QFC was founded in 1955 in Seattle, Washington by Jack Croco. He started his grocery business in 1940. At that time, he was working as the district manager of Albertson’s supermarkets. In 1956, he opened his own store. The name of the store was Lake Hills Thriftway.
The original QFC was founded in 1955 by Vern Fortin and his colleagues. In 1960, Lake Hills Thriftway was sold to QFC . They also changed its name to QFC. In 1986, the company was again sold to a Seattle based firm, Sloan, Adkins & Co for $34 million. During that time, the stores also started selling wide variety of foods and they were open 24/7. Sloan also renovated the existing stores, making them much bigger. By 1986, the annual revenue peaked to $158 million. The company expanded its stores and by 1991, it owned 21 stores. An Asian store named Asian Choice Kitchen was also opened. By 1992, the company had 33 stores in total. In 1994, it also bought Johnny’s Food Centers and Olson’s Food Stores.
Due to financial breakdown, the company was sold to Fred Meyer, in 1997. At that time, Christopher A. Sinclair was the CEO of the company. When Fred Meyer merged with The Kroger Co. in 1998, QFC also became a part of it.
The company started expanding its stores even before it was sold to Fred Meyer. In 1974, it bought A&P supermarkets in Seattle. In the 1990s, QFC further expanded its stores. It bought many stores like Olson’s Food Stores, Johnny’s Food Centers, Stock Market Grocery Stores and Thriftway Stores. All these stores were renamed as QFC. By 1996, the number of stores peaked to 30. In 1997, the company also bought grocery stores in Port Hadlock and Port Townsend. The company also opened new stores in Portland, Oregon. Later, in the 1990s, QFC also acquired Hughes Family Markets, which retained its name.
Company headquarters: Bellevue, WA, United States
Ownership: Owned by The Kroger Co.
Number of Stores: 75
Geography: Bellevue and Puget Sound in Washington, Portland in Oregon.
Demography: Value shoppers, organic and green shoppers
Special Services: pharmacy, personal insurance, phone services
Private Selection Organics
Mirra and Fresh Selections