Albertsons

Albertsons LLC

Type	Private
Industry	Retail
Founded	1939
Headquarters	Boise, Idaho
Key people	Robert Miller, CEO
Products	Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor
Revenue	US$6.0 billion (2007)
Employees	234,000 (2006)
Website	www.albertsonsmarket.com

Albertsons LLC is a North American grocery company based in Boise, Idaho, with over 240 supermarkets located in northern California, Arizona, New Mexico, Colorado, Montana, Texas, Louisiana, Arkansas, and Florida under the Albertson's, County Line Liquor and Super Saver Foods banners.While Albertsons LLC is majority-owned by Cerberus Capital Management, the "Albertsons" name is used under license with SuperValu.

Supermarket News ranked Albertsons LLC No. 24 in the 2008 "Top 75 North American Food Retailers" based on 2007 fiscal year estimated sales of US$6.0 billion.

Background

Albertsons LLC is one of the successor companies to Albertson's, Inc. Albertson's was founded by Joe Albertson in 1939 in Boise, Idaho, USA. The store was filled with perks that, at the time, were brand new: free parking, a money-back guarantee, even an ice cream shop. The store was located at 17th and State Streets in downtown Boise.

On January 23, 2006, Albertsons, Inc., agreed to be acquired by SuperValu, a Cerberus-led group of investors, and CVS/pharmacy. The acquisition was completed on June 2, 2006 with the Cerberus-led group (who also included Kimco Realty Corporation, Schottenstein Stores Corp., Lubert-Adler Partners, and Klaff Realty) acquiring 661 stores and the distribution centers and offices in the Dallas/Fort Worth division and in the Florida, Louisiana, California, Northern Nevada, Rocky Mountain and Southwestern states.

Reorganization

A typical Albertsons store in Dallas, TX,.

Store Closures

On June 6, 2006, Albertsons LLC announced their intent to close 100 Albertsons stores by August 2006, only one week after Albertsons LLC was created. Soon after, Albertsons LLC announced that it would be shutting down its online delivery service on July 21, 2006. It was announced on November 27, 2006 that Albertsons LLC signed an agreement with Save Mart Supermarkets to sell its Northern California and Northern Nevada Albertsons locations. Save Mart began operating the 132 new stores as of February 2007.

Albertsons LLC announced in December 2006 that it would be closing five unprofitable stores in North Texas. The closures will leave Albertsons LLC with 78 stores in the Dallas-Fort Worth market. It was announced on January 29, 2007, that 11 more stores in Texas would be shuttered, including six in the Dallas area and two in the Austin area. After the closures, Albertsons will operate 71 stores in Dallas-Fort Worth and 93 in Texas. It was announced on September 12, 2007, that Albertson's would exit the Austin, Texas, market by selling its three remaining units to H-E-B, along with two previously shuttered facilities.

Store closings were also announced for Arizona and Colorado, when it was announced in January 2007 that eight Albertsons and two Grocery Warehouse stores would be closed.

On June 19, 2007, Albertsons LLC announced plans to exit the Oklahoma market, closing or selling all 26 stores in the state. Also, the Dallas-Fort Worth division will outsource their grocery distribution operations by selling their Fort Worth Distribution Center to Associated Wholesale Grocers. A large number of former stores reopened under the banner of Food Pyramid.

On June 12, 2007, Albertsons LLC agreed to acquire all Raley’s locations in New Mexico. The acquisition includes one closed and eight operating stores in Albuquerque and one store in Taos, thus doubling Albertsons store base in the Albuquerque region. These stores were originally Albertsons and Lucky stores that the former Albertsons Inc. was required to divest in 1998 when it merged with American Stores.

On June 20, 2007, Albertsons LLC officially announces to discontinue its Preferred Savings Card Program and will instead offer discounted items to all of its customers.

On September 26, 2007, all Albertsons stores in the Dallas/Fort Worth, Texas, and Florida market began collecting their Albertson's Preferred Savings Cards.

On February 3, 2008, in Tallahassee, Florida, Albertsons announced that they were closing both Albertsons stores in Tallahassee. One of the locations were recently destroyed and converted into a new, 2 story Publix. The other location sits abandoned.

On May 28, 2008, Albertsons LLC announced plans to close one of its two remaining stores in College Station, Texas.

On February 2009, Albertsons LLC closed a Mesa, Arizona, Albertsons at Stapley and University.

On August 24 and 25, 2009, Albertsons LLC announced plans to close a total of nine stores and one distribution center. The planned closings will affect five stores and one distribution center located in Colorado, and four of the stores located Florida by the end of October 2009.

On October 5, 2009, Albertsons LLC announced plans to close 3 stores in the Orlando, FL area. The stores located at John Young Parkway and Highway 192 in Kissimmee, Orange Blossom Trail and Deerfield Ave in South Orlando, and the store located at Curry Ford Road and Semoran Ave were all sold to Sedano's Supermarket. These Albertsons closed January 3, 2010, with the take over by Sedano's January 7, 2010.

In January, 2010, Albertsons LLC announced plans to close 8 more stores in the Florida Division. The stores closed included #4360 (Pembroke Pines), #4371(Boca Raton), #4383 (Delray Beach), as well as stores in Melbourne, Oviedo, Sanford, Loxahatchee, and Lake Worth. All the stores permanently closed in early February 2010. The closings left Albertsons LLC with 20 stores in the Florida Division.

Albertsons Express divestiture

On May 5, 2008, Albertsons LLC announced the sale and divestiture of all 72 of the Albertsons Express fuel centers to San Antonio, Texas-based Valero Energy Corporation. Most of the Albertsons Express stores were located in the Phoenix, Arizona; Denver, Colorado; Baton Rouge and Lafayette, Louisiana; and Dallas-Ft. Worth markets. The transaction was completed in August 2008. Valero converted the acquired locations into Valero Corner Stores.

Publix acquisitions

A former Albertsons location in St. Petersburg, Florida, now operating
 under the Publix Super Markets banner.

On June 9, 2008, Albertsons LLC entered into an agreement with Lakeland, Florida-based Publix stores involving the sale of 49 Albertsons stores in Florida to Publix. This affected 15 stores in Northern and Northwest Florida, 30 locations in Central Florida, and four locations in South Florida. The sale was completed in September.

(source:wikipedia)