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American public corporation
- American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998.
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American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998.
Built largely through the drive and ambition of one family, American Stores Company has developed into one of the leading food and drug retailers in the United States and is the third-largest grocery store chain (following Kroger Company and Safeway Stores).
American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998.
American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998.
- Beginnings as A Drugstore Chain
- Combo Stores Debuted in 1970
- Major Mergers in 1979 and 1984
- Late 1980s Acquisition of Lucky Stores Ran Into Snags
- 1990s Retrenchment and Organizational Overhaul
- Principal Subsidiaries
- Further Reading
The history of American Stores is inextricably linked to that of the Skaggs family. Samuel Skaggs, the patriarch, opened a drugstore in Utah in 1915. In 1926 his six sons, including Leonard S., Sr., helped build Safeway Stores, which have since developed into the nation’s second-largest supermarket chain. In 1932 L. J. Skaggs split with his brother...
Also in 1970, Skaggs entered into a joint venture with Albertson’s, one of the largest supermarket chains in the western United States, which resulted in the first successful combined drug and food superstores. Traditionally, it had been difficult for drugstores and supermarkets to cross over into each other’s territory because their goods were mar...
Momentarily set back but undaunted, Sam Skaggs soon resumed his quest for a merger that would further his goal of building a food-and-drug retail juggernaut. He found one in 1979, when American Stores Company agreed to merge with Skaggs Companies. American Stores was by far the larger organ’zation, with 758 supermarkets, 139 drugstores, 53 restaura...
After two decades of intense merger-and-acquisition activity, American Stores was the largest drug retailer in the UnitedStates, but only the third-largest grocery retailer. Furthermore, its 210-store Alpha Beta chain in California was struggling, plagued by high prices and a reputation for poor service. On March 22, 1988, American Stores made an u...
The 1990s unfortunately got off to a rough start when the Supreme Court in April 1990 ruled in favor of the California attorney general. Subsequently, and wishing to avoid additional, lengthy litigation, American Stores the following month reached an agreement with Van de Kamp whereby the company was allowed to convert 14 Alpha Beta stores to the L...
Jewel Companies, Inc.; Acme Markets, Inc.; Jewel Food Stores, Inc.; American Drug Stores, Inc.; RxAmerica, Inc.; Health ’n’ Home Corporation; The Open Pharmacy Network, Inc.; American Food and Drug, Inc.; Jewel Osco Southwest, Inc.; Lucky Stores, Inc.; American Stores Properties, Inc.; American Stores Realty Corp.; Skaggs Telecommunications Service...
Coleman, Calmetta Y., “Biggest Holder to Sell Stake in American Stores,” Wall Street Journal,February 24, 1997, p. C19. Foust, Dean, and Tim Smart, “The Merger Parade Runs into a Brick Wall,” Business Week,May 14, 1990, p. 38. Gradt, Cathy, “Quick Meals Featured in New Format by American,” Supermarket News,July 15, 1996, p. 23. Grover, Ronald, “How...
In 1961, the Albrecht Family founded the world’s first discount grocery store in Germany. We've been committed to high quality at affordable prices for over 40 years. Discover ALDI's rich history, from our humble beginnings to today's success.
In 1917, Robinson and Crawford merged with four other local Philadelphia area grocery chains to form the American Stores Company, or ASCO as it was known to shoppers. In 1917 the Acme Tea Company, founded by Hunter, was the largest of these chains, with 433 stores.
