Market Executive
CurrentFred W. Albrecht, a native of Massillon, Ohio, started in the grocery business when he gained control of his brother’s local store. In 1891, he opened his own store in Akron, called Albrecht's Grocery. After visiting an Acme store in Philadelphia (currently a supermarket chain owned by Albertsons), Albrecht soon renamed his small corner grocery store "Acme". He also changed his business to conduct cash-only sales. More "Acme Cash Stores" soon opened around the Akron area, reaching 40 locations by 1918. After ceasing home-delivery operations, Albrecht renamed his stores once again to “Acme Cash Basket Stores.”[2] Acme grew to over 100 stores, both large and small, by the 1930s.