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In 1961, Jewel acquired two growing non-food related retail chains, Chicago-based Osco Drug stores, [24] [25] and Brighton, Massachusetts-based Turn Style discount department stores, [26] to complement their food store division when building one-stop shopping destinations, such as the new Family Centers and Jewel-Osco (Eisner-Osco, Star-Osco ...
In 1994, American Stores converted 25 Jewel Food Stores in Chicago, Illinois, to Osco Drug free-standing stores. These older and smaller Jewel stand-alone stores were closed so that American Stores could focus on the combination formats only for Jewel and to expand Osco's presence in Chicago as a response to Walgreens increasing market dominance.
Osco Drug & Sav-on Drugs – freestanding locations acquired by CVS Pharmacy; Osco still exists as the pharmacy within Jewel; Pay 'n Save; Peoples Drug – acquired by CVS Pharmacy; Perry Drug Stores – acquired by Rite Aid in 1995; Phar-Mor – bankrupt due to $500 million embezzlement; some assets acquired by Giant Eagle; Read's Drug Store
Albertsons Companies — which includes ACME, Albertsons, Jewel-Osco, Randalls, Safeway, Shaw’s, Tom Thumb and Vons — will be open on New Year’s Eve and Day on reduced hours.
About Jewel-Osco Locally great and nationally strong, Jewel-Osco was founded in 1899 and is owned by Albertsons Companies. The grocery and drug retailer has 188 locations encompassing Illinois, Northwest Indiana, and Iowa, and employs 31,000+ associates.
1984 In a hostile takeover, American Stores acquired Jewel Companies (for $1.1B). One aim was to become the first coast-to-coast drug store chain. Curiously, this purchase added Sav-On Drugs, which Jewel had bought in 1980 and which had its beginning with the partnership of O.P. Skaggs, and also returned the Osco drug chain, which L.L Skaggs ...
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