BOISE, Idaho — Albertsons Cos. raised its outlook for fiscal 2020 on Tuesday after reporting strong results for the third quarter. Highlights for the 12-week period ended December 5 included identical store sales growth of 12.3% and digital sales growth of 225%. “Our constant focus on our customers continued to drive strong growth and market
BOISE, Idaho — Albertsons Cos. is piloting an automated and contactless grocery pickup kiosk at one of its Jewel-Osco stores in Chicago. The retailer plans to install a second unit at a Bay Area Safeway in the near future. “We are supercharging our digital and omnichannel offerings to serve customers however they want, whenever they
In this week’s Video Forum, Vivek Sankaran, president and CEO of Albertsons Cos., talks about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, Albertsons’ growth strategy, and more.
BOISE, Idaho — Albertsons Cos. has named Omer Gajial as its new senior vice president of pharmacy and health, according the the retailer’s LinkedIn page. He previously held positions at Amazon and PepsiCo. Gajial replaces Mark Panzer, who left his role as senior vice president of pharmacy, health and wellness in August. A former chairman
BOISE, Idaho — Albertsons Cos. announced today that it has partnered with Phosphorus to begin offering at-home COVID-19 test kits in select market areas, with plans to expand the offering throughout September and October. The saliva tests typically return results in 72 hours or less from the time the lab receives the test. Albertsons Cos.
BOISE, Idaho – Albertsons Cos. reported net income of $586 million in its first quarter, with pandemic-related demand pushing up identical-store sales by 26.5%, the company said Monday. Digital sales increased 276% in the 16 weeks to June 20, as more shoppers sought to stock up on food and essentials from the safety of their
BOISE, Idaho — Albertsons Cos. has launched an initial public offering involving 6.8 million shares of its common stock, the company announced Thursday. The retailer plans to list its shares on the New York Stock Exchange under the symbol “ACI.” The stock will be sold by some of the company’s stockholders at an expected price
BOISE, Idaho — Albertsons Cos. plans to sell a 17.5% stake to the private equity firm Apollo Global Management for $1.75 billion. The deal, announced Wednesday, is expected to close by June 15. “Albertsons Companies is pleased to work with Apollo and its co-investors,” Albertsons president and CEO Vivek Sankaran said in a statement. “Apollo
BOISE, Idaho — Albertsons Cos. posted an identical store sales increase of 47% for the first four weeks of fiscal 2020, the company said on Thursday. Quarter-to-date identical sales for the first eight weeks of fiscal 2020 increased 34% compared to the comparable prior year period. Albertsons reported its first quarter sales-to-date as part of
BOISE, Idaho — Albertsons Cos. has named Chris Rupp executive vice president and chief customer and digital officer, effective December 3. Rupp joins Albertsons Cos. from Microsoft Corp., where she most recently served as general manager of the company’s Xbox Business Engineering team. Chris Rupp Rupp will be responsible for integrating and enhancing customers’ experiences
BOISE, Idaho — Last month, Albertsons Cos. posted a 2.4% same-store sales increase in its 2019 second quarter, its seventh straight quarterly gain. The company also reported net income for the quarter of $294.8 million (versus a net loss of $32.4 million in the prior-year period) and a 40% increase in sales for its online
BOISE, Idaho — As part of its commitment to prevent opioid misuse, Albertsons Cos. now offers DisposeRx — an at-home, eco-friendly medication disposal service — at its nearly 1,800 pharmacy counters in 34 states and Washington, D.C. Albertsons Cos. banners with pharmacies offering DisposeRx include Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market,
BOISE, Idaho — Albertsons Cos. has promoted Own Brands president Geoff White to executive vice president and chief merchandising officer. Under White’s leadership, Own Brands penetration grew from 23.0% in fiscal year 2017 to 25.3% in the company’s most recently reported quarter. O Organics and Open Nature represent 23.6% of the total natural and organic
BOISE, Idaho — Albertsons Cos. announced Wednesday that Shane Sampson, executive vice president and chief marketing a merchandising officer, has decided to leave the company at the end of its second fiscal quarter on September 7. The company has launched a search for a successor. Sampson is a fourth-generation retailer who started his career as