Market Basket (California)
| File:Market Basket final logo.png | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail (Supermarkets) |
| Founded | 1930 in Pasadena, California, United States |
| Defunct | 1982 (original chain) |
| Fate | Sold or closed stores; brand discontinued in 1982; brand relaunched 1989–1994 then phased out |
| Headquarters | Pasadena, California , United States |
Area served | Southern California |
| Parent | Kroger (1930–1982) |
Market Basket was a name shared by two distinct supermarket chains in Southern California. The initial chain began in Pasadena and operated from 1930 until 1982, while the second chain existed from 1989 to 1994.
Kroger-owned chain (1930–1982)
The original Market Basket store launched in Pasadena on Colorado Boulevard at Meredith in 1930.[1] By 1934, the chain had expanded to include 14 locations in the Pasadena vicinity.[2] By 1959, Market Basket operated 42 stores stretching as far as Santa Ana and San Bernardino.[3]
In 1963, Kroger acquired Market Basket when its annual revenue reached $121 million (~$Template:Format price adjusted for inflation).[4]
Kroger chose to withdraw from the highly competitive Southern California grocery market in 1982. The company dismantled the Market Basket chain of 65 stores by selling many outlets to Ralphs, Boys, Hughes, and Vons while shutting down the remainder. Consequently, the Market Basket brand was discontinued at that time, although Kroger retained ownership of the name rights within California.[5]
Boys–Yucaipa-affiliated chain (1989–1994)
In 1989, Boys Markets acquired a license from Kroger for a nominal fee to utilize the Market Basket name in Southern California. Subsequently, they rebranded 17 suburban stores under this banner.[6] Shortly thereafter, Yucaipa acquired Boys Markets.[7]
By 1991, these stores had become part of Food 4 Less, a Yucaipa-owned brand.[8][9] The Market Basket brand was ultimately phased out following Yucaipa's acquisition of Ralphs in 1994. The combined operations were consolidated under the Ralphs or Food 4 Less names.[10][11]
In popular culture
In the 1964 movie The Disorderly Orderly, Jerry Lewis appears as a stock clerk who is buried under a pile of Hi-C cans inside the Market Basket supermarket located at 11315 Ventura Boulevard, Studio City, Los Angeles.
External links
- Photographs related to Market Basket, hosted by Calisphere, University of California
- Visuals of the original Market Basket outlets featured in an internal publication
- Directory of Market Basket store locations as recorded in 1959
References
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- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value). Alternate link via newspapers.com
- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value). Alternate link via newspapers.com
- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
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Template:History of Retail in Southern California Template:Supermarkets of the United States