Associated Food Stores is an American retailers cooperative that supplies about 500 independently owned retail supermarkets throughout Utah, Arizona, Idaho, Colorado, Montana, Oregon, Nevada, and Wyoming. The headquarters for Associated Foods is located at 1850 N 2100 West in Salt Lake City, Utah, United States. The companys President and CEO is Neal Berube. It reported over US$1.6 billion (equivalent to $1.829 billion in 2015) in sales during fiscal year 2007 and is currently the fifty-sixth largest grocery retailer in the country by volume with 23% of its total sales coming from its corporate stores. Associated Food Stores was founded in 1940 by Donald P. Lloyd, president of the Utah Retail Grocers Association along with 34 Utah retailers. Concerned with effect that large corporate stores would have on small independent retailers, he felt the only way these small businesses could survive is if they united and faced the competition as one, therefore increasing their collective buying power. He convinced 34 stores to donate $300 (equivalent to $5,076 in 2015) to help build an independent and "associated" warehouse.