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Rexall elected in 1966 to jettison its Pronto Markets division and escape the convenience store industry.
Focused on that key market, Trader Joe's boosted sales and profits steadily until 1976.
In 1978 he took a job at Mervyn's and helped that retail chain grow from 38 stores to 180 within nine years.
1979: The Albrecht family buys the Trader Joe's chain.
Coulombe remained its chief executive until 1988, when he left to launch a second career as what he called a “temp,” coming in as interim CEO or consultant for several large companies in transition.
1993: The company expands outside California and opens stores in Phoenix, growing the Trader Joe's chain to 59 stores.
In 1996, Trader Joe's began its aggressive East Coast expansion.
1996: The Trader Joe's Web site debuts online; and the company expands stores on the East Coast in Boston, Washington, D.C., and New York.
Trader Joe's made another savvy technology investment, this time in 1997, which enabled it to quickly cut costs and position itself for improved communications and data sharing.
1998: Trader Joe's expands its nonfood specialty business.
2001: The company begins to eliminate genetically modified ingredients from its private-label products.
In 2002, they introduced one of their most notorious products: a $1.99 bottle of wine, produced by Charles Shaw, that was actually decent.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Fresh Market | 1982 | $1.8B | 13,000 | - |
| Wegmans Food Markets | 1916 | $10.8B | 50,002 | 698 |
| Safeway | 1915 | $36.3B | 250,001 | 19 |
| Hannaford Supermarkets | 1883 | $4.2B | 25,000 | 1,111 |
| Harris Teeter | 1960 | $4.5B | 35,000 | 1,356 |
| ShopRite Supermarkets Inc. | 1951 | $630.0M | 3,000 | - |
| Whole Foods Market | 1978 | $16.0B | 91,000 | 1,597 |
| Publix | 1930 | $48.4B | 225,000 | 274 |
| Ridemakerz | 2007 | $18.0M | 150 | - |
| Jreck Subs | - | $1.8M | 30 | - |
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Trader Joe's may also be known as or be related to Trader Joe s Company, Trader Joe's, Trader Joe's Company and Wcd Inc.