What is Smith's food and drug?
Smith's Food and Drug, simply known as Smith's, is a supermarket chain that was founded in 1911 in Brigham City, Utah by Lorenzo Smith. A subsidiary of Kroger, it is a prominent regional supermarket chain operating in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming. Smith's headquarters is in Salt Lake City.
Is Smith's food and drug a Kroger?
Areas served. Smith's Food and Drug was founded in 1911 in Brigham City, Utah, United States by Lorenzo J. Smith. Now a subsidiary of Kroger, it is a prominent regional supermarket chain operating in the Southwest and Northwest.
Does Fred Meyer own Smith's Food&Drug?
In 1997, Smith's Food & Drug was acquired by Portland-based Fred Meyer for about $700 million (equivalent to $1.13 billion in 2020) in stock. The deal created a supermarket and general merchandise chain with 374 stores in 17 western states.
What happened to Smitty's supermarkets?
In 1996, Smith's acquired the Arizona supermarket chain Smitty's Supermarkets. In 1997, Smith's Food & Drug was acquired by Portland-based Fred Meyer for about $700 million (equivalent to $1.13 billion in 2020) in stock. The deal created a supermarket and general merchandise chain with 374 stores in 17 western states.
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Who owns Smith's Food?
KrogerA subsidiary of Kroger, it is a regional supermarket chain operating in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming. Smith's headquarters is in Salt Lake City. Subsidiary of The Kroger Co. 1911 in Brigham City, Utah, U.S.
Is Smith's grocery store owned by Kroger?
The Kroger Co. operates grocery retail stores under the following banners: Supermarkets – Kroger, Ralphs, Dillons, Smith's, King Soopers, Fry's, QFC, City Market, Owen's, Jay C, Pay Less, Baker's, Gerbes, Harris Teeter, Pick 'n Save, Metro Market, Mariano's.
Who is the CEO of Smiths Food and Drug?
Larry Smith -Larry Smith - ceo - Smith's Food & Drug | LinkedIn.
Who is the owner of Kroger?
Rodney McMullen - Chairman and CEO - Kroger | LinkedIn.
Who owns Trader Joe's?
Aldi NordTo sum up: we're talking about Aldi Nord, the company that owns Trader Joe's, and Aldi stores in the other big English-speaking countries. The Albrecht brother in charge of that branch had two children, and now one brother is fighting with the other's widow over control of the company and her family's spending.
Who owns Safeway?
AlbertsonsCerberus Capital Managem...Albertsons CompaniesSafeway Inc./Parent organizations
How much does the president of Smiths make?
Compensation by CompanyName And TitleTotal CompensationKevin J. Wheeler Chairman, President and Chief Executive OfficerTotal Compensation $6,897,982 View detailsCharles T. Lauber Executive Vice President and Chief Financial OfficerTotal Compensation $2,159,950 View details3 more rows
Who owns Albertson?
Safeway Inc.Cerberus Capital Managem...Albertsons/Parent organizations
What companies does Kroger own?
Kroger Family of CompaniesBaker's.City Market.Dillons.Food 4 Less.Foods Co.Fred Meyer.Fry's.Gerbes.More items...
Does Kroger buy from China?
The Kroger Co. has partnered with Alibaba Group Holding Ltd to sell its products in China, in what will be the Cincinnati-based supermarket chain's first-ever international grocery venture outside the United States.
Who is Publix owned by?
The Jenkins family2020 America's Richest Families Net Worth The Jenkins family built and own part of Florida-based Publix Super Markets, which operates more than 1,200 grocery stores across southeastern U.S. Publix is the largest employee-owned company in the U.S.; employees own an estimated 80% and Jenkins family members own the rest.
Does the Kroger family still own Kroger?
Growing by Leaps, Bounds & Mergers. Mergers have played a key role in our growth. In 1983, 100 years after our company's founding, Kroger merged with Dillon Companies Inc. in Kansas to become a coast-to-coast operator of food, drug and convenience stores.
Can I use my Kroger card at Smiths?
Kroger expands ban on Visa credit cards to Smith's Food & Drug stores in 7 states. Supermarket chain Kroger, which last year banned Visa credit cards in its Food Co. stores, is expanding its ban to 250 Smith's Food & Drug Store locations in seven states.
Can you use Kroger gift cards at Smith's?
The Kroger Family of Companies Gift Card represents a prepayment for goods and fuel available at Kroger, Barclay Jewelers, Baker's, City Market, Copps, Dillons, Food 4 Less, Foods Co., Fred Meyer, Fred Meyer Jewelers, Fry's Food and Drug, Gerbes, JayC, King Soopers, Littman Jewelers, Mariano's, Metro Market, Owen's, ...
What stores are under the Kroger umbrella?
The Kroger Co. Family of Stores includes:Baker's.City Market.Dillons.Food 4 Less.Foods Co.Fred Meyer.Fry's.Gerbes.More items...
What are Kroger subsidiaries?
Fred MeyerRalphsKing SoopersPick 'n SaveHome ChefMariano'sKroger/Subsidiaries
Who owns Smith's Food and Drug Centers?
1999: Smith's parent company, Fred Meyer, is acquired by Kroger Company. Smith's Food & Drug Centers, Inc., a subsidiary of The Kroger Company, is a leading regional supermarket chain operating in the intermountain, Southwest, and Pacific Northwest regions of the United States.
When did Lorenzo Smith start his food and drug store?
The story of Smith's Food & Drug Centers, Inc., can be traced back to 1911 when Lorenzo Smith rented a space for a small grocery market stocking such staples as rice, flour, and dry beans. Smith's store was similar to other stores in Brigham City at that time, and it took Smith about ten years to accumulate enough capital to buy a larger store across the street. The family business, named Smith and Son's Market in 1932, remained afloat during the Great Depression, but growth was virtually nonexistent as many former customers were forced back into subsistence farming. Smith took most of his earnings and purchased property in the area, which was available at rock-bottom prices.
What was the impact of Dee Smith's purchase of Thiokol?
The purchase of Thiokol Chemical Corporation stock, an important business move, provided the duo with further capital for expansion. Thiokol had opened a plant north of Brigham City and was awarded a large Air Force contract. The investment reaped huge dividends, with the stock increasing in market value more than 12-fold by 1960.
What was Dee Smith's job?
Dee Smith returned from service in World War I and had worked in various jobs, mainly as a promoter of boxing and wrestling matches. He used these skills to promote the grocery store and also was instrumental in encouraging his father to modernize and expand the store in the late 1940s. With financial backing from his father, Dee Smith and his partner George C. Woodward opened a 10,000-square-foot grocery store, the first of its kind in Brigham City. By the end of World War II, Smith and Son's recognized that the neighborhood mom-and-pop store was becoming obsolete. Pent-up spending power from the war was being unleashed, and the dynamic expansion of production led to new demands by the average consumer.
How did Dee Smith become successful?
Other successful takeovers followed as Smith expanded into wholesale trade, giving him more control over suppliers and distribution . Woodward purchased three Success Markets in Salt Lake City, and by the early 1970s Smith's had obtained more than 160 stores. The pattern was to buy failing stores at low prices, modernize them, and turn them into profitable operations. This strategy gave Dee Smith the needed funds and enabled him to build the large supermarkets that would become the standard in the industry. Although Smith was left with a high debt to assets ratio, his company was leading the industry in the southwestern United States and sat on a very profitable base of eight stores, which had sales of more than $13 million.
How much did Souvall's sell?
Souvall's sold a diverse line of products--from beauty aids and housewares to yarn--and had sales of $3 million and a considerably higher profit margin than Smith's. This acquisition, according to Carlisle in The Dee Smith Story, kept the company afloat during the recession years of the early 1970s.
What was the Smith and Woodward plan?
With demand picking up as wages and employment grew in Brigham City, Smith and Woodward launched a growth plan, which included large ad campaigns and diversified product selection. Bolstered by increased highway construction that would provide access to residential markets, Smith's was also awarded the concession contract for Morrison-Knudsen Construction Company, which was building a causeway in the area and was housing its workforce nearby. Smith received concession rights for all services, including groceries, a restaurant, and a barber shop, to the residential construction camp. The operation was a guaranteed market and solidly profitable.
How much of Kroger shares does Fred Meyer own?
Both companies' boards of directors have approved the merger. Under its terms, Fred Meyer shareholders will receive one newly issued share of Kroger common stock for each Fred Meyer share. Fred Meyer shareholders will own 38 percent of the combined company.
Why do supermarkets merge?
Merging allows grocery chains to remain competitive with giant mass merchandisers such as Wal-Mart, which sell groceries at discounted prices. Supermarket chains also believe it is more cost-effective to expand by joining forces, rather than building stores in new markets.
Who was the billionaire who bought Fred Meyer?
Burkle, who started out as a box boy at Stater Bros. stores to become a billionaire by brokering supermarket chain mergers, engineered the deal that merged Ralphs and Fred Meyer, and Safeway's acquisition of Dominick's.
Who is the chairman of Kroger?
Joseph A. Pichler, Kroger's chief executive and chairman, will retain those titles with the combined company. Ronald W. Burkle, Fred Meyer's chairman, will become chairman of the executive committee of Kroger's board.
Where is Smith's Food and Drug located?
From a small grocery store founded by Ren Smith in Brigham City, Utah, Smith's Food & Drug has grown into a regional powerhouse with supermarkets in seven western states. Major markets include Las Vegas, Salt Lake City, and Albuquerque.
Where is Smith's Marketplace located?
The regional chain also operates about a half a dozen larger Smith's Marketplace stores (typically 154,000 sq. ft.) in Utah that combine full-service grocery, pharmacy, and general merchandise departments. Smith's joined #1 US grocer Kroger when it bought Smith's parent, Fred Meyer, in 1999.
What was Smith Dairy called?
The name changed several times in the early years, but the company would eventually be known as Smith Dairy. The Dairy made key operational advancements in the 1920s.
When did Smith Dairy start?
Smith Dairy incorporated in 1930. During the 1930s, the company replaced its horse-drawn wagons with trucks for home delivery, and in 1938 the dairy purchased its first gas-electric hybrid delivery truck.
When did Smith Dairy acquire Wayne Dairy?
In 1992, the company moved into new offices and distribution center. The acquisition of Wayne Dairy in Richmond, Indiana, in 1994 would enable Smith Dairy to process milk with extended shelf life. This would lead to the 1998 introduction of Moovers, the nation's first UHT single-serve milk in plastic bottles.
When did Smith Dairy introduce the yellow super jug?
Smith Dairy introduced its Yellow Super Jug for Smith's milk in 1999. Since natural and fluorescent light degrades the flavor and vitamin content of milk, Smith Dairy chose to use opaque yellow plastic packaging to protect its milk from harmful light oxidation.
When did Smith Dairy start making jugs?
The 1960s and 1970s were decades of advancement and growth for Smith Dairy, which became one of the first in the industry to make its own plastic jugs. The company purchased four dairies during this period, allowing it to expand its service into additional communities.
Who owns Ruggles Ice Cream?
In the 1980s, the company began its third generation of family leadership. Smith Dairy purchased the Ruggles ice cream brand in 1988 from the original owners, Herb and Anne Ruggles, which led to the opening of a new ice cream plant in 1989.
Overview
Smith's Food and Drug, or simply Smith's, is a supermarket chain that was founded in 1911 in Brigham City, Utah, by Lorenzo Smith. A subsidiary of Kroger, it is a regional supermarket chain operating in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming. Smith's headquarters is in Salt Lake City.
History
Smith's Food & Drug began in 1911 when Lorenzo Smith opened a small dry goods store in Brigham City, Utah. It was replaced with a larger store across the street in 1922 and renamed "Smith & Son's Market" in 1932. When his son Dee Glen Smith joined the business after serving in World War II, he began immediately expanding it.
The company's growth ramped up exponentially from 1946 to 1958. It changed its name to Smit…
Acquisitions
In 1997, Smith's Food & Drug was acquired by Portland-based Fred Meyer for about $700 million (equivalent to $1.18 billion in 2021) in stock. The deal created a supermarket and general merchandise chain with 374 stores in 17 western states. Under the terms of the agreement, Smith's shareholders received 1.05 shares of Fred Meyer common stock for each share of Smith's co…
Smith's Marketplace
In 2004, Kroger introduced a new store concept known as Marketplaces which served as medium-sized department stores and sold clothing, household goods and often contained bank branches and a Fred Meyer Jewelers in addition to food and pharmacy sales. In April 2004, Kroger merged Fred Meyer's Utah operations into Smith's. Five Utah Fred Meyer stores were converted to the ne…
Smith's Fuel Center and Smith's Express
Smith's operates various fuel centers across the northwest and southwest regions of the United States. These fuel centers consist of fuel pumps and kiosks that sell convenient merchandises. Smith's also operates convenient shops known as Smith's Express that sell convenient merchandises and are accompanied with a fuel station.
Locations (Smith's Food and Drug)
Utah: Here's an incomplete list of the locations in Utah
• Magna
• West Jordan (9000 South)
• West Jordan (Redwood Road)
• Kearns (5600 West)
Products
Smith's Food & Drug Centers offer a wide range of products from a wide range of brands. This includes Smith's banner products, Kroger banner products and products of Kroger private-label brands such as Simple Truth, Private Selection, Comforts, Abound, Luvsome, Bloom Haus, Murray's Cheese, Bakery Fresh Goodness, Dip, Home Chef, Pet Pride, OfficeWorks, HD Designs, and Everyday Living.
Sponsorships
Smith's has a current sponsorship with Primary Children's Hospital where Smith's provides donations to the hospital. Smith's also has sponsorships with sports organizations such as the Utah Jazz, Utah Utes, and Salt Lake Bees.