Albertsons Companies, Inc is an American grocery company founded and headquartered in Boise, Idaho.
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Albertsons Companies, Inc is an American grocery company founded and headquartered in Boise, Idaho.
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Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
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Albertsons was founded in 1939 by Joe Albertson on July 21 in Boise, Idaho.
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In 1967, Albertsons expanded into Colorado, acquiring eight stores from Furr's Supermarkets.
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Albertsons continued to expand its base in the West during this time.
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In 1973, Albertsons opened its first distribution center in Brea, California.
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In 1974, Albertsons bought the four-store Monte Mart chain in northern California.
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Albertsons bought Fazio's Shopping Bag in 1978 from Fisher Foods, adding 46 stores in Southern California.
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In 1982, Albertsons reorganized its management into four regions: California, Northwest, Intermountain, and South.
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Albertsons continued to add stores in the 1980s, building or acquiring about 283 stores during the decade.
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Albertsons 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 built its first fully mechanized distribution center in Portland, Oregon, in 1988.
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In 1994, Albertsons would acquire four stores from San Diego County chain Big Bear Markets.
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Albertsons launched a new branch of their brand in 1997, Albertsons 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 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 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 began to issue Albertsons Preferred Savings Cards for all of its stores.
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Albertsons LLC included 661 stores and the distribution centers and offices from five of Albertsons divisions.
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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 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 announced that the Haggen Company, a Bellingham, Washington, based grocery chain, was buying 146 Safeway, Albertsons and Vons stores, as required by the antitrust review of the merger.
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Albertsons attempted to IPO with the ticker ABS on October 14,2015, planning to raise as much as $1.
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Albertsons has reportedly postponed the IPO indefinitely, as of October 2015.
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Albertsons would buy back 33 of the stores being sold at auction.
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At least one Albertsons Express from the original generation of Albertson's fuel centers located in Hillsboro, OR remained open in the relaunch of Albertsons Express.
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On February 20,2018, Albertsons announced plans to acquire Rite Aid, subject to shareholder and regulatory approval.
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In 2019, Albertsons opened Albertsons 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 announced the closing of a distribution center in Upper Marlboro, Maryland, laying off up 520 people.
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Albertsons 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 introduced an upscale private label brand, "Essensia", in 2003, which was later renamed by SuperValu as Culinary Circle.
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