| Joe Coulombe | |
|---|---|
| Born | Joseph Hardin Coulombe June 3, 1930 San Diego, CA, USA |
| Known for | Founder of Trader Joe's |
| Spouse | Alice Steere Coulombe |
Joe Coulombe (born June 3, 1930)[1] is an American entrepreneur. He is a graduate of Stanford University and is a member of Alpha Kappa Lambda. He founded the grocery store chain Trader Joe's in 1967.[2]
After earning his MBA in 1954, he joined Rexall and was asked to test the launch of a store brand to compete against 7-eleven, Pronto Markets. After running six Pronto Markets in the Los Angeles area, Rexall asked Coulombe to close them down. The young entrepreneur decided to buy them out instead.[3]
After a decade of refining his strategy in a competitive environment, Coulombe created Trader Joe's in Pasadena in 1967. He led the chain to success and sold it to German billionaire Theo Albrecht in 1979. Coulombe continued with Trader Joe's as chief executive until retiring in 1988.[2]
Since then, he has served on boards of various companies, most recently Cost Plus and True Religion Apparel.[4] In 2000 Los Angeles magazine named him one of 10 almost famous Angelenos who helped shape the city’s culture.[2]