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Smith's Food and Drug history
Smith's Food and Drug company history timeline
Smith's Food And Drug was founded in the year 1911. It changed its name to Smith's Super Markets in 1952.
When Dee Smith took over as president upon his father's death in 1958, he discovered Brigham City was saturated, and felt the only option was to expand to other markets.
The investment reaped huge dividends, with the stock increasing in market value more than 12-fold by 1960.
1969: Smith's acquires its first nonfood business, the Utah-based Souvall Brothers.
Acquisitions had cut into profit margins, however, and coupled with the recession of 1973 and Nixon price controls, the company's cash flow problems threatened to become acute.
By May 1974, however, the company was back on the acquisition trail, buying up two small chains in the populous and lucrative southern California market.
A severe financial crisis ensued in 1975, which led Smith to develop a new long-term competitive strategy.
The new region was solidly profitable and, in 1978, Smith's bought 23 Foodway stores in New Mexico, the second largest acquisition in the company's history.
The strike did not prevent Smith's from becoming the second largest privately held supermarket chain by the end of 1983.
Sales were slow but steady, and in 1983 the company weathered an 11-week strike by Las Vegas workers.
In 1996, Smith's acquired the Arizona supermarket chain Smitty's Supermarkets.
The merger was completed by September 1997.
1997: Smith's is acquired by Portland, Oregon-based Fred Meyer.
In 2000, the company entered a partnership with Priceline.com that allowed customers to bargain for their groceries on the Internet before going to the grocery store to pick them up.
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Smith's Food and Drug competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Vons | 1906 | $2.6B | 44,000 | - |
| Ralphs | 1873 | $3.0B | 27,000 | 60 |
| Raley's | 1935 | $3.2B | 12,000 | 1 |
| Bashas' | 1932 | $1.7B | 9,085 | 357 |
| City Market | 1973 | $450,000 | 25 | 80 |
| QFC Quality Food Center | 1954 | $1.0B | 5,900 | 47 |
| Vallarta Supermarkets | 1985 | $24.4M | 8,000 | 74 |
| King Soopers/City Market | 1947 | $4.0B | 20,000 | 138 |
| Stater Bros. | 1936 | $4.2B | 18,000 | - |
| Brookshire's | 1928 | $2.7B | 14,001 | 2 |
Smith's Food and Drug history FAQs
Zippia gives an in-depth look into the details of Smith's Food and Drug, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Smith's Food and Drug. The employee data is based on information from people who have self-reported their past or current employments at Smith's Food and Drug. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Smith's Food and Drug. The data presented on this page does not represent the view of Smith's Food and Drug and its employees or that of Zippia.
Smith's Food and Drug may also be known as or be related to L. Smith (1911-1932) Smith & Son's Market (1932–1952) Smith's Super Market (1952-1997), Smith s Food & Drug Centers Inc., Smith's Food & Drug Centers Inc, Smith's Food & Drug Centers, Inc. and Smith's Food and Drug.