Joe Coulombe Wiki – Biography
Joseph Hardin Coulombe was an American entrepreneur. He founded the grocery store chain Trader Joe’s in 1967. Joe Coulombe, the national supermarket chain founder, died Friday at his Pasadena, Calif. home following a long illness, his son Joseph told The Associated Press.
— ABC7 Eyewitness News (@ABC7) February 29, 2020
Joe Coulombe Age
He was 89 years old.
Early Life and Education
Joseph Hardin Coulombe was born on June 3, 1930, in San Diego, California.
He is survived by his wife of 67 years Alice, three children and six grandchildren.
He graduated from Stanford University in 1952 with a degree in Economics, and earned an MBA from the Stanford Graduate School of Business in 1954. He was a member of Alpha Kappa Lambda.
He started his career at Rexall. In 1958, he was asked to test the launch of Pronto Markets, a store brand to compete against 7-Eleven. After running six Pronto Markets in the Los Angeles area, Rexall asked Coulombe to close them down. Coulombe decided to buy them out instead.
After a decade of refining his strategy in a competitive environment, Coulombe renamed his venture from Pronto Markets to Trader Joe’s in Pasadena, in 1967. He led the chain to success and sold it to German billionaire Theo Albrecht in 1979. Coulombe continued with Trader Joe’s as chief executive until retiring in 1988.
He served on the boards of directors of Cost Plus and True Religion Apparel.
Cause of Death
The original Trader Joe has died.
Joe Coulombe, the national supermarket chain founder, died Friday at his Pasadena, Calif. home following a long illness, his son Joseph told The Associated Press. The supermarketer was 89.
Trader Joe’s wasn’t Coulombe’s first foray into the supermarket biz. The lifelong Californian, who owned a chain of 18 convenience stores called Pronto Markets, realized his shops couldn’t compete when the better-funded 7/11 entered L.A. in 1967.
The two-time Stanford grad noted some national trends — increased education levels and interest in international foods. He also learned those with more schooling drink more booze, according to The New York Times.
Coulombe infused his Pronto Markets with the trends he saw, and Trader Joe’s was born.
“Trader Joe’s is for overeducated and underpaid people, for all the classical musicians, museum curators, journalists,” Coloumbe told the Los Angeles Times in 2011.
He opened his first tropical-themed store in Pasadena in 1967, where he emphasized affordable, healthy foods — a legacy that lives on today in more than 500 Trader Joe’s shops spanning 40 states.
Joe Coulombe estimated Net Worth, Salary, Income, Cars, Lifestyles & many more details have been updated below. Let’s check, How Rich is Joe Coulombe in 2019-2020?
According to Wikipedia, Forbes, IMDb, TrendCelebsNow & Various Online resources, famous Business Joe Coulombe’s net worth is $100 Million at the age of 89 years old. Joe Coulombe earned the money being a professional Business. Joe Coulombe is from United States.