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By 1987, American Stores Company was the largest drug retailer in the United States, but only the third-largest grocery retailer and underperforming its peers. In October 1987, the company exited the Idaho and Washington drugstore markets with the sale of 25 Osco Drug units to Pay Less Drug Stores.
Jun 1, 2019 · Under the corporate name American Stores Company, Acme accumulated more than 1,000 outlets and became a touchstone of people’s lives. Philly shoppers didn’t even go to “the grocery store ...
- Steve Volk
Across the United States, a large number of local stores and store chains that started between the 1920s and 1950s have become defunct since the late 1960s, when many chains were either consolidated or liquidated.
By 1987, American Stores Company was the largest drug retailer in the United States, but only the third-largest grocery retailer and underperforming its peers. In October 1987, the company exited the Idaho and Washington drugstore markets with the sale of 25 Osco Drug units to Pay Less Drug Stores.
By 1987, American Stores Company was the largest drug retailer in the United States, but only the third-largest grocery retailer and underperforming its peers. In October 1987, the company exited the Idaho and Washington drugstore markets with the sale of 25 Osco Drug units to Pay Less Drug Stores.
On May 17 American Stores upped its bid to $2.5 billion, or $65 per share. Five days later, Lucky accepted. American Stores was about to become the largest supermarket chain in the nation, leapfrogging over Kroger and Safeway Stores.
Oct 4, 2019 · By 1930, the company operated more than 15,000 grocery stores and was the largest chain in the U.S. The chain filed for bankruptcy in 2010 and 2015, with the last store closing in 2016.
