Albertsons LLC
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- This article is about the stores owned by Cerberus Capital Management. For the stores of the same name owned by Supervalu, see Albertsons.
| Albertsons LLC | |
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| Type of Company | Private |
|---|---|
| Founded | 2006 (Boise, Idaho) |
| Headquarters | Boise, Idaho |
| Key people | Robert Miller, CEO |
| Industry | Retail |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Website | www.albertsonsllc.org |
Albertsons LLC is a chain of grocery stores owned and operated by Cerberus Capital Management after the acquisition of Albertson's, Inc., by Supervalu. As part of the transaction, Supervalu granted Cerberus a license to continue to operate Cerberus-owned stores under the Albertsons banner.
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[edit] History
Albertsons LLC is one of the successor companies to Albertson's, Inc. Albertson's, Inc., was founded by Joe Albertson in 1939 in Boise, Idaho, USA. An ad in the Idaho Statesman 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, even an ice cream shop. The store was located at 17th and State Streets in downtown Boise.
It was announced in June 2006 that Cerberus will be closing 100 Albertsons stores in Arizona, Northern California, Colorado, Florida, Louisiana, Oklahoma and Texas and four Super Saver Foods in Florida by August 2006. [1]
Albertsons LLC announced that it is shutting down its online delivery service on July 21, 2006.
Following the transition, Cerberus-operated Albertsons are in the process of removing all DVD video rental sections from stores; instead, new NFL and college-licensed merchandise will be sold in hopes of improving sales and store profit.
It was announced on November 27, 2006 that Albertsons LLC signed an agreement with Save Mart Supermarkets to sell its Northern California and Northern Nevada Albertson locations. Save Mart will begin operating the 132 new stores by end of February 2007. [2]
[edit] Chains
- Albertsons 655 locations (Arizona, Northern California, Colorado, Florida, Louisiana, Oklahoma and Texas)
- County Line Liquor 1 location (Texas)
- Grocery Warehouse 1 location (Texas)
- Max Foods 2 locations (Texas)
- Super Saver Foods 27 locations (Utah, Texas, Florida, Louisiana)
[edit] References
- ^ Albertsons to close 100 stores in 5 states Seattle Post-Intellingencer, June 8, 2006
- ^ Albertsons is sold in Northern California San Jose Mercury News, November 28, 2006
[edit] External links
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