Joe Coulombe Biography, Joe Coulombe Wiki
Joe Coulombe, the namesake, and founder of Trader Joe’s died at age 89 on Friday, February 28, 2020. His famous name was a family name that he carried on from his father and passed on to both his son and his business.
BREAKING: Joe Coulombe, who had a vision that young grocery shoppers would flock to a store that stocked healthy foods at bargain prices, has died. He created Trader Joe’s, a quirky grocery store that rose from a cult favorite to a retail giant. https://t.co/xVP86FeOlr
— AP West Region (@APWestRegion) February 29, 2020
Fast Facts You Need to Know
Joe Coulombe Parents
Joe Coulombe was named after his father, Joseph, who was an engineer. His mother, Carmelita (Hardin), was a teacher, according to the New York Times. Joseph Hardin Coulombe was born on June 3, 1930, in San Diego. The senior Joseph Coulombe worked at Convair, an aircraft manufacturer.
Joe Coulombe Early Life, Family, Wife, Children
He grew up on an avocado ranch and lived with three generations of his family in Del Mar, California, a beach city in San Diego County, according to Pasadena Star News.
Coulombe was born in California to Joe Coulombe Sr. He married his wife, Alice Steere, who he met in graduate school at Stanford University.
“At a mixer, he met a girl named Alice Steere, whose father was a Stanford professor, and at the Steelers’ table was served foods he’d never encountered: Dungeness crab and sourdough bread, steamed artichokes, jug wine, olive oil,” Los Angeles Magazine reported in 2011. “’ Think of it,’” says Coulombe. “’ I’d never even seen olive oil.’”
They were married for 67 years. The couple had three children: Joseph Coulombe, Charlotte Coulombe, and Madeleine Coulombe.
Joe Coulombe Education
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.
Joe Coulombe Career
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.
Initially, he served for a year in armed forces before taking up his first job at a drug store called Rexall. To compete with 7-Eleven, he was given the task to create a group of stores thus he even worked on grocery stores without even getting paid just for the sake to understand it. He successfully created six stores named “Pronto Markets” in Los Angeles and surrounding areas but Rexall officials informed him to shut it down. Instead, he bought all of them and decided to run himself but it was a setback as 7-Eleven expanded further.
Joe Coulombe Net Worth:
Despite founder of Trader Joe’s, there is no little to no information available fortune and net worth of Joe Coulombe but we will update as soon as we get any details.
Joe Coulombe Death and Cause of Death
Coulombe had been in declining health and was receiving hospice care, his son told Pasadena Star-News. He died late Friday evening at his Pasadena home. Joseph Coulombe said his father’s legacy was a leading a business that truly cared about its employees.
His future wife, Alice Steere, and her family would introduce him to gourmet and healthy foods. At her family’s dinner table was the first time he saw Dungeness crab and sourdough bread, steamed artichokes, jug wine and olive oil.
“Think of it,” he said. “I’d never even seen olive oil.”
Coulombe, at age 89, was in declining health before his death and had recently been placed in hospice care, his son told Pasadena Star News. He died late Friday evening at his Pasadena home.