As part of a growth strategy, ABC Corporation has made some serious acquisitions in its history that led the company to be one of the leading supermarket store chains in the region. In 1956, the company operated just nine grocery store sites with around $8 million in annual revenues. In 1973, after acquiring ten drug stores put up for sale in the region, the company began to deal with both the grocery and drug items in the same store. The company boosted its annual sales volume up to nearly $1.8 billion after the acquisition of another store chain with 17 grocery store sites, which had developed a reputation for their superb product quality and excellent customer service throughout a West Coast state. By the mid-1990’s, the company grew up to operate 81 stores, thus making it one of the giant supermarket chains. In 1998, the company acquired an up scale grocery chain with 27 stores. Again in 1999, the company purchased additional 27 stores from two grocery store chains so that it could compete against larger chains such as Safeway, Albertson, and Lucky.