Acme Markets
| File:ACME logo.png | |
| Company type | Subsidiary of SuperValu Inc. |
|---|---|
| Industry | Retail |
| Founded | Philadelphia, Pennsylvania (1891) |
| Headquarters | Malvern, Pennsylvania, U.S. |
Key people | Dan Sanders, President Craig Hurkert, Chairman and CEO Mike Jackson, COO John Hooley, Executive Vice President; President, Retail East |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Website | http://www.acmemarkets.com/ |
- This article is about Acme Markets, the Philadelphia-area division of SuperValu. For the Akron, Ohio based chain, see Acme Fresh Market.
Acme Markets is a Philadelphia-based supermarket chain owned by Eden Prairie, Minnesota-based corporation SuperValu. Acme was founded in 1891 by Samuel Robinson and Robert Crawford in South Philadelphia and now operates about 125 supermarkets[1] in the Philadelphia region under the Acme name.
History
In 1917, Robinson and Crawford merged Acme Markets with four other Philadelphia-area grocery chains, and the combined company was named American Stores. In 1947, it began opening stores in downtowns with white porcelain storefronts, and introduced a new logo. From 1951 to 1954, it built stores with the same logo and porcelain, but in freestanding stores, sometimes in shopping centers. It introduced a new logo in 1961, and replaced the "Acme Markets" or "Acme Super Markets" banners with simply "Acme". In 1963, it began building stores with a peaked roof, many in shopping centers, which averaged 30,000 square feet (2,787 m2). These were built until 1972. The company acquired California's Alpha Beta stores in 1961. In 1978, it acquired many former Pantry Pride and Penn Fruit stores from bankrupt Food Fair. American Stores was acquired in 1979 by Skaggs Drug Centers which took the American Stores name, and relocated the headquarters to Salt Lake City, Utah. That same year, the company announced that it would be closing most of its store locations in New York state.
In 1984 American Stores acquired Jewel Companies, Inc., which included several large chains: Jewel and Jewel-Osco in the Chicago area; Eisner Foods in downstate Illinois and Indiana (later merged into Jewel-Osco); Buttrey Food & Drug in Montana and other Western states; Star Market in New England; Osco Drug in the Midwest, Northwest, and New England, and Sav-on Drugs in California, Nevada, and Texas. In 1988 it acquired Lucky Stores, also in California, and then divested Alpha Beta to the Yucaipa Cos., Buttrey Food & Drug was spun off to its management, which subsequently sold the chain to Albertsons (prior to American Stores merger with Albertsons); and Star Market was sold to Investcorp, which subsequently sold the chain to J Sainsbury plc, who merged it with their Shaw's Supermarkets chain, which was itself sold to Albertsons in 2004.
Acme was acquired by Albertsons in November 1999, and in turn was acquired by SuperValu in 2006.
Current operations
The company is the largest food and drug retailer in the competitive market,[2] where it competes with multiple chains, including Ahold's Giant-Carlisle, Giant-Landover, and Stop & Shop; A&P's Pathmark, Super Fresh, A&P, and Food Basics; Safeway and its subsidiary Genuardi's; Wakefern Food Corporation's Shop Rite; Wal-Mart and its warehouse club subsidiary Sams Club, and warehouse club competitor Costco, natural and organic products retailer Whole Foods Market, Wegmans Food Markets, Trader Joe's and its discount unit Aldi, North Carolina based Food Lion and Bottom Dollar Food, Sears Brands LLC's KMart, as well as other smaller chains in various markets.
Acme offers online grocery shopping[3] for orders that can be picked up at the store. Prior to 2009, Acme also delivered to customers through online orders. In 2004, Acme introduced self-checkout stands, where shoppers could scan and bag their own groceries. In 2008, many Acme locations began adding hot foods bars to the deli section.
In addition to its stores in 5 Pennsylvania counties (Bucks, Chester, Delaware, Montgomery, and Philadelphia) the company also operates stores in 2 counties in the state of Delaware (Kent and New Castle), 5 counties in the state of Maryland (Cecil, Harford, Kent, Queen Anne's, and Talbot), and 16 counties in the state of New Jersey (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Sussex, and Union). Acme withdrew from Sussex County, Delaware and Wicomico County, Maryland in the early 2000s, citing rising costs and increased competition.
Loyalty Card
Acme's loyalty card, called the Acme SuperCard, or simply "Acme Card," is used by customers to gain savings not available to those without a loyalty card. Acme runs many specials and savings that one can only gain by using their card. Also, for Thanksgiving and Easter, Acme gives away a free turkey, ham, or party sized lasagna to those customers who have spent $300 in an allotted amount of time using their SuperCard. In June 2008, Acme launched a program, called "More Ways to Save at Acme." This program features a variety of items which the supermarket claims it has lowered prices on. As part of this program, the company has also started accepting double coupons (with values up to $0.99.)
