Trader Joe's Sails Through Shifting Fortunes

The 50-year history of Trader Joe's Market is a tale of shifting fortunes and a lot of serendipity. It started with Joe Coulombe, who was a 24-year-old MBA graduate from Stanford University when he was hired in 1954 by Owl Drug Stores to figure out how it could be more competitive in Southern California. While doing research, he came across a chain in Texas called 7-Eleven, Coulombe told SN. He approached

The 50-year history of Trader Joe's Market is a tale of shifting fortunes and a lot of serendipity.

It started with Joe Coulombe, who was a 24-year-old MBA graduate from Stanford University when he was hired in 1954 by Owl Drug Stores to figure out how it could be more competitive in Southern California.

While doing research, he came across a chain in Texas called 7-Eleven, Coulombe told SN. He approached Owl about investing in a similar group of stores to help move mor

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