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Osco Drug and Sav-on Drugs were the names of a pair of chain pharmacies that operated in the United States. Osco Drug was founded by the Skaggs family. Alpha Beta grocery store was purchased by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name.
In 1984, American Stores bought Jewel, which had owned Osco Drug since 1961. American Stores was purchased in 1999 by Albertsons. In 2006, Albertsons was broken up and many standalone Osco stores were purchased by CVS Pharmacy. The Osco name remains in place as the drug store component of Jewel-Osco and Shaw's-Osco stores.
At their peak, they generated over $100 million in annual sales and employed over 3,000 people. Self-service chain stores became more popular in the late 1960s and early 1970s, so Katz began losing market share. Katz sold itself in 1971 to Skaggs Drug Centers, which eventually merged with Osco Drug, which eventually merged with CVS Pharmacy. [2]
Each operating unit retains its own public identity as a "food store" or a "drug store". The first Jewel-Osco food-drug combination stores were built in 1962. [33] The first Jewel-Osco Family Center was opened in Chicago's Appleton Plaza Shopping center in January 1962. [34] Jewel opened five stores in Michigan in the 1970s, but closed all five ...
(The Osco name would be reintroduced to New England in 2005, following Albertson's acquisition of Shaw's and Star Market.) During the late 1990s and early 2000s, Brooks Pharmacy was also seen as an innovator, being one of the first American chains to bring European derma care skin centers and consultation centers into its stores.
The following year, Buttrey Foods took full ownership of all 31 Buttrey-Osco stores and rebranded them as Buttrey Food & Drug stores. [3] In 1986, American Stores relocated Buttrey's headquarters to Salt Lake City, Utah, home of American Stores' Skaggs-Alpha Beta division. [3] Buttrey then used the Skaggs-Alpha Beta name for its store brand.