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 | 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 |
| Revenue | $8.0 billion USD (2006) |
| Employees | 43,000 |
| Slogan | It means a great deal |
| Website | www.albertsonsmarket.com |
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. Supermarket News ranked Albertsons LLC No. 19 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $8.0 billion.[1]
Contents |
[edit] History
[edit] Beginnings
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. 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. [2]
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.
[edit] Realignment
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 Albertsons locations. Save Mart began operating the 132 new stores as of February 2007. [3]
Albertsons LLC announced in December 2006 that it would be closing five unprofitable stores in North Texas. The closures will leave Albertsons LLC with 78 stores in the Dallas-Fort Worth market.[4] It was announced on January 29, 2007, that 11 more stores in Texas would be shuttered, including six in the Dallas area. After the closures, Albertsons will operate 71 stores in Dallas-Fort Worth and 93 in Texas.[5]
Store closings were also announced for Arizona and Colorado, when it was announced in January 2007 that eight Albertsons and two Grocery Warehouse stores would be closed.[6][7]
[edit] Chains
- Albertsons 360 locations (Arizona, Colorado, Florida, Louisiana, New Mexico, Oklahoma and Texas)
- County Line Liquor 1 location (Colorado)
- Grocery Warehouse 1 location (Texas)
- Max Foods 2 locations (Texas)
- Super Saver Foods 2 locations (Utah)[8]
[edit] References
- ^ 2007 Top 75 North American Food Retailers, Supermarket News, Last accessed February 24, 2007.
- ^ 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
- ^ Albertsons LLC to Close Five Texas Stores, Supermarket News, December 4, 2006.
- ^ Albertsons to close 6 D-FW stores, The Dallas Morning News, January 29, 2007.
- ^ Oro Valley Albertsons to close; employees keep jobs, Arizona Daily Star, January 24, 2007.
- ^ Albertsons to close nine stores, Rocky Mountain News, January 20, 2007.
- ^ More Albertsons Closings Announced - Morning News Beat, June 14, 2006
