Everything about Market Basket totally explained
» For the New England grocery store chain, see DeMoulas/Market Basket.
Market Basket is a grocery chain that serves southeast
Texas and
Louisiana. Formed in
1962, the grocer now operates 34 Market Basket stores and four Lucky Seven conventional supermarkets and employs 2,200 associates. It is headquartered in
Nederland, Texas.
History
Johnnie Alford, Ed Hughes, Howard Hatfield, Roy Theriot and Bruce Thompson founded Market Basket in early 1962. Each was an independent grocer, owning one store each. The five grocers joined together in order to keep advertising costs low and pool their purchasing power. Three of the grocers remained one-supermarket operators while Hughes and Thompson formed a 50-50 corporation for joint expansion.
Thompson and Hughes bought four stores as partners in the 1960s. During the early 70’s they obtained former
A & P,
Kroger and
Weingarten's stores in
Lake Charles,
Beaumont,
Port Arthur and
Orange. In
1983, Bruce Thompson purchased Hughes’ interest in their jointly held corporation.
During the 1980s, two new stores were constructed, and the chain grew with the acquisition of 14 more stores formerly operated by
Piggly Wiggly,
Safeway,
Theriot’s,
Winn-Dixie, and Weingarten's.
The next decade saw Market Basket begin an extensive remodeling and expansion program for half of the chain. More stores in the 90’s were acquired, including four
Cash and Carry locations and three
AppleTree stores. The
Mauriceville location was replaced with a newly constructed store during this time.
During the summer of
2001, the company purchased two
Hughes Market Basket stores, in Port Arthur and
Nederland. In
2002, the grocer purchased two
Price-Lo stores in
Vidor and
DeRidder.
Stanley’s in
Leesville and
Pair’s in
Winnie were added, as well.
During the 1980's several supermarkets in
Southern California operated under the "Market Basket" branding, before reverting to the "the boys" branding, a chain eventually acquired by "Ralphs"
Further Information
Get more info on 'Market Basket'.
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