Stater Bros.
 | |
| Company type | Private |
|---|---|
| Industry | Grocery Store |
| Founded | August 17, 1936 Yucaipa, California,U.S. |
| Founders | Cleo Stater Leo Stater |
| Headquarters | 301 S. Tippecanoe Ave.,San Bernardino, California,U.S. |
Number of locations | 171[1]stores throughout Southern California, primarily in the Inland Empire (San Bernardino and Riverside Counties) |
Key people | Pete Van Helden (CEO)[1]
Greg McNiff (President)[1] |
| Products | Bakery, dairy, deli, floral, frozen foods, general grocery, liquor, meat, produce, seafood, snacks |
| Revenue | US$4.2 billion (2015)[2] |
Number of employees | 18,000[1] |
| Parent | La Cadena Investments |
| Website | staterbros |
Stater Bros. Marketsis a privately heldsupermarketchain,based inSan Bernardino, California,consisting of 171 stores located throughoutSouthern California.It was founded inYucaipa, California,on August 17, 1936, by twin brothers Cleo and Leo Stater when they purchased the market owned by Cleo's boss, W. A. Davis, with a $600 down payment ($13,174 in 2023 dollars[3]).[4]Cleo recalled to theInland Empire Business Pressin 1998, that the owner of the market across the street from Davis' gave him the other $300 to make the full down payment. Stater Bros. went public in 1964; Cleo, Leo, and their brother Lavoy sold their interests to the now-defunctLong Beach–based Petrolane Gas Service in 1968.[5]The chain has been owned fully by Stater Bros. Holdings, a subsidiary of La Cadena Investments, owned by Stater's late chairman, president and CEO, Jack H. Brown, since 1986.[6][7]
In 1999, Stater bought 43 plus one futureAlbertsonsand Lucky supermarkets during Albertsons' merger withAmerican Stores.This acquisition expanded Stater into new areas, including theAntelope ValleyandSan Diego County.[8]It entered theFortune 500for the first time in 2006 at #493,[9]the first notableInland Empire–based company to do so. In 2006, the headquarters began construction of a 2,000,000-square-foot (190,000 m2) facility atSan Bernardino International Airport(formerlyNorton Air Force Base) from its former location on theColton–Grand Terraceborder.[10]In 2018, Stater sold its SuperRX pharmacy division toCVS.[11]
Stores
[edit]
Through itsInland Empirebase, stores are concentrated heavily throughoutSan BernardinoandRiversidecounties in Southern California.
InLos AngelesandOrangecounties stores are mainly in communities east of theSan Gabriel River.A few stores are also located in northern areas ofSan Diego Countyand parts of northern Los Angeles County, such asSanta ClaritaandPalmdale,as well asPasadena.There is also one store in Ventura County, located inSimi Valley.Also, there are two stores inKern County,located inRidgecrestandMojave.[12]
Management
[edit]Jack H. Brown joined Stater Bros. in 1981 as the company's president.[13]He served as chief executive and president for 35 years. In January 2016, Pete Van Helden was appointed president and chief executive, and Brown became Executive Chairman of the Board of Directors.[14]Brown died on November 13, 2016. On December 12, former CFO Phillip J. Smith was elected chairman.[15]Smith was also elected chairman, president and CEO of Stater Bros. Holdings.
Slogans
[edit]For many years, Stater Bros. Markets did not have an official corporate slogan. The unofficial phrase was "It's our meat that made us famous." In the early 1990s, "The Eco-Friendly Leader in the Heartland" was introduced as the official slogan, which was later changed to "The Low-Priced Leader in Your Hometown," then supplanted by an unofficial slogan "An American Tradition To Serve Your Family Well." As of 2006, the slogan had been replaced with a lengthy phrase with an emphasis on rhymed words. Found on almost every single plastic bag and VHS tape: "Lowering PricesEverydayto Help YouSaveon What YouPay!"Currently, the slogan is “Fresh Affordable Community First”
Route 66 Rendezvous
[edit]Since 1990, Stater Bros. has hosted the annual Stater Bros.U.S. Route 66Rendezvous classic car cruise. However, because of bankruptcy of the city ofSan Bernardinoin 2012, the event was cancelled until further notice. In 2014, San Bernardino hosted an alternative show, "Rendezvous Back to Route 66".[16]
See also
[edit]
References
[edit]- ^abcd"History of Stater Bros. Markets".21 April 2020.
- ^"Stater Bros".Forbes.
- ^1634–1699:McCusker, J. J.(1997).How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda(PDF).American Antiquarian Society.1700–1799:McCusker, J. J.(1992).How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States(PDF).American Antiquarian Society.1800–present:Federal Reserve Bank of Minneapolis."Consumer Price Index (estimate) 1800–".RetrievedFebruary 29,2024.
- ^"Stater Bros. History".Retrieved2017-02-07.
- ^"Cleo Stater, 89; Began Supermarket Chain".Los Angeles Times,September 12, 2001; retrieved December 9, 2018.
- ^"Stater Bros. Holdings"encyclopedia.com viaInternational Directory of Company Histories2006; retrieved December 9.2018
- ^"Court Clears Way for Brown to Get Control of Stater".Los Angeles Times,June 14, 1986; retrieved December 9, 2018.
- ^"Stater Bros. Holdings".U.S. Securities and Exchange Commissionfor the Fiscal Year Ended September 28, 2003; retrieved December 9, 2018.
- ^"Stater Bros. Holdings – Fortune 500".CNNMoney.Retrieved2009-04-12.
- ^Hirsch, Jerry (5 September 2006)."Stater Bros. Grooms and Grows".Los Angeles Times.Retrieved2019-10-18.
- ^"Stater Bros. to Close Pharmacies, Transfer Assets and Services to CVS Pharmacy Locations".Victorville Daily Press.September 18, 2018; retrieved December 9, 2018
- ^www.staterbros.comhttps://www.staterbros.com/topmenu/store-locator.aspx%5C.
{{cite web}}:Missing or empty|title=(help) - ^Masunaga, Samantha (16 November 2016)."Longtime Stater Bros. leader and San Bernardino supporter Jack H. Brown dies at 78".Los Angeles Times.Retrieved2019-10-18.
- ^"Pete Van Helden gives his take on new CEO role at Stater Bros".www.sbsun.com.3 January 2016.Retrieved2016-01-04.
- ^GRIFFITH, LORRIE."Phil Smith Elected Stater Bros. Markets Chairman".The Shelby Report.Retrieved2017-02-07.
- ^"Rendezvous Back to Route 66 Rolling Into San Bernardino".The San Bernardino Sun,September 10, 2014