ALBERTSON'S, INC. is incorporated under the laws of the State of Delaware and is the successor to a business founded by J. A. Albertson in 1939.

On August 2, 1998, Albertson's and American Stores Company entered into a definitive merger agreement whereby Albertson's would acquire American Stores Company, which would become a wholly owned subsidiary of Albertson's. The Merger was approved by the stockholders of Albertson's and American Stores Company on November 12, 1998.

Albertson’s Inc. is one of the largest retail food-drug chains in the United States, operating stores in Northeastern, Western, Midwestern and Southern states. These stores consist of combination food-drug stores, stand-alone drug stores, conventional supermarkets, warehouse stores and one e-commerce retail site. Retail operations are supported by Company distribution centers, which provide products exclusively to the Company's retail stores.

The Company's combination food-drug stores offer prescription drugs and an expanded section of cosmetics and general merchandise in addition to specialty departments such as service seafood and meat, bakery, lobby/video, service delicatessen, liquor and floral. Many also offer meal centers, party supply centers, coffee bars, in-store banks, photo processing and, destination categories for beverages, snacks, pet care products, paper products and baby care merchandise. All shopping areas are served by a common set of checkstands.

The Company's stand-alone drugstores are free-standing store sites that offer convenient shopping and prescription pickup as well as a wide assortment of general merchandise, health and beauty care, over-the-counter medication, greeting cards and photo processing. The Company's new drugstores are typically located on corners and many offer a drive-thru pharmacy.

The Company's conventional supermarkets offer a full selection in the basic departments of grocery, meat, produce, dairy and limited general merchandise. Many locations have a pharmacy, in-store bakery and service delicatessen.

The Company's warehouse stores are operated primarily under the names "Max Food and Drug" and "Super Saver." These no-frills stores offer significant savings with special emphasis on discounted meat and produce.

The Company's e-commerce retail site located in Bellevue, Washington, is the Company's first location which combines a gourmet store with a fulfillment center . Employees fill online orders, which can then be delivered to, or picked up by, the customer. Albertsons.com accepts on-line orders to be filled either by the Bellevue site or through the fulfillment center in Fort Worth, Texas.

Sav-ondrugs.com, was piloted in October 1999, for online orders from customers in the Las Vegas, Nevada and Kansas City, Missouri areas. It offers a full range of basic sundry items, prescription refills and consumer health information.

All of the Company's stores carry a broad range of national brands and offer private label brand products in many merchandise categories. The Company's stores provide consumer information such as: nutritional signing in the meat and produce departments, freshness code dating, unit pricing, meal ideas and food information pamphlets. The Company also offers a choice of recyclable paper or plastic bags and collection bins for plastic bag recycling.

The Company operates fuel centers in six states, which are located near existing stores. These centers feature three to six fuel pumps and a small building, ranging in size from a pay-only kiosk to a small convenience store, featuring such items as candy, soft drinks and snack foods.

The Company's operations are within a single operating segment, the retail sale of food and drug merchandise. The Company's stores operate primarily under the names of Albertson's, Acme Markets, Jewel Food Stores, Seessel's, Super Saver, Max, Osco Drug and Sav-On.
The Company's Common Stock is traded on the New York Stock Exchange under the symbol "ABS"