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Jewel-Osco company history timeline

1899

In 1899, Frank Vernon Skiff founded Jewel in Chicago as a door-to-door coffee delivery service.

1902

In 1902, Skiff partnered with his brother-in-law Frank P. Ross, renaming the venture the Jewel Tea Company.

1906

Founded in 1906 by Charles Von der Ahe in downtown Los Angeles when he opened is 20-foot wide Groceteria on 7th and Figueroa with $1,200 in savings.

1915

Founded in 1915 by M.B. Skaggs who purchased a tiny grocery store from his father in American Falls, Idaho.

In 1915 when Anchorage was still a rough-hewn town of sawmills, blacksmith shops and saloons, J.B. Gottstein began supplying groceries and other staples to Alaskans.

1916

Founded in 1916 by H.D. Snell who opened his first United Cash Store in Sayre, Oklahoma.

What began in 1916 as a small vegetable pushcart in the heart of New York City, Balducci's became, over its 104-year history, America's leading gourmet specialty food shop.

1919

In 1919 Mainer Maynard A. Davis moved to Massachusetts and founded a group of small downtown grocery stores in the Brockton and New Bedford areas called Brockton Public Markets, or BPM stores.

1929

In 1929, the company built a new office, warehouse, and coffee roasting facility in suburban Barrington, Illinois, creating hundreds of local jobs despite the Great Depression.

1932

In 1932, Jewel acquired the Chicago unit of the Canadian firm Loblaw Groceterias, Inc., then a chain of 77 self-service stores, as well as four Chicago grocery stores operated by the Middle West Stores Company, and began operating them under the name Jewel Food Stores.

1933

Founded in 1933 by Ben and Dorothy Haggen and Doug Clark in Bellingham, Washington with $1,100.

1935

Originally founded in 1935 in San Leandro, California, Lucky is committed to providing reliably low prices to the neighborhoods they serve.

1936

Founded in 1936, Kings unique selection serves to inspire and elevate home cooking.

1945

Sales remained constant during the war years, and in 1945 Joe Albertson dissolved the partnership and Albertson's was incorporated.

1947

By 1947, the chain had six stores operating in Idaho and had established a complete poultry processing operation.

1948

Founded in 1948 by two Dallas friends, J.R. Bost and Bob Cullum, who became intrigued with a new shopping concent call “supermarkets”. They bought a small, local chain and worked to upgrade the selection, quality and overall shopping experience.

1949

In 1949, Larry Carr, one of their customers, opened his own grocery store.

1951

Warren McCain, who began his career with Albertson's as a merchandising supervisor in 1951, became chairman of the board and CEO. In the same year, Albertson's began to build superstores, which would carry an even higher ratio of nonfood items.

1953

The Barrington location served as the headquarters and main warehouse facility for both the home delivery and food store divisions until the completion of the new warehouse and office complex at Melrose Park in 1953.

1954

Founded in 1954 by Robert Onstead who was offered a job by his father-in-law at Randalls Super Valu Store in Pasadena, Texas.

1957

In 1957 the company built its first frozen foods distribution house, which served its southern Idaho and eastern Oregon stores.

In 1957 Albertson's purchased Sugarhouse Drug of Salt Lake City, Utah, and began systematically incorporating pharmacies into its stores.

1959

The company also went public in 1959 and with that capital began to expand its markets aggressively.

In 1959 Albertson's introduced its own line of products under the brand name Janet Lee, named after the executive vice president's daughter.

1960

Offers stock to the public to fund expansion; operating 62 stores in four states by 1960

1961

The acquisition of Star Market also gave Jewel control of Brigham's Ice Cream, which had been a part of Star since 1961.

1962

The first Jewel-Osco food-drug combination stores were built in 1962.

1964

In 1964 the company broke into the California market by acquiring Greater All American Markets, based in Los Angeles.

In 1964 operations expanded into California with the purchase of 14 supermarkets belonging to Los Angeles-based Greater All American Markets.

After the World War II, the company grew on a steady basis. It opened its 100th store in 1964 in Seattle.

1965

In 1965 the purchase of eight markets owned by Semrau and Sons, based in Oakland, California, gave the company a stronger foothold in California.

In 1965, Jewel expanded into the convenience store business by opening Kwik Shoppe, a chain that was quickly renamed White Hen Pantry within a few months.

1967

In 1967 the company purchased eight Colorado supermarkets from Fury's Inc., a Lubbock, Texas concern.

In 1967 eight stores were acquired in Colorado from Furr's, Inc.

In 1967, the company went public and its stock was traded on the Midwest Stock Exchange.

The name of the parent company remained "Jewel Tea Company" until 1967 when the stockholders voted to change the name to Jewel Companies, Inc. to better reflect the expansion of the company into different markets.

1969

Banking on the higher profit margin of nonfood items as well as on an aggressive five-year plan, Scott also predicted in 1969 that Albertson's sales would double within five years.

The company got into a partnership with Skaggs Drug Center in 1969 and went on to open its new shop which offered both food and medicines to the customers.

1970

In 1970, however, the company pioneered a unique and exceptionally profitable concept in supermarket design.

The first store opened in Texas in 1970.

1971

In 1971, Jewel expanded their brand into Wisconsin by acquiring eight failing stores from Kroger and rebranded the stores Jewel.

1972

Jewel expanded into the home improvement retail market by acquiring Republic Lumber in 1972.

1973

Bolinder still claimed that the Justice Department had misunderstood Albertson's reasons for buying the wholesaler, noting that the subsidiary was not financially integral to the company but accounted for only 3.4 percent of its total sales in 1973.

1974

In 1974, the two companies merged and formed Carrs, becoming the largest retail chain in Alaska.

By 1974 sales topped $850 million and net earnings neared $9 million.

The company also came under fire from the Federal Trade Commission in 1974, which found fault with Albertson's advertising practices.

1976

Albertson's also installed its first electric price scanner in 1976.

1976: Company begins building superstores and slowly starts phasing out its conventional supermarkets.

A slightly smaller version of the combination store, the superstores ranged in size from 35,000 to 48,000 square feet and featured more fresh foods and perishables. It was during 1976 that the corporation slowly began to phase out its conventional markets.

1978

In 1978, Jewel Companies, Inc. attempted to acquire Skaggs Companies, Inc. through an exchange in stock in which Jewel would have been the surviving company and still based in Melrose Park instead of Salt Lake City.

1979

In 1979 Albertson's took the "bigger is better" concept to the drawing boards again and introduced its first warehouse stores.

1979: First warehouse stores are opened.

Davis purchased the George C Shaw Company but chose to operate them independently until 1979 when they merged to form Shaw’s Supermarkets, Inc.

1981

In 1981 Albertson's was operating in 17 of the fastest-growing standard metropolitan areas, as identified by the United States Department of Commerce.

Later, the service expanded to include 350 grocery and 10,000 general merchandise items by 1981 when Jewel decided to sell its "Jewel Home Shopping Service" division to its employees and divest itself from its roots.

1982

In 1982 retail management was reorganized into four operating units/regions: California, Northwest, Intermountain, and South.

Jewel later sold off Brigham's in 1982.

1983

In 1983 these units accounted for only one-third of the chain's 423 stores but were the source of 65 percent of its profits.

In 1983, just after the country's most severe recession since the Great Depression, Albertson's boasted 13 years of record sales.

1984

American Stores made an offer to acquire the Jewel Companies in 1984.

1985

Founded in 1985 in Garden Grove, California to better serve families looking for more diverse, healthy and fresh choices.

1986

One of the first properties to let go was the former Eisner warehouse facility in Champaign in 1986.

1988

1988: Company completes its first fully mechanized distribution center, in Portland, Oregon.

1989

In 1989, American Stores expanded to Florida using the Jewel-Osco name, but operating as a separate division distinct from the Midwestern Jewel-Osco operations.

1990

The expansion of Albertson's distribution network, combined with new computerized inventory and checkout scanners, enabled the chain to begin to handle its own distribution in 1990.

The west central Indiana stores, three in Lafayette and two in Bloomington, were sold off in 1990.

1991

Gary Michael became chairman of the board and CEO of Albertson's on February 1, 1991, and initiated the "Service First" employee award program.

To consolidate the names of some of its subsidiaries under one title with nationwide recognition, American Stores renamed some of its Skaggs-Alpha Beta stores to Jewel-Osco in mid-September 1991.

In 1991 the company unveiled a five-year, $2.7 billion modernization and expansion plan through renovation, new construction, and a company-wide push toward automation.

1992

In 1992, Albertsons acquired 74 of the Skaggs Stores and renamed them as Albertsons.

1993

Sales surpassed the $10 billion mark in 1993, the year that Joe Albertson died at age 86.

1994

The company continued building its distribution system, with a new, one-million-square-foot center in Plant City, Florida--a facility dedicated to reviving its struggling 74-unit Florida operation--opening in early 1994.

By 1994 the company had become the nation's sixth largest grocery chain, with more than 500 stores in operation.

1995

Under American Stores, Jewel returned to Wisconsin by opening a Jewel-Osco store in a new shopping center in Kenosha, Wisconsin in 1995.

1996

By mid-1996, with the opening of a center in Houston, Albertson's had a total of 12 distribution centers.

Quick Fixin' meal ideas were introduced in 1996 for customers in need of quick, nutritious, easy meal ideas.

1997

To help reduce waste, the company began using plastic pallets in 1997 to ship products between distribution centers and stores.

In 1997, Albertsons experimented by adding gas pumps and a small convenience store in front one of its stores in Eagle, Idaho.

1998

At the end of the fiscal year ending in January 1998, Albertson's operated 878 stores in 20 states and had revenues of $14.69 billion.

Founded in 1998, the first Market Street opened in Wichita Falls, Texas.

Jewel returned to Milwaukee in 1998 by purchasing a Pick 'n Save store and four Cub Foods stores and converting them into Jewel Osco stores.

1999

Online shopping was introduced in 1999.

2000

Around the time of the completion of the merger, King resigned his executive positions to "pursue other opportunities," with Michael initially assuming his responsibilities; in March 2000 Peter L. Lynch, who had been a senior executive at American Stores, was named the new president and COO.

The first Jewel Express was opened in front of a Jewel-Osco in South Elgin in October 2000.

According to Forbes, it is considered one of the Top 2000 Largest Public Companies in the World.

2001

Also 75 existing stores were remodeled in 2001, and Albertson's plans to step up its remodeling pace in the years to come.

2002

"albertson's announced market exits; enewswire, 13 march 2002.

"closing division offices." pr newswire, 13 march 2002.

In early 2002 the company exited from the New England drugstore market by selling its 80 Osco outlets in that region to Maxi Drug Inc., operator of the Brooks Pharmacy chain, for about $240 million.

2003

Another new development, launched in the fall of 2003, was a store-within-a-store initiative designed to make the company's stores more of a one-stop shopping destination.

Overall at Albertson's, sales for 2003 remained flat, at $35.44 billion, while the profits of $556 million translated into a profit margin of just 1.6 percent.

2004

All told, these moves were aimed at paring annual operating costs by $750 million by the end of 2004.

In 2004 the company launched a new divisional consolidation that would further reduce the number of divisions to seven.

2006

On May 30, 2006, shareholders approved the break-up of Albertsons.

2007

SuperValu announced on January 5, 2007, that it would offer for sale its Jewel-Osco stores in the Milwaukee area.

In 2007, Albertsons LLC acquired Raleys’ outlets in New Mexico.

2008

In October 2008, Jewel-Osco opened its first LEED certified store at Kinzie & Des Plaines in Chicago.

2009

In 2008, SuperValu converted one of its closed Sunflower Market stores on Clybourn Avenue to an Urban Fresh by Jewel, a smaller store than the usual Jewel, with more upscale and organic products. It was announced that this store would close on October 31, 2009, and there are no plans to open more stores under this banner.

In attempt to increase revenue in 2009, Supervalu enhanced the Express concept by enlarging the convenience store, added more marketing tie ins with the main store, and even added a car wash.

2010

Founded in 2010, the first Amigos was opened serving the Mexican-American community in West Texas.

A 2010 cost-saving measure brought both Jewel and Osco oversight under one store director for each site.

2013

On January 10, 2013, SuperValu announced the sale of Jewel food stores to Cerberus Capital Management in a $3.3 billion deal.

In December 2013, Albertsons LLC acquired Lubbock, TX-based United Supermarkets, which operated 50 retail stores under 3 brands: United Supermarket, Market Street and Amigos.

2015

In 2015, Albertsons completed the merger with Safeway.

2016

In April 2016, the company launched its largest private label brand, Signature.

2017

On May 15, 2017, Jewel-Osco made a bid to purchase all 19 Strack & Van Til grocery stores for $100 million.

In September 2017, Albertsons Companies acquired Plated, a meal kit service that makes it easy for people to have dinner at home by delivering chef-designed recipes along with fresh, pre-portioned ingredients to customers’ doorsteps.

In November 2017, it invested in El Rancho Supermercado, a Texas-based Latino grocer.

2022

"Albertson's Inc. ." Company Profiles for Students. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/economics-magazines/albertsons-inc

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Founded
1899
Company founded
Headquarters
Itasca, IL
Company headquarter
Founders
Frank Skiff
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Jewel-Osco competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Shaw's Supermarket1860$7.1B30,000-
Winn-Dixie1925$5.1B41,000-
Hy-Vee1930$12.0B88,000751
Acme Markets1891$51.0M2501
Albertsons Companies1939$79.2B325,0004,256
ShopRite Supermarkets Inc.1951$630.0M3,000-
Market Basket1916$4.0B25,0006
Shop Rite1946$98.0M450-
Stop & Shop1914$15.2B82,0016
Harris Teeter1960$4.5B35,000850

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Jewel-Osco may also be known as or be related to Jewel-Osco, Jewel-osco and Jewel (1899–1902) Jewel Tea Company (1902–1967) Jewel Companies, Inc. (1967–1991).