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Fred Meyer - The history
In 1992, Fred G. Meyer established the Fred Meyer stores. Its first store was started in Portland, Oregon. The retail business dates back to 1908 when Fred began to sell coffee for people working in Portland farms. His desire for business influenced his move to Alaska. A few years later, he went back to open his own coffee company in Portland, Java Coffee Company. The company name was then changed to Mission Tea Company. The business started acquiring other small business in its neighborhood when it became successful.
In 1992, when the store opened, it had only seven departments and 20 employees. In 1928, the company established the first self-service drug store, which was the first of its kind in the world. In addition, it began four new stores during the Great Depression in 1929. Another store was also established in Hollywood with off-street parking and automobile lubrication and oil service. In the 1930s, new departments like automotive, men’s and women’s wear, bakery, homewares, ice cream plant, candy kitchen, and photo-finishing plant were opened.
As at the late 1950s, the company began expanding its business acquiring Marketime drugstores in Seattle. By 1960, the annual revenue peaked at $56 million. Also, by the late 1960s, the individual departments of the company begin to working independently. The whole look of the stores was also enhanced by adding colorful displays, tiled aisles and carpeted floors, which eventually increased the profit of the company.
The first Fred Meyer jewelry store was opened in 1973. The company obtained Fox Jewelry Company in 1997. In October 1999, Fred Meyer merged with The Kroger Co., but it continues to run under the name Fred Meyer.
