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. 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 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 Monday that Mike Theilmann has been named executive vice president and chief human resources officer, effective August 19, 2019. Theilmann joins Albertsons Cos. from Heidrick & Struggles, a leading global executive search and leadership consulting firm, where he served as the global practice managing partner, Human Resources Officers Practice.
PURCHASE, N.Y. — PepsiCo announced today that Albert Carey, chief executive officer, PepsiCo North America, will retire at the end of March 2019 after nearly four decades at PepsiCo. Vivek Sankaran, who currently serves as president and chief operating officer of Frito-Lay North America, will now become its CEO, and Kirk Tanner, who currently serves as president