Bringing the Economy Home


A Timeline Of Albertsons In Idaho


Ethan Miller / Getty Images

Supervalu and CVS Corp. purchased the majority of Albertsons' stores in 2006.

This page is no longer being updated. For ongoing coverage of this topic, go to Boise State Public Radio’s website.

In 2013, the Albertsons brand was reunited under one company umbrella. Supervalu sold all Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores in a $3.3 billion deal to Cerberus Capital Management, the investment firm that purchased some of the Albertsons stores in 2006.

Albertsons Inc. was split into pieces in 2006, and the majority of it was acquired by grocery store giant Supervalu. Minneapolis-based Supervalu purchased the company for $17.4 billion.

According to the St. Louis Business Journal, the drug store chain CVS purchased 700 of Albertsons’ Sav-on and Osco Drug stores “and Albertson’s ownership interests in the drugstore real estate for about $2.9 billion.”

Albertsons Boise-based workforce, including its headquarters, shrank from between 5,000 and 6,000 employees to between 3,000 and 4,000, according to Idaho Department of Labor data.

Albertsons, familiar to Idahoans as the store with the big blue A, was founded in Boise in 1939 by Joe Albertson. He’s quoted as saying, “In good times or bad, people have to eat, so I figure it’s a good business.”

According to material from Albertsons’ old website, that first Boise store was revolutionary.  Shoppers weren’t used to grocery stores that included a bakery, automatic doughnut machines, magazine racks and ice cream cones.

Here’s a brief timeline provided by RedSky Public Relations:

  • 1939   Joe Albertson enters into partnership with L.S. Skaggs and Tom Cuthbert, Mr. Skaggs’ accountant, and opens his first Albertsons store in Boise, Idaho.
  • 1951   Albertsons opens first combination food and drug store, a 60,000-square-foot superstore.
  • 1957   Albertsons begins incorporating drug stores in the new Albertsons Food Centers with the purchase of Sugarhouse Drug in Salt Lake City.
  • 1959   Albertsons becomes a public entity and begins selling shares over the counter.
  • 1978   Albertsons builds Boise General Office.
  • 1999   Albertsons and American Stores Company merge.
  • 2001   Larry Johnston joins Albertsons as Chairman of the Board and Chief Executive Officer.
  • 2004   Albertsons acquires over 200 Shaw’s and Star Market stores in New England, and acquires the specialty chain of Bristol Farms, which consists of 11 stores in Southern California.
  • 2013 Supervalu sells all Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores in a $3.3 billion deal to Cerberus Capital Managemet, reuniting the Albertsons and Albertsons Market stores under one umbrella.

At it’s peak, there were more than 2,500 Albertsons-brand stores across the country.  Today, Supervalu owns 450 of those Albertsons stores in nine states, including all of its Idaho locations.

At the time when Supervalu purchased Albertsons Inc., another piece of the Albertsons’ empire split off and formed Albertsons LLC.  According to it’s website, the LLC, which is branded as Albertsons Market, acquired 200 stores in Northern California, Colorado, Utah, Nebraska, South Dakota, Arizona, New Mexico, Texas, Louisiana, Arkansas, Oklahoma and Florida.

Latest Posts

Albertsons Or Albertsons Market? You Decide…

Albertsons says it doesn’t have store closures to announce after a $3.3 billion deal was finalized last week to reunite the brand that was split in 2006. The Idaho Statesman reports the company did lay off seven workers as part of restructuring. Albertsons LLC, owned by Cerberus Capital Management, purchased 877 stores from the Minnesota […]

Supervalu Sale Of Albertsons Stores Expected To Close Thursday

Boise’s hometown grocery store is expected to be back under one umbrella Thursday at midnight, according to an Albertsons LLC spokesperson. Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reunite the brands that were split in 2006. In January, Supervalu announced it was selling all Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores […]

Albertsons Stores Reunited Thanks To Supervalu Deal

All Albertsons stores will again be under the same ownership.  That’s one effect of a $3.3 billion deal announced Thursday between private investment company Cerberus Capital Management and grocery chain Supervalu. Albertsons, the grocery chain founded in Boise in the 1930s, put itself up for sale nearly a decade ago. The company was split up.  […]

Cerberus To Buy Albertsons Grocery Stores In $3.3 Billion Deal

The investment group Cerberus Capital Management LP will buy Albertsons stores from Supervalu for $3.3 billion according to The New York Times and the Wall Street Journal. Here’s more from the Times’ DealBook blog: The Cerberus-led group will also buy up to 30 percent of Supervalu itself, paying $4 a share in a tender offer. […]

Supervalu Announces Store Closures, Idaho Spared For Now

The owner of Idaho’s Albertsons stores, Supervalu, announced today it will close 60 stores nationwide by the end of February. The Minneapolis-based grocery giant will close 27 western Alberstons stores, 19 in southern California and eight in Washington and Oregon. Supervalu spokesman Mike Siemienas says the company plans to close eight additional stores, but he […]

Supervalu Announces More Layoffs In Boise

Supervalu will lay off 20 administrative employees in Boise between now and the end of August, the Idaho Statesman is reporting.  That news comes on the heels of the announcement this morning that the grocery chain has ousted CEO Craig Herkert. Albertsons’ parent company suspended its dividend earlier this month, leading to speculation that Supervalu […]

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »