Fred Meyer is an American chain of hypermarket superstores founded in 1922 in Portland, Oregon , United States, by Fred G. Meyer . The stores operate in the northwest U.S. , with locations in Oregon , Washington , Idaho , and Alaska . The company was acquired by Kroger in 1998, though the stores are still branded Fred Meyer. The chain was one of the first in the United States to promote one-stop shopping, eventually combining a complete grocery supermarket with a drugstore, bank, clothing, jewelry, home decor, home improvement, garden, electronics, restaurant, shoes, sporting goods, and toys. The Fred Meyer division is headquartered in Portland.
32-474: Fred Meyer is the parent company of Fred Meyer Jewelers . In 1922, the first Fred Meyer store opened in Portland at the corner of SW 5th Ave & Yamhill Dr. The store combined separate shops under one roof such as meat, produce, cheese, and other merchandise. Meyer's vision was to give customers more reasons to shop in his store than in any other. The first suburban one-stop shopping center opened in 1931 in
64-487: A global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with Forbes and Bloomberg Businessweek in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the Fortune 500 that it has published annually since 1955, and in
96-574: A paywall . Fortune Indonesia is an American global business magazine headquartered in New York City and published for the Indonesian region. It is published by Fortune Media Group Holdings, a global business media company. FORTUNE Indonesia is available in print version every month as well as an online news portal. Currently, Fortune Indonesia is led by Editor-in-Chief Hendra Soeprajitno. Fortune regularly publishes ranked lists. In
128-410: A team of writers including James Agee , Archibald MacLeish , John Kenneth Galbraith , and Alfred Kazin , hired specifically for their writing abilities. The magazine became an important leg of Luce's media empire; after the successful launch of Time in 1923 and Fortune in 1930, Luce went on to launch Life in 1936 and Sports Illustrated in 1954. From its launch in 1930 to 1978, Fortune
160-535: Is a national chain of jewelers. It is a owned by Fred Meyer . A subsidiary of Kroger . The company also formerly operated under the name Littman Jewelers . Fred Meyer Jewelers started in 1973 as a catalog showroom concept by Fred G. Meyer . As the catalog showroom fad started to die down, Fred Meyer was experiencing excellent sales growth in the fine jewelry category. To capitalize on this sales growth, Fred Meyer placed fine jewelry stores in their large multi-department stores and eventually shopping malls throughout
192-430: Is located in Portland, Oregon. In 2020 and 2021, Fred Meyer Jewelers closed 71 stores, including all of their Littman Jewelers branded locations. This retail business article is a stub . You can help Misplaced Pages by expanding it . Fortune (magazine) Fortune (stylized in all caps ) is an American global business magazine headquartered in New York City . It is published by Fortune Media Group Holdings,
224-636: The Fortune Global 500 . The magazine is also known for its annual Fortune Investor's Guide . Fortune was founded by Time magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden , Luce's business partner, was not enthusiastic about
256-563: The Hollywood District of Portland, a neighborhood he deliberately chose through an application of market research: he would pay customers' overtime parking tickets that they incurred while shopping at his downtown store, just to obtain their home addresses. The store's innovations included a grocery store alongside a drugstore plus home products, off-street parking, gas station, and eventually, clothing. Fred G. Meyer would base store locations on planned highway construction. In 1951,
288-583: The human resources field, for example, it publishes a list of the Best Companies to Work For . Lists include companies ranked in order of gross revenue and business profile, as well as business leaders: There have been 20 top editors since Fortune was conceived in 1929. Following the elimination of the editor-in-chief role at Time Inc. in October 2013, the top editor's title was changed from "managing editor" to "editor" in 2014. The present title
320-541: The 45th largest retail company by sales. The chain had over $ 1 billion in sales in 1979. In 1981, the company was purchased by Kohlberg Kravis Roberts in what was one of KKR's first major leveraged buyouts . As of May 1988, the chain had 99 stores in six states. In 1984, Fred Meyer acquired Grand Central of Salt Lake City, Utah . The Grand Central stores in Utah and Idaho were converted to Fred Meyer stores, although most did not receive full supermarket departments until
352-637: The Capitol Hill neighborhood merged its operations with QFC which had a grocery store across the street from the Broadway Market. This particular Fred Meyer, probably the smallest one in the chain, had only personal care and home health items, along with general merchandise, but no food or apparel. This store is now a QFC Marketplace, the only one of its kind, but it is not signed as such. In July 2010, Fred Meyer announced it would no longer offer plastic bags at any of its 10 Portland stores. It
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#1732771907041384-764: The Fred Meyer Company built a large warehouse near Providence Portland Medical Center in Laurelhurst , despite complaints and controversy from neighbors and the city council. Neighbors did not want large truck volume in their city, but the area was already zoned for industrial and commercial east of 44th Avenue. The huge warehouse was built to the detriment of the Banfield Expressway , built in Sullivan's Gulch less than five years later. The warehouse had to be condemned and partially destroyed for
416-649: The Fred Meyer decor (with Smith's logos over the old Fred Meyer logos) but only contained a grocery department, with none of the other departments or product offerings. In 1998, Fred Meyer was acquired by Kroger of Cincinnati, Ohio . Before the acquisition, it traded on the New York Stock Exchange under the ticker symbol FMY. In 2000, the Arizona Fred Meyer stores, all of which were formerly Smith's stores that Fred Meyer acquired in
448-539: The Littman Jewelers chain that operates in the eastern United States. Unlike other acquisitions, Littman stores continued to operate under this name instead of Fred Meyer Jewelers. In 1999 Fred Meyer, Inc., the parent company of Fred Meyer Jewelers, was acquired by The Kroger Company. Today, Fred Meyer Jewelers operates across the United States in stores, in malls, and online. The corporate main office
480-770: The Seattle area, the Marketime Drug chain became known as Fred Meyer-Marketime. While Fred Meyer was building new stores in Washington state some smaller discount stores in the state would lease a portion of their stores to Fred Meyer as well such as The Hi-Ho Shopping Center in Puyallup and the Yard Birds Shopping Center in Centralia. In January 1976, as part of a pressure campaign to support
512-669: The Smith's merger, were rebranded as Fry's Marketplace . In 2004, Smith's Food and Drug assumed the operations of the Utah Fred Meyer stores, which were rebranded as Smith's Marketplace. Also, since the acquisition of the Fred Meyer Company, Kroger has been unifying standards across the company, adopting many of the Fred Meyer store standards, and implementing their own standards to the Fred Meyer stores. Kroger and Fred Meyer stores are slowly becoming more similar in management and merchandising. Additionally, one Fred Meyer in Seattle in
544-657: The Western United States. In 1995, Fred Meyer Jewelers acquired 23 jewelers in California and the Midwestern United States, as well as Merksamer Jewelers. Eventually all of those acquisitions took the name Fred Meyer Jewelers. In 1997, Fred Meyer Jewelers acquired the chain of Fox's Jewelers that operated in six Midwestern states. Fox's Jewelers were eventually renamed Fred Meyer Jewelers. In October 1998, Fred Meyer Jewelers acquired
576-603: The business section of The Seattle Times on August 10, 1975, Fred Meyer signed long-term leases with most of the 21 Weisfield's-owned stores (Tacoma and Everett locations were not acquired). Some of the properties may have been purchased by Fred Meyer at the time in the Oregon market but Weisfield's maintained existing leases on properties in the Seattle/Tacoma market since leases for the grocery sections (leased to Associated Grocers in 1973) and other smaller businesses within
608-539: The economy with added graphs, charts, and tables, as well as the addition of articles on topics such as executive life and social issues connected to the world of business, including the effectiveness of public schools and on homelessness. During the years when Time Warner owned Time Inc., Fortune articles (as well as those from Money magazine) were hosted at CNNMoney.com . In June 2014, after Time Inc. spun off from its corporate parent, Fortune launched its own website at Fortune.com. On November 26, 2017, it
640-522: The eight-lane design of I-205 , Fred G. Meyer announced plans to build a Fred Meyer store and motel in the Gateway area. In 1977, Marketime was renamed Fred Meyer. In the mid-1980s, the northwest Montana B&B stores also acquired the Fred Meyer name. On September 2, 1978, Fred G. Meyer died at the age of 92. Until his death, Meyer continued to play an active role in the day-to-day operation of his company. Also in 1978, Fortune placed Fred Meyer as
672-771: The freeway, with the state highway commission selling the remaining sections to the Bemis Company . The Fred Meyer Company moved to Swan Island on land formerly occupied by wartime housing for Kaiser Shipyards . In the 1960s, Fred Meyer entered the Seattle market by acquiring Seattle-based Marketime Drugs. Fred Meyer also acquired a Spokane -based grocery wholesaler, The Roundup Company. Roundup owned no stores in Spokane but owned Kalispell, Montana -based B&B stores in northwest Montana and Consumer Warehouse Foods in Soap Lake, Washington . By March 1968, Fred Meyer, Inc.,
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#1732771907041704-564: The holding company. In that fast string of mergers, Fred Meyer quickly became the nation's fifth largest food and drug store operator. In 1997, Fred Meyer converted its Columbia Falls and Kalispell stores in Montana into Smith's Food & Drug Stores and closed its Polson location. In 2001, the Kalispell store was demolished and replaced with a newer Smith's location adjacent to the older, obsolete store. The Columbia Falls store retained
736-799: The idea – which Luce originally thought to title Power – but Luce went forward with it after Hadden's sudden death on February 27, 1929. In late October 1929, the Wall Street Crash of 1929 occurred, marking the onset of the Great Depression . In a memo to the Time Inc. board in November 1929, Luce wrote: "We will not be over-optimistic. We will recognize that this business slump may last as long as an entire year." The publication made its official debut in February 1930. Its editor
768-400: The magazine must really have worthwhile content. In fact, there were 30,000 subscribers who had already signed up to receive that initial 184-page issue. By 1937, the number of subscribers had grown to 460,000, and the magazine had turned half million dollars in annual profit. At a time when business publications were little more than numbers and statistics printed in black and white, Fortune
800-930: The mid-1990s. In the 1990s Fred Meyer expanded into California by opening a store in Chico . Plans had been made to open a store in Redding and expand into Sacramento with several sites having been acquired. Eventually, the Chico location was closed and sold, and the Sacramento sites sold; the Redding site eventually became a Wal-Mart store in 1996. In 1997, Fred Meyer acquired Smith's Food and Drug of Salt Lake City, though both companies maintained separate operations. The same year, Fred Meyer acquired Ralphs of Los Angeles, California , and QFC of Seattle. Both acquisitions also maintained separate operations with Fred Meyer as
832-573: The stores were kept. Kroger acquired these properties from Weisfield during the 1990s and 2000s. Some of these properties such as the Greenwood and Midway locations were demolished to rebuild the locations. In 1975, Fred Meyer opened its first stores in Alaska as a result of acquiring Leslie's/Valu-Mart and changed the Leslie's/Valu-Mart stores to the Fred Meyer banner. As Fred Meyer became better known in
864-412: Was Luce, managing editor Parker Lloyd-Smith, and art director Thomas Maitland Cleland . Single copies of the first issue cost US$ 1 (equivalent to $ 18 in 2023). An urban legend says that Cleland mocked up the cover of the first issue with the $ 1 price because no one had yet decided how much to charge; the magazine was printed before anyone realized it, and when people saw it for sale, they thought that
896-534: Was an oversized 11" × 14", using creamy heavy paper, and art on a cover printed by a special process. Fortune was also noted for its photography, featuring the work of Margaret Bourke-White , Ansel Adams , and others. Walker Evans served as its photography editor from 1945 to 1965. During the Great Depression, the magazine developed a reputation for its social conscience , for Walker Evans and Margaret Bourke-White 's color photographs, and for
928-608: Was announced that Meredith Corporation would acquire Time Inc. in a $ 2.8 billion deal. The acquisition was completed on January 31, 2018. On November 9, 2018, it was announced that Meredith Corporation was selling Fortune to Thai billionaire Chatchaval Jiaravanon for $ 150 million. Jiaravanon is affiliated with the Thailand-based conglomerate Charoen Pokphand Group , which has holdings in agriculture, telecommunications, retail, pharmaceutical, and finance. Since March 4, 2020, access to Fortune.com has been restricted by
960-524: Was operating in four states— Oregon , Washington , Idaho , and Montana —and had 48 retail stores. In 1973, Fred Meyer acquired all five Oregon stores of the Valu-Mart discount chain (formerly known as Villa-Mart in Oregon) from its parent company, Seattle-based Weisfield's, Inc. The following year, Weisfield's leased its remaining stores (renamed "Leslie's"), in 1975. According to an article published in
992-402: Was published monthly. In January 1978, it began publishing biweekly. In October 2009, citing declining advertising revenue and circulation , Fortune began publishing every three weeks. As of 2018, Fortune is published 14 times a year. Marshall Loeb was named managing editor in 1986. During his tenure at Fortune , Loeb was credited with expanding the traditional focus on business and
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1024-547: Was the largest retail chain in the Portland metropolitan area to adopt such a policy prior to the City of Portland banning the use of plastic bags in October 2011. In March 2018, Fred Meyer dropped guns and ammunition from product offering. Shortly before the discontinuation, it limited the sale to 21 and over. [REDACTED] Media related to Fred Meyer at Wikimedia Commons Fred Meyer Jewelers Fred Meyer Jewelers
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