Company: Albertson's LLC
Albertson’s LLC is a privately owned national grocery retailer. When the company merged with Safeway, Inc. in July 2014, the combined company became the second largest grocery chain in the U.S. with over 2,200 stores in 34 states.
In 2013, Albertson's employed over 60,000 people and generated revenues of approximately $3.9 billion. Wall Street analysts estimate the combined company will generate between $55 billion to $60 billion in annual revenues and employ more than 230,000 people.
Trade Names (# of locations)
Albertsons (190) ; Super Saver (2) ; Safeway (1,133) ; Vons (278) ; Dominick's (72) ; Tom Thumb Food & Pharmacy (58) ; Randall's Food & Drug (50) ; Pavilions (30) ; Carr's Quality Center (12) ; Pak 'N Save (5) ; Randall's Convenience Store (2); Safeway Convenience Store (2) ; Tom Thumb Convenience (2)
Early Years and Growth
In 1939, after working for Safeway for ten years, Joe Albertson opened his first grocery store in Boise, Idaho. The store operated as Albertson’s Food Center and Joe Albertson advertised his store as “Idaho’s largest and finest food store.”
In 1940, Joe Albertson opened two more stores in Idaho, one in Nampa and Caldwell
In 1959, Albertson’s issued its initial public offering (IPO).
In 1979, Albertson’s opened its first warehouse store.
In 1988, Albertson’s completed construction of its first fully automated distribution center, in Portland, Oregon.
In 1992, Albertson's acquired 74 Jewel Osco food-and-drug stores from American Stores Company.
In 1999, Albertson’s bought American Stores Company, a retailer based in Salt Lake City, Utah. American Stores Company, operated nearly 300 combination stores, more than 500 supermarkets, and over 780 stand-alone drugstores.
In 2004, Albertson's purchased two supermarket chains in the Northeast, Shaw's and Star Markets.
In 2006, Albertson’s LLC was created when Albertson’s, Inc. was split up and sold to three different companies. Eden Prairie, Minnesota-based grocery chain SUPERVALU purchased most of the company’s stores, while most of the free-standing drug stores in the south were sold to CVS. The remaining stores were bought by the newly formed Albertson’s LLC.
In 2013, Albertson’s LLC bought back the stores it sold to SUPERVALU in 2006.
In 2014, Albertson’s announced it was buying Safeway in a deal that would make the combined company the second largest grocery chain in the U.S.
In December, 2014, as a part of their anticipated merger, Albertson’s and Safeway agreed to sell 168 stores in eight states to four different companies. The store sales were a part of a set of requirements the Federal Trade Commission imposed on the two companies to comply with federal anti-trust laws.
On January, 30, 2015, Albertson’s previously announced merger with Safeway was completed and the company’s publicly traded stock was removed from the New York Stock Exchange, as the company is now privately owned.
HeadquartersHeadquarter City: Boise, Idaho
Albertson's strives to be the favorite neighborhood food and drug retailer in every market where it does business.
Reviews on Glassdoor.com
The 392 reviews on Glassdoor.com show the company gets an overall 3.1 out of 5 stars and 50% of employees recommend the company to a friend. Of all the categories rated, work/life balance received the most stars, at 3.1 out of 5.
Approximately 67% of reviewers approve of the company's CEO.
According to reviews, the following are average salaries at the company for several jobs:
Store Director: $97K
Grocery Manager: $60K
In addition to competitive pay, the company offers its employees a 401(k) plan.