BOISE, Idaho — Albertsons Cos. reported sales and other revenue of $15.8 billion for the fourth quarter, up about 2.3% versus the prior-year period. The increase in sales was primarily driven by an 11.8% increase in identical sales, partially offset by the impact of the 53rd week in the fourth quarter of fiscal 2019, as
BOISE, Idaho — Albertsons Cos. has picked Danielle Crop to serve as its senior vice president and chief data officer, the company said on Friday. Crop was most recently chief data officer at American Express. The appointment is part of Albertsons’ move to step up its efforts to leverage data strategically for the enterprise. Crop
BOISE, Idaho — Albertsons Cos. said Tuesday that it is working with Google to offer an enhanced omnichannel shopping experience for its customers. The retailer said it is introducing several enhancements that will make the shopping easier and more efficient, including: Integrating with Google Search and Maps to help shoppers more easily find what they
BOISE, Idaho – Albertsons Cos. announced that its pharmacies have now administered more than 1 million doses of COVID-19 vaccine. “Our pharmacy teams across the country are working diligently in serving our communities during this national effort. We are deeply grateful to our federal partners and local jurisdictions in delivering this important milestone,” said Omer
BOISE, Idaho — Albertsons Cos. on Tuesday celebrated the stars of its Own Brands portfolio, announcing the winners of its first “Own Brands Associate Choice Awards.” Thousands of associates cast votes, choosing their favorite Albertsons Own Brands products in 15 categories. The votes were cast during the company’s January Own Brands “Best for Less” campaign.
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