Albertsons, Inc.
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| Private | |
| Industry | Retail / Grocery |
| Founded | July 21, 1939 Boise, Idaho, U.S. |
| Founder | Joe Albertson |
| Headquarters | Boise, Idaho, U.S. |
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Number of locations
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 2,205 (2015, including Safeway) |
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Key people
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Robert G. Miller (Chairman & CEO) Bob Gordon (EVP & General Counsel) |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Services | Supermarket |
| Revenue |
US$58.7 billion (2016) |
 US$407.9 million (2016) |
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| Owner | Cerberus Capital Management |
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Number of employees
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164,000 (2016) |
| Subsidiaries |
Safeway Inc. Acme Markets |
| Website | www |
Albertsons Companies Inc. is an American grocery company founded and based in Boise, Idaho. It is privately owned and operated by investors, including Cerberus Capital Management.
With 2,200 stores and more than 250,000 employees, the company is the second largest supermarket chain in North America after Kroger, which has 2,424 stores. Prior to its January 2015 merger with Safeway Inc. for $9.2 billion, it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC (a Cerberus Capital Management–led consortium). After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015. The company's corporate name was Albertson's until 2002, when the apostrophe was removed.
Albertsons was founded by Joe Albertson on July 21, 1939 in Boise, Idaho. An ad in the Idaho Statesman newspaper 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, and even an ice cream shop. The original store was built onto several times, but it was demolished in 1979 and a replacement store built on the same property. A brick monument stands on the northwest corner of 16th and State Streets in downtown Boise, commemorating the original store.
Joe Albertson's grocery store was an enormous success, and he plowed his profits back into the business. New stores were opened in neighboring towns to the west, Nampa, Caldwell, and Emmett, before Pearl Harbor in late 1941. The company grew steadily in the years following World War II. When Albertson was considering putting a new store in a town, he would drive around the town and look for neighborhoods with lots of children's clothing hanging on clotheslines; he knew that those kinds of neighborhoods were where he wanted to build his stores.
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