Smith's Food and Drug
|This article relies on references to primary sources. (May 2008)|
|Type||Division of Kroger|
|Founded||1932 (Brigham City, Utah, U.S.)|
|Headquarters||Salt Lake City, Utah, U.S.|
|Products||Bakery, Dairy, Deli, Frozen foods, General grocery, Meat, Pharmacy, Produce, Seafood, Snacks, Chinese Kitchen, Cosmetics, Organic Food, Photo Lab, Non-Foods, Smiths Tix|
Smith's Food & Drug Centers, Inc., commonly known as Smith's, is a chain of supermarkets in the Intermountain West and Southwest regions of the United States. Its headquarters are in Salt Lake City.
Smith's operates 132 stores in Utah, Nevada, New Mexico, Arizona, Montana, Idaho, and Wyoming. Smith's utilizes a combination food and drug center format that strives for one-stop shopping. The chain's early 1990s advertising slogan was, "The one place that takes the place of going place to place."
Smith's began in 1932 when Lorenzo J. Smith opened his first grocery store in Brigham City, Utah. When his son Dee Smith - great nephew of Joseph Smith Jr. - joined the business he began immediately expanding it. Through partnerships and acquisitions Dee Smith built the company until his death in 1985. Later, Dee's son Jeff Smith became Chairman and CEO of Smith's. In 1989 the company completed its initial public offering and shares of the company started trading on the New York Stock Exchange under the ticker symbol SFD. In 1989, Smith's exited the once successful Boise, Idaho market after the Boise City Council refused approval for Smith's to open a large store in Boise. Smith's attempted to re-enter the Boise market in 1996. However, numerous delays and the 1999 Kroger-Fred Meyer merger forced Smith's to halt construction on its sixth planned location indefinitely. In the early 1990s, Smith's attempted a major expansion into the Southern California market which was completely unsuccessful and resulted in Smith's accumulating nearly $500 million in debt.
Acquisition by Fred Meyer and Kroger Merger
In 1999, Fred Meyer was acquired by The Kroger Company. As a result of the Kroger-Fred Meyer merger, most Smith's Food & Drug Centers in Arizona were rebranded as Fry's Food and Drug. The Smith's Food & Drug Centers in Kingman, Lake Havasu City, and Bullhead City did not change, but remained in the Smith's Las Vegas Division.
In April 2004, Smith's assumed the Utah operations of sister chain Fred Meyer. Five Utah Fred Meyer stores were converted to the new Smith's Marketplace banner in June of that year. The other Utah Fred Meyer stores located in Ogden, West Valley City, and Sandy were closed in April 2004. Earlier, Fred Meyer had closed a full-service store located in Orem that failed to meet expectations. Smith's Marketplaces contain a full-line food and drug store, with a full assortment of general merchandise, and Fred Meyer Jewelers.
This concept differs from Kroger's other "Marketplace" concepts in that it offers a full line of general merchandise (apparel, home, and grocery). The other "Marketplace" concepts (Fry's Marketplace, Kroger Marketplace) only carry select home items and a full assortment of grocery, with no apparel at all.
On November 12, 2008, Smiths opened a new construction Smith's Marketplace Store in Lehi, Utah. The store is 170,000 square feet (16,000 m2) and includes the full array of departments including grocery, apparel, and home. In 2008, Smiths also remodeled the former Fred Meyer Store located at 500 East and 500 South in Salt Lake City, Utah.