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Big business: Boise’s Albertsons, Micron increase ranking on annual Fortune list

Idaho Business pres. by My 102.7

Fortune Magazine is out with its latest list of the top 500 businesses in the US, ranked by revenues. Two Idaho mainstays again make the list.

Boise-based grocery giant Albertsons ranked number 52 on the list, up one spot from the year before.

Forbes said the owner of chains like Safeway and Tom Thumb scooped up $59 billon in revenue, up 0.4%. It lists Albertsons with more than 275,000 employees.

The company reached as high as 24 on the list in the early 2000s. It fell off entirely for a period of ten years after a deal broke it into three pieces. The company regained prominence when it took over stores originally split off to Supervalu and bought the Safeway chain.

Chipmaker Micron ranked 105th on the list. That is Micron’s highest-ever position, rising 45 spots from the year before. Fortune said Micron brought in $30.39 billion in revenue, an increase of 49.5% from the previous year. Micron has 36,000 employees worldwide.

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The Fortune list only includes public companies and private companies it can find public information on. Albertsons is a private company but for the last several years has reported to the SEC in the manner of a public one. Another magazine – Forbes, says Albertsons is the third-largest private company in the country.

Simplot, HP

Another large Boise-based corporation, JR Simplot Co., is ranked as the nation’s 65th largest private business with more than $6 billion in revenue and 10,000 employees. If Simplot’s revenues met Fortune’s criteria, it would rank right around the 450 mark.

Hewlett-Packard, which the Boise Valley Economic Partnership says has 1,000-1,200 employees in Idaho, ranked 52nd on the list.

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