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Encyclopedia > Lazy Acres
New Albertson's, Inc.
Albertsons logo
Type Wholly owned subsidiary of Supervalu Inc.
Founded 1939 (Boise, Idaho)
Location Eden Prairie, Minnesota
Key people Jeff Noddle, Chairman and CEO
Mike Jackson, President and COO
Pete Van Helden, Senior Vice President; President, Retail West
Industry Retail
Products Bakery, dairy, deli, frozen foods, grocery, meat, pharmacy, produce, seafood, snacks, liquor
Employees 241,000
Website www.albertsons.com
A typical Albertsons store.
A typical Albertsons store.

Albertsons (officially New Albertson's, Inc.), a wholly owned subsidiary of Eden Prairie, Minnesota-based Supervalu, is a supermarket retailer that, at its peak, operated more than 2,500 grocery stores and 700 drug stores in 37 states with approximately 230,000 associates. Supervalu granted Cerberus a license to continue to operate Cerberus-owned stores under the Albertsons banner. 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. ... Supervalu Inc. ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... Flag Seal Nickname: City of Trees Motto: Energy Peril Success Location Coordinates , Government Country State County United States Idaho Ada Founded Incorporated 1863 1864 Mayor David H. Bieter Geographical characteristics Area     City 165. ... Location Location in Hennepin County Coordinates , Government Country State County United States Minnesota Hennepin County founded incorporated 1858 1960s Mayor Nancy Tyra-Lukens Geographical characteristics Area     City 91. ... Drawing of a self-service store. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... Image File history File links Albertsons. ... Image File history File links Albertsons. ... Supervalu Inc. ... Exterior appearance of typical American supermarket (a Safeway) A supermarket or grocery store is a store that sells a wide variety of food. ... Wal-Mart Stores, Inc. ... Kroger headquarters in Cincinnati, Ohio. ... Costco Wholesale Corporation NASDAQ: COST is a membership warehouse club chain and headquartered in Issaquah, Washington, United States, with its flagship warehouse #1 in nearby Seattle. ...

Contents


History

Beginning

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. ... Flag Seal Nickname: City of Trees Motto: Energy Peril Success Location Coordinates , Government Country State County United States Idaho Ada Founded Incorporated 1863 1864 Mayor David H. Bieter Geographical characteristics Area     City 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 & Drug, and Bruno's. 1969 (MCMLXIX) was a common year starting on Wednesday (the link is to a full 1969 calendar). ... The Skaggs Companies were predecessors to many famous United States retailing chains, including Safeway, Albertsons, Osco, Longs Drug Stores. ...


American Stores

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 brand name to their website due to a dispute with Grocery Outlet. 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... 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. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Grocery Outlet is a privately owned supermarket chain. ...


2000s

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. 2001: A Space Odyssey. ... The Jean Coutu Group (PJC) Inc. ... For album titles with the same name, see 2002 (album). ...


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. Flag Seal Nickname: Alamo City Location Location in the state of Texas Coordinates , Government Counties Bexar County Mayor Phil Hardberger Geographical characteristics Area     City 1067. ... Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area  Ranked 2nd  - Total 268,581 sq mi (695,622 km²)  - Width 660 miles (1,065 km)  - Length 790 miles (1,270 km)  - % water 2. ... 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, and pulled out of Houston, closing its 43 area stores after entering that market in 1990. 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 mi (125,443 km²)  - Width 170 miles (275 km)  - Length 340 miles (545 km)  - % water 3  - Latitude 30°13N to 35°N  - Longitude 88°7W to 91°41W Population  Ranked 31st... 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. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... 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. January 23 is the 23rd day of the year in 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. ...


As of June 2, 2006, the company's retail stores have been divided as follows:

  • Supervalu has acquired 1124 stores in the deal, including:
    • Acme (134 locations)
    • Acme Express, Jewel Express, and Albertsons Express (107 fuel centers)
    • Albertsons (564 locations)
    • Bristol Farms (11 locations)
    • Jewel and Jewel-Osco (198 locations)
    • Lazy Acres (1 location)
    • Max Foods (4 locations)
    • Osco Pharmacy and Sav-on Pharmacy (906 pharmacies)
    • Save-A-Lot (2 stores franchised by Shaw's)
    • Shaw's (188 locations)
    • Star Market (20 locations)
    • Super Saver Foods (1 location)
    • Distribution centers (11 centers)
  • CVS has acquired all (approximately 702) of the stand-alone Osco Drug and Sav-on Drugs rebranding them all as CVS/pharmacy.
  • The Cerberus-led group acquired:
    • Albertsons (655 locations)
    • County Line Liquor (1 location)
    • Grocery Warehouse (1 location)
    • Jewel-Osco (2 locations)
    • Max Foods
    • Super Saver Foods

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. ... June 24 is the 175th day of the year (176th in leap years) in the Gregorian Calendar, with 190 days remaining. ...


After Acquisition

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.


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. New Albertson's, Inc., has become the successor company to Albertsons according to SEC filings. [1] Albertsons LLC was also formed as part of the reorganization of assets and liabilities and will eventually be led by the Cerberus group. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Albertsons LLC is a chain of grocery stores owned and operated by Cerberus Capital Management after the acquisition of Albertsons, Inc. ...


Chains

  • Acme (134 locations)
  • Acme Express, Albertsons Express, and Jewel Express
  • Albertsons (1219 locations)
  • Bristol Farms (11 locations)
  • County Line Liquor (1 location)
  • Grocery Warehouse (1 location)
  • Jewel and Jewel-Osco (200 locations)
  • Lazy Acres (1 location)
  • Max Foods
  • Osco Drug and Sav-on Drugs (702 locations)
  • Osco Pharmacy and Sav-on Pharmacy (906 pharmacies)
  • Save-A-Lot (2 locations; franchised by Shaw's)
  • Shaw's (188 locations)
  • Star Market (20 locations)
  • Super Saver Foods

There are two grocery store chains named Acme. ... Jewel is a supermarket chain that has approximately 200 stores in the Chicago metropolitan area. ... Osco Drug is a chain pharmacy acquired by The Jewel Companies, Inc. ... Shaws Supermarkets, along with sister store Star Markets, is presently the second largest grocery group in the northeast United States. ... Super Saver is a United States price-impact grocery franchise. ...

Brands

Albertsons owns several store brands ("private label" brands), often bearing the name of the chain sold under, e.g. "Jewel" brand products in the Jewel and Jewel-Osco locations. It also introduced an upscale private label brand by the name of Essensia in 2003, which is sold across its chains. Swedish grocery store where private label products (under the brands Hemköp and Eldorado, Axfood) are placed along with other brands such as Knorr (Unilever) and Blå band (Campbell Soup). ...


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 Heaton (as Debra Barone, between Amy (Monica Horan) and Marie (Doris Roberts) in scene from Raymond Patricia Heaton (born March 4, 1958 in Bay Village, Ohio) is an Emmy Award-winning American actress best known for playing Debra Barone on the CBS television sitcom Everybody Loves Raymond (1996-2005...


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 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... A Ralphs Marketplace in Porter Ranch, Los Angeles, California Ralphs Grocery Company 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 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 U.S. state of California. ... Vons is a Southern California supermarket chain, and is a division of Safeway Inc. ... Safeway headquarters in Pleasanton Safeway Inc. ... Wal-Mart Stores, Inc. ...


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. [2] May 31 is the 151st day of the year in the Gregorian calendar (152nd in leap years), with 214 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Flag Seal Nickname: Americas Finest City Location Location of San Diego within San Diego County Coordinates , Government County San Diego Mayor City Attorney         City Council District One District Two District Three District Four District Five District Six District Seven District Eight Jerry Sanders (R) Michael Aguirre Scott Peters Kevin...


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

 
 

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