Joe Coulombe Bio, Wiki
Joe Coulombe was an American entrepreneur. He was born on 3rd June 1930 in San Diego, California and grown in the nearby avocado ranch in Del Mer, California who rose to fame as an American entrepreneur. He was a graduate of Stanford Business School and was a member of Alpha Kappa Lambda. He founded the grocery store chain Trader Joe’s in 1967.
Education and Career
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 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.
Thus with the complete new mindset and different approach, he launched a new chain called Trader Joe’s with the first store in Pasadena, California. With his positive mindset and strategies, he led this store and almost after 12 successful years, Trader Joe’s was sold to German Billionaire who founded the supermarket chain, Aldi Nord, in Germany. However, he continued to work at the position of CEO and retired in 1988.
Joe Coulombe Wife & Personal Life
He was married to Alice Steere Coulombe, who also graduated from Stanford University, earning undergraduate and graduate degrees in Education in 1953 and 1954, respectively.
Alice is a philanthropist. She served on the Board of Trustees of the Los Angeles Opera. Alice’s parents taught at the University of Michigan and her father William was a director of the New York Botanical Garden, and they were devout Christians.
Joe Coulombe died on 29 February 2020 at the age of 89. According to a statement made by his son whose name is also Joe, he died after a long illness while at home in Pasadena, California at the age of 89. Apart from this no official statement released in the leading media. He is survived by his wife, their three children and their wives along with six grandchildren.
Joe Coulombe Biography
|Real Name||Joseph Hardin Coulombe|
|Birth Date||June 3, 1930|
|Death||February 28, 2020|
|Birth Place||San Diego, California, United States|
Joe Coulombe Height, Weight and Body Measurement
|Height||in feet inches – 5’ 9” – in centimetres – 180 cm|
|Weight||in Kilograms – 70 kg – in Pounds – 154 lbs|
|Chest Size||36 inches|
|Waist Size||30 inches|
|Biceps Size||15 inches|
|Shoe Size||9 (US)|
|Master Degree||Stanford Graduate School of Business|
Joe Coulombe Relationship Status
|What was Joe Coulombe marital status? (single, married, in relation or divorce)||Married|
|How many children did Joe Coulombe have? (name)||Three|
|Who was Joe Coulombe wife?||Alice Coulombe (m. 1953)|
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.