Albertsons

Albertsons Companies, Inc.

Company type	Public
Traded as	NYSE: [ ACI]
Industry	Retail
Founded	July  21, 1939 (1939-07-21)
Founder	Joe Albertson
Number of locations	2,252 (2020)
Area served	United States
Key people	Vivek Sankaran (CEO)
Revenue	$62.455 billion (2020)
Operating income	$1.438 billion (2020)
Net income	$850.2 million (2020)
Total assets	$24.735 billion (2020)
Total equity	$2.278 billion (2020)
Number of employees	325,000 (2020)
Parent	Cerberus Capital Management
Website	www.albertsons.com

Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. It is one of the largest food and drug retailers in the United States, operating stores under 20 well-known banners across 34 states and the District of Columbia.

History

Albertsons was founded by Joe Albertson on July 21, 1939, in Boise, Idaho. The first store was located at 16th and State Streets in Boise. The company expanded rapidly, and by 1959, it had grown to over 100 stores. In 1969, Albertsons became a publicly traded company.

In the 1990s, Albertsons expanded further by acquiring several regional chains, including Jewel-Osco, Acme Markets, and Shaw's. In 1999, Albertsons merged with American Stores Company, which significantly increased its footprint.

In 2006, Albertsons was acquired by a consortium led by Cerberus Capital Management, and the company was split into three parts. The standalone Albertsons stores were sold to SuperValu, while the remaining stores were operated under the Albertsons LLC banner.

In 2013, Albertsons LLC acquired the stores it had sold to SuperValu, reuniting the company. In 2015, Albertsons merged with Safeway Inc., creating one of the largest food and drug retailers in the United States.

Operations

Albertsons operates stores under various banners, including Safeway, Vons, Jewel-Osco, Shaw's, Acme Markets, Tom Thumb, Randalls, United Supermarkets, Pavilions, Carrs-Safeway, Haggen, and Plated.

The company offers a wide range of products, including groceries, pharmaceuticals, health and beauty products, general merchandise, and fuel.

Corporate Affairs

Albertsons is headquartered in Boise, Idaho. The company's CEO is Vivek Sankaran, who has held the position since 2019. Albertsons is a publicly traded company listed on the New York Stock Exchange under the ticker symbol ACI.

Community Involvement

Albertsons is involved in various community initiatives, including hunger relief, education, and health and wellness programs. The company operates the Albertsons Companies Foundation, which supports charitable organizations and community programs across the United States.

See Also

• List of supermarket chains in the United States
• Safeway Inc.
• Jewel-Osco
• Acme Markets
• Shaw's
• Cerberus Capital Management

External Links

Official website