nearby Seattle. ...


As of June 2, 2006, select assets of Albertson's, Inc. are wholly owned by Eden Prairie, Minnesota-based Supervalu Inc. The assets acquired include Albertsons, Max Foods and Super Saver Foods stores in the former Intermountain, Northwest and Southern California (including southern Nevada) regions and all Acme, Bristol Farms, Jewel, Jewel-Osco, Lazy Acres, Save-A-Lot (the stores operated by Shaw's), Shaw's and Star Market stores. The Osco Drug and Sav-on Drugs brand names are also owned by Supervalu. Super Saver is a United States price-impact grocery franchise. ... There are two grocery store chains named Acme. ... Jewel is a supermarket chain that has approximately 200 stores in the Chicago metropolitan area. ... Save-A-Lot is a grocery store chain that is the thirteenth-largest retail chain and sixth-largest chain under a single banner with more than one thousand stores in the United States and $4 billion in sales. ... Shaws, along with sister store, Star Market, is a wholly-owned subsidiary of Eden Prairie, Minnesota-based Supervalu. ... Osco Drug is a chain pharmacy acquired by The Jewel Companies, Inc. ...


CVS/pharmacy has purchased 702 freestanding Osco Drug and Sav-on Drugs stores that are not located in or part of a combination food and drug store. Also included is a warehouse located in La Habra, Calif. The stores will be re-branded as CVS/pharmacy. The transaction was effective June 2, 2006. CVS Corporation, NYSE: CVS is the largest pharmacy chain in the United States, based on store count. ...


On June 2, 2006, Cerberus acquired all Albertsons, County Line Liquor, Grocery Warehouse, Max Foods and Super Saver stores located in the former Dallas-Ft. Worth, Florida, Northern California (inlcuding northern Nevada), Rocky Mountain and Southwest regions along with certain warehouse assets. The agreement also grants Cerberus a perpetual license to use the Albertsons banner and company name ("Albertsons, LLC"). Cerberus Capital Management LP is large, politically-connected, privately-owned hedge fund. ... A limited liability company (denoted by L.L.C. or LLC) is a legal form of company offering limited liability to its owners. ...


Supervalu has publicly stated that Albertsons will continue to have a presence in Boise, Idaho, for a three-year period from the date of acquisition, but has not stated which functions will remain permanently in Boise, Idaho, or transitioned to Eden Prairie, Minnesota.

Contents


History

Albertsons was founded by Joe Albertson in 1939 in Boise, Idaho, USA. An ad in the Idaho Statesman 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 in downtown Boise. Joseph A. Joe Albertson (October 17, 1906 - January 20, 1993) was the founder of the Albertsons chain of grocery stores. ... Motto: Energy Peril Success Nickname: City of Trees Map Political Statistics Founded 1863 Incorporated 1864 County Ada County Mayor David H. Bieter Geographic Statistics Area  - Total  - Land  - Water 165. ... The Idaho Statesman is the most successful daily newspaper in the state of Idaho, first published in 1865 as the Idaho Tri-Weekly Statesman. ...


In 1969, it partnered with Skaggs Companies, Inc. to create the first combination grocery/drug store. Later, Albertsons acquired Seessel's, Smitty's, Super One Foods, Buttrey Food and Drug, and Bruno's. The Skaggs Companies were predecessors to many famous United States retailing chains, including Safeway, Albertsons, Osco, Longs Drug Stores. ...


A predecessor company to Albertsons, The Jewel Companies, Inc., based in Melrose Park, Illinois, merged with American Stores Company in 1984. Prior to Jewel's hostile takeover by American Stores, Jewel Companies operated Jewel Food Stores, Osco Drug, Jewel-Osco, Eisner Food Stores, Buttrey Food and Drug, Sav-on Drugs, Star Market, Crest photo lab and White Hen Pantry among its many operations. In 1994, Star Market (then owned by American Stores Company) was sold to Investcorp. In 1998, Investcorp sold Star Market to Shaw's Supermarkets with the sale completed in 1999. Jewel had experimented with many formats through its long and storied history, including two deep discount formats, one named Budget with stores in Schaumburg and Crystal Lake, Illinois, and another named Magna with one store located in Rockford, Illinois. During the 1970's, Jewel operated a forerunner to today's superstore format using the name Jewel Grand Bazaar. Jewel also operated Turn-Style department stores. When Jewel disposed of Turn-Style, Venture Stores acquired many of the former Turn-Style locations. Jewel is best known for pioneering the first Jewel-Osco "combo" store in 1962. Today, the "combo" store format is used by Albertsons throughout many of its divisions. White Hen Pantry (known as White Hen in the midwest) is a Lombard, Illinois-based chain of approximately 265 predominantly franchisee-owned convenience stores located in the greater Chicago and Boston areas. ...


In 1998, Albertsons acquired American Stores Company, which included the chains Acme, Lucky, Jewel, Jewel-Osco, Osco Drug and Sav-on Drugs. The Lucky stores were converted to Albertsons in November 1999, and the Lucky brand name was retired until April 2006, when Albertsons returned the Lucky Stores brand name to their website due to a dispute with Grocery Outlet. American Stores was the name of a United States chain of supermarkets. ... Lucky Stores first began in San Mateo County, California when Charles Crouch expanded his lucky stores to the East Bay in 1935. ... Grocery Outlet is a privately owned supermarket chain. ...


In 2001, Albertsons sold its free-standing Osco stores in the northeastern states to Jean Coutu Group, a Canadian drug store company. Those stores were rebranded as Brooks Pharmacy after the sale was completed in January 2002. In March 2005, Albertsons re-introduced the Osco brand name to the New England region by way of its Shaw's and Star Market pharmacies. The Jean Coutu Group (PJC) Inc. ...


Albertsons exited the San Antonio, Texas, market in April 2002 by closing its 20 remaining area stores after already shuttering three other stores in December 2001. Albertsons was the area's second top grocer to market innovator H-E-B. At the time of the withdrawal, the 44-store H-E-B chain held a commanding 61 market share, while Albertsons held a 15 market share. Albertsons was the area's third top grocer before Kroger exited the market in mid-1993 when it closed its 15 area stores. Then, H-E-B's 37 area stores held a 43.2 market share, Kroger's 15 area stores a 13.7 share, and Albertsons 10 stores a 13.1 share. Nickname: Alamo City Official website: www. ... Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 268,581 sq. ... For album titles with the same name, see 2002 (album). ... 2001: A Space Odyssey. ... H.E. Butt Grocery Company (abbreviated H-E-B) is a Texas supermarket chain with over 300 stores and 56,000 employees. ... Kroger headquarters in Cincinnati, Ohio. ...


Also in 2002, Albertsons sold its Seessel's supermarket chain in Memphis and parts of Mississippi to Schnucks. Nickname The River City, The Bluff City Location Location in Shelby County and the state of Tennessee Government Country State Counties United States Tennessee Shelby County Mayor W. W. Herenton (D) Geographical characteristics Area  - Total  - Land  - Water 294. ... Official language(s) English Capital Jackson Largest city Jackson Area  Ranked 32nd  - Total 48,434 sq. ... Schnucks is the 10th largest, privately held grocery store chain in the United States. ...


In 2004, Albertsons acquired Shaw's Supermarkets and Star Market Company from J Sainsbury plc for $2.5 billion. J Sainsbury HQ in Holborn Circus J Sainsbury plc is the parent company of Sainsburys Supermarkets Ltd, commonly known as Sainsburys, which is a chain of supermarkets in the United Kingdom. ...


Acquisition of Albertsons

On January 23, 2006, Supervalu, CVS/pharmacy, and an investment group led by Cerberus Capital Management announced they had agreed to acquire Albertsons for $17.4 billion in cash, stock and debt assumption. As of June 2, 2006, the company's retail stores have been divided as follows: January 23 is the 23rd day of the year in the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Supervalu Inc. ... CVS Corporation, NYSE: CVS is the largest pharmacy chain in the United States, based on store count. ... Cerberus Capital Management LP is large, politically-connected, privately-owned hedge fund. ...

  • Supervalu has acquired 1124 stores, including Albertsons, Max Foods and Super Saver Foods stores located in the former Intermountain, Northwest, Southern California (including Southern Nevada) regions and all Acme, Bristol Farms, Jewel, Jewel-Osco, Lazy Acres, Save-A-Lot (those operated by Shaw's), Shaw's and Star Market stores;
  • Supervalu has also acquired 11 distribution centers, 722 in-store pharmacies and 107 fuel centers;
  • Supervalu has divested two Jewel-Osco stores in Springfield, Ill., to Cerberus;
  • CVS has acquired all (approximately 702) of the stand-alone Osco Drug and Sav-on Drug stores in the Midwest, Southwest, Southern California and Nevada, and a warehouse located in La Habra, Calif., rebranding them all as CVS/pharmacy; and
  • The Cerberus-led group acquired 655 Albertsons, County Line Liquor, Grocery Warehouse, Max Foods and Super Saver stores in the former Dallas-Fort Worth, Florida, Northern California (including northern Nevada), Rocky Mountain and Southwest regions. Cerberus also acquired two Jewel-Osco stores in Springfield, Ill., from Supervalu. Cerberus will have one year in which to sell the two stores, with 80 percent of the proceeds paid to Supervalu.

The agreement also included terms for dividing up distribution centers and other real estate and support operations, as well as the sale of 26 Chicago-area Cub Foods from Supervalu to the Cerberus-led investor group. Since Cerberus has taken control of the Cub Foods locations, Cerberus has announced that four locations (Algonquin, Bedford Park, Chicago and Naperville) will be closed by June 24, 2006. CVS Corporation, NYSE: CVS is the largest pharmacy chain in the United States, based on store count. ... Supervalu Inc. ...


Albertson's, Inc., is no longer a separate publicly traded company and has been removed from the NYSE. Albertsons will only exist as a nameplate for the grocery stores acquired by Supervalu and Cerberus.


Chains

Grocery Stores

At many of the Albertsons family of grocery stores with pharmacies, the Osco and Sav-on brand names were used along with the name of grocery store. However, Bristol Farms, Lazy Acres, Max Foods, and Super Saver did not offer pharmacy services.


An exception is Jewel-Osco. Jewel-Osco are two separate stores combined into one without walls. However, each side maintains separate management, union contract, business and liquor licenses.

  • Acme
  • Albertsons
  • Bristol Farms
  • Grocery Warehouse
  • Jewel
  • Jewel-Osco
  • Lazy Acres
  • Max Food & Drug
  • Save-A-Lot (Owned by Supervalu; some locations operated by Shaw's)
  • Shaw's
  • Star Market
  • Super Saver Foods

Other

  • Acme Express
  • Albertsons Express
  • County Line Liquor
  • Jewel Express
  • Osco Drug
  • Sav-on Drugs
  • Toys "R" Us Toy Box (Located in select Acme, Albertsons, Jewel, Jewel-Osco, Shaw's and Star Market stores)

Toys R Us is a toy store chain based in the United States. ...

Technology

Albertsons was increasingly progressive in the area of technology, having in recent years added a "check out while you go" system, where shoppers scanned items as they shopped and quickly paid before leaving.


Albertsons had also offered (in certain areas) its customers the option to shop from home via the company's website, www.albertsons.com. Pickups were arranged at the store, or the items were delivered to the customer's home. In areas where this program was in effect, it was widely advertised over television and radio by corporate spokeswoman Patricia Heaton. A spokesperson (person could be replaced with the gender of the person), or spokesmodel is a person who speaks on behalf of others, but is understood not to be necessarily part of the others (e. ... Patricia Heatons red hair has become something of a trademark for her. ...


Unions

Albertsons had contracts with the United Food and Commercial Workers (UFCW), the largest grocery union in the United States. In late 2003 and early 2004, Albertsons, along with competitor Ralphs (owned by Kroger), locked out its workers who were members of the UFCW in Southern California, in sympathy with competitor Vons (owned by Safeway), whose UFCW workers were on strike. The issues in contract negotiations included health care benefits and wage structure. The UFCW lost its bid to keep its benefit and wage language in the contract intact, a reflection of how former Albertsons management viewed the developing Wal-Mart Supercenter (Wal-Marts with a grocery component) situation in Southern California. At present, starting wages and benefits given to new Albertsons employees are lower than those of employees hired before the labor dispute. Employee approval continues to decline with the increasing distance in associate and corporate relations (as of 2006). The United Food and Commercial Workers International Union is a labor union representing approximately 1. ... A union (labor union in American English; trade union, sometimes trades union, in British English; either labour union or trade union in Canadian English) is a legal entity consisting of employees or workers having a common interest, such as all the assembly workers for one employer, or all the workers... Ralphs is a major supermarket chain in the Southern California area. ... Kroger headquarters in Cincinnati, Ohio. ... A lockout is a work stoppage in which an employer prevents employees from working. ... Southern California Downtown Los Angeles Skyline Vintage Disneyland Southern California, sometimes abbreviated SoCal or colloquially, the Southland, is an informal name for the megalopolis and nearby desert that occupies the southern-most quarter of the state of California. ... Vons is a Southern California supermarket chain, and is a division of Safeway Inc. ... Safeway Inc. ... Wal-Mart Stores, Inc. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...


Litigation

On May 31, 2006, Albertsons agreed to pay a $2 million fine to settle a consumer-protection case brought by three California counties and the city of San Diego that accused the supermarket chain of overcharging consumers by improperly weighing salads and bulk food items. [1]


External links

  • Official site, including history and announcement of sale
  • The New Supervalu, summarizing the impact of the Albertsons acquisition
  • Site critical of the company's sale
  • Yahoo! profile

 
 

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