Albertsons is an American chain of grocery stores founded in 1946. Headquartered in Boise, Idaho, Albertsons has over 2,200 stores across the United States. In 2015, it was the second-largest grocery chain in the United States by revenue, behind only Walmart.
The company was founded by Joe Albertson, who opened his first store in Boise, Idaho, in 1939. The chain grew rapidly in the 1950s and 1960s, opening stores in California, Oregon, Washington, and Arizona.
By 1965, there were over 100 Albertsons stores. In 1968, the company expanded to include Safeway Inc., a leading supermarket chain with locations across the United States.
In 2015, Albertsons announced plans to merge with Safeway Inc., creating a grocery empire with over 2,400 stores and 250,000 employees. The merger was completed in January 2015, making Albertsons the second-largest grocery chain in the United States.
Albertsons is a publicly traded company on the New York Stock Exchange (NYSE: ABS). It is owned by Cerberus Capital Management, a private equity firm.
Albertsons is a legitimate company that is publicly traded on the New York Stock Exchange.
