33 Facts About Albertsons Inc


Albertsons Companies, Inc is an American grocery company founded and headquartered in Boise, Idaho.

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Albertsons Inc was founded in 1939 by Joe Albertson on July 21 in Boise, Idaho.

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Albertson's, Albertsons Inc became a public company in 1959, and its growth continued, opening its hundredth store in Seattle in 1962.

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In 1967, Albertsons Inc expanded into Colorado, acquiring eight stores from Furr's Supermarkets.

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Skaggs kept stores in Texas, Oklahoma, and Arkansas, and Albertsons Inc kept stores in Florida, Alabama, and Louisiana, as well as some Texas stores.

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Albertsons Inc continued to expand its base in the West during this time.

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In 1973, Albertsons Inc opened its first distribution center in Brea, California.

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In 1974, Albertsons Inc bought the four-store Monte Mart chain in northern California.

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Albertsons Inc bought Fazio's Shopping Bag in 1978 from Fisher Foods, adding 46 stores in Southern California.

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In 1982, Albertsons Inc reorganized its management into four regions: California, Northwest, Intermountain, and South.

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Albertsons Inc continued to add stores in the 1980s, building or acquiring about 283 stores during the decade.

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Albertsons Inc continued to expand in Texas beyond the Skaggs base in north Texas and San Antonio, re-entering the Dallas–Fort Worth market in 1984, and adding three Skaggs-Alpha Beta stores in Austin within months after entering that market in early 1989 with the acquisition of six Tom Thumb stores.

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Albertsons Inc built its first fully mechanized distribution center in Portland, Oregon, in 1988.

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In 1994, Albertsons Inc would acquire four stores from San Diego County chain Big Bear Markets.

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Albertsons Inc launched a new branch of their brand in 1997, Albertsons Inc Express.

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In 1998, Albertsons made its biggest acquisition yet: American Stores Company, which included the chains ACME in Pennsylvania, New Jersey, Maryland, and Delaware; Lucky in California and Nevada; Jewel, Jewel-Osco in Illinois, Indiana, and Iowa, and two drug store chains: Osco Drug, with a presence in New England, the Midwest, Montana and Arizona; and Sav-on Drugs, with a presence in Southern California, Nevada, Western Arizona, and New Mexico.

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In January 2001, Albertsons Inc restructured its "districts" to a divisional structure mostly based around distribution centers, with a drug store division and 18 regional division offices.

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Albertsons Inc sold its freestanding Osco Drug stores in the northeastern states to Jean Coutu Group, a Canadian drug store company.

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In 2001, the short-lived Des Moines stores would close as well and Albertsons Inc began to issue Albertsons Inc Preferred Savings Cards for all of its stores.

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Albertsons LLC was technically the successor company to Albertsons according to SEC filings but it was New Albertsons Inc that assumed most of the debt, got most of the property, and transitioned Albertsons stock into SuperValu stock.

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On June 6,2006, only one week after Albertsons LLC was created, the company announced its intent to close 100 Albertsons stores by August 2006, including all but two Super Saver stores.

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Albertsons Inc gradually converted all the stores to its Save Mart banner over summer 2007, except for stores in the San Francisco Bay area, which were rebranded as Lucky.

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In December 2014, Albertsons Inc announced that the Haggen Company, a Bellingham, Washington, based grocery chain, was buying 146 Safeway, Albertsons Inc and Vons stores, as required by the antitrust review of the merger.

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Albertsons Inc attempted to IPO with the ticker ABS on October 14,2015, planning to raise as much as $1.

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Albertsons Inc has reportedly postponed the IPO indefinitely, as of October 2015.

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Albertsons Inc would buy back 33 of the stores being sold at auction.

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At least one Albertsons Inc Express from the original generation of Albertson's fuel centers located in Hillsboro, OR remained open in the relaunch of Albertsons Inc Express.

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On February 20,2018, Albertsons Inc announced plans to acquire Rite Aid, subject to shareholder and regulatory approval.

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In 2019, Albertsons Inc opened Albertsons Inc Market Street in Meridian, Idaho, a flagship store located in a converted ShopKo store and based on the Market Street brand of United Supermarkets.

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In 2020, Albertsons Inc announced the closing of a distribution center in Upper Marlboro, Maryland, laying off up 520 people.

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Albertsons Inc said its duties will be shifted to an existing distribution center in Lancaster, Pennsylvania, which will add up to 300 workers.

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Albertsons Inc introduced an upscale private label brand, "Essensia", in 2003, which was later renamed by SuperValu as Culinary Circle.

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Albertsons Inc started selling Lucerne dairy products, Mom To Mom baby products, and Priority Pet Food as well.

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