2001 Larry Johnston joins Albertsons as Chairman of the Board and Chief Executive Officer.1999 Albertsons and American Stores Company merge.1978 Albertsons builds Boise General Office.1959 Albertsons becomes a public entity and begins selling shares over the counter.1957 Albertsons begins incorporating drug stores in the new Albertsons Food Centers with the purchase of Sugarhouse Drug in Salt Lake City.1951 Albertsons opens first combination food and drug store, a 60,000-square-foot superstore.Skaggs’ accountant, and opens his first Albertsons store in Boise, Idaho. 1939 Joe Albertson enters into partnership with L.S.Here's a brief timeline provided by RedSky Public Relations:
Shoppers weren't used to grocery stores that included a bakery, automatic doughnut machines, magazine racks and ice cream cones. He's quoted as saying, "In good times or bad, people have to eat, so I figure it's a good business."Īccording to material from Albertsons' old website, that first Boise store was revolutionary. Louis Business Journal, the drug store chain CVS purchased 700 of Albertsons' Sav-on and Osco Drug stores "and Albertson's ownership interests in the drugstore real estate for about $2.9 billion."Īlbertsons Boise-based workforce, including its headquarters, shrank from between 5,000 and 6,000 employees to between 3,000 and 4,000, according to Idaho Department of Labor data.Īlbertsons, familiar to Idahoans as the store with the big blue A, was founded in Boise in 1939 by Joe Albertson. Minneapolis-based Supervalu purchased the company for $17.4 billion.Īccording to the St. was split into pieces in 2006, and the majority of it was acquired by grocery store giant Supervalu. Supervalu sold all Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores in a $3.3 billion deal to Cerberus Capital Management, the investment firm that purchased some of the Albertsons stores in 2006.Īlbertsons Inc. In 2013, the Albertsons brand was reunited under one company umbrella.
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