November 23, 2014 5:27 PM ET

Food and Staples Retailing

Company Overview of Trader Joe's Company

Company Overview

Trader Joe's Company operates a chain of convenience stores in the United States. It offers bakery products, beverages, cheese products, frozen products, groceries, produce and flowers, refrigerated products, snacks and sweets, supplements, and wines and beers. Trader Joe's Company was formerly known as Pronto Markets and changed its name to Trader Joe's Company in 1967. The company was founded in 1958 and is headquartered in Pasadena, California. Trader Joe's Company operates as a subsidiary of T.A.C.T. Holding, Inc.

610 South Arroyo Parkway

Pasadena, CA 91105

United States

Founded in 1958

Phone:

626-568-9254

Key Executives for Trader Joe's Company

Chairman and Chief Executive Officer
Age: 66
Executive Vice President of Finance and Administration
Regional Vice President
Regional Vice President
Regional Vice President
Compensation as of Fiscal Year 2014.

Trader Joe's Company Key Developments

Trader Joe's Plans to Open Shoreline Store in 2015

Trader Joe's is poised to open in 2015 at the Shoreline Marketplace shopping center. The company signed a lease for a 10,300-square-foot store. The Shoreline Marketplace center, formerly occupied by a Haggen/TOP Food grocery store, is a 52,622-square-foot development owned by Merlone Geier Partners.

Dairy Companies Sue Trader Joe's over Ended Contracts

Two dairy companies sued Trader Joe's this month for allegedly coercing suppliers to end their contracts with them and to instead sell directly to the grocery chain at a lower price. The plaintiffs, Natural Dairy Products and Dairy Smart Inc., filed a lawsuit in Los Angeles Superior Court this month, accusing Trader Joe 's of intentional interference with contractual and prospective economic relations. Until last year the two companies acted as middlemen for Trader Joe's dairy products. Natural Dairy Products arranged contracts with dairy manufacturers and suppliers, including Foster Farms' ice cream division, Crystal Creamery, and addressed quality control for goods such as ice cream that it sold to Trader Joe's from suppliers. Dairy Smart acted as a broker for Trader Joe's yogurt, cottage cheese and other products.

Made in the USA Foundation Sues to Protect Consumer's Right to Know Under the Country of Origin Labeling Act

Made in USA Foundation Chairman, Joel D. Joseph filed a lawsuit in the County of Los Angeles Superior Court of the State of California against Trader Joe's Company (DOC # BC 543455) requesting an Injunction against the company, and alleging they are selling meat and produce to consumers with 'country of origin' labels that are outright misleading and confusing. Mr. Joseph filed the lawsuit after shopping at Trader Joe's and seeing labels improperly and incorrectly labeled with multiple country of origin designations and provides exhibits within his lawsuit showing the multiple country of origins on labels for spinach, lettuce, ground beef and rib eye steak that is not compliant with United States Department of Agriculture requirements and the U.S. Country of Origin Act (COOL). Nationwide, consumers are increasingly at risk to foodborne illnesses like e-coli and mad cow disease that are rampant in certain countries. Consumers may want to avoid food from certain countries and with Trader Joe's misleading and confusing labeling with multiple countries listed on meat and produce, it's almost impossible for consumers to make informed, intelligent choices to protect their health and their family's health.

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