History:
Albertsons, a wholly owned subsidiary of Supervalu, is a supermarket retailer operating grocery stores and drug stores. Joe Albertson founded Albertsons in 1939 in Boise, Idaho.In 1969, Albertsons entered into partnership with Skaggs Companies, Inc. and the first combination of drug/grocery stores was created. The partnership dissolved in 1977. In 1999, Albertsons made its biggest acquisition: American Stores Company.
Supervalu, an investment group led by Cerberus Capital Management, acquired Albertsons in January, 2006. Now, Albertson's Inc. is not 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. The mission of Albertsons is to satisfy their customers in the retail business. Albertson's businesses or products are:
- Bakery
- Dairy
- Deli
- Frozen foods
- Grocery
- Meat
- Pharmacy
- Produce
- Seafood
- Snacks
- Liquor
Key Statistics
- Assets held by Albertsons are worth $17,871.0 million.
- Albertsons has made profits worth $446.0 million (0.5% change from 2004) in 2006.
- Albertsons operates in about 37 states of USA.
- There are 241,000 employees working in Albertsons.
International Ranking:
- Ranked 468 in the world according to the Forbes magazine.
- Albertsons ranks 139 in Fortune Global 500 list.
Headquarter Address
250 Parkcenter Blvd.,Boise, ID 83642
United States
Phone: 208-395-6200
Website URL:s www.albertsons.com
