Albertsons Companies news

We review Albertsons' fourth quarter results as a new CEO steps into the leadership role. Sales break through $60bn Albertsons’ Q4 sales were flat to last year at $14.0bn, with identical store sales up 1.1%. Adjusted EBITDA increased 2.1% to $727.2m, reflecting improvements in wastage and better than expected fuel margins. For the full year, sales increased 1.0% to $60.5bn, with identical s...

Following the launch of its digital marketing programme, Albertsons Performance Media (APM), one year ago, we look at how Albertsons is helping its suppliers to drive strong returns on their digital marketing spend. Exceeding expectations The retailer partnered last year with Quotient to create a digital media platform, Albertsons Performance Media. This enables branded suppliers to connect...

Albertsons is adding a range of compostable and earth-friendly products to its Open Nature private brand range. Products align with broader brand standards The launch of the new products coincides with the beginning of Earth Month. The products align with the Open Nature brand standards of offering high-quality, minimally processed items. They feature environmentally friendly attributes, in...

Albertsons, the second-largest supermarket operator in the US, has appointed Vivek Sankaran as president and CEO, effective April 25, 2019. He joins the retailer from PepsiCo, where he currently serves as CEO, PepsiCo Foods North America. Jim Donald, currently the company’s president and CEO, will continue as co-chairman of the Board, with Leonard Laufer serving as the other co-chairman. Sharp...

Albertsons is set to become the first national grocer in the US to pilot and implement a robotic picking and micro-fulfilment solution for grocery ecommerce. Utilising a range of ecommerce models Albertsons is partnering with Takeoff Technologies to launch an automated ecommerce fulfilment centre. The pilot is set to launch next year. The retailer currently operates a range of ecommerce mod...

As Albertsons reported its second quarter performance, it lowered its guidance for full year identical stores sales. Expecting full year identical store sales of 1.0-1.3% Albertsons’ second quarter sales increased by 1.4% to $14.0bn, with identical store sales up 1.0%. While this was an improvement on the first quarter’s 0.2% growth, the retailer has lowered its guidance for full year. It e...

We review Albertsons’ first quarter performance, including a rapid increase in ecommerce sales following the acquisition of meal kits company, Plated. Anticipates identical store sales of 1.5-2.0% for the full year Albertsons’ first quarter sales increased by 1.0% to $18.7bn with identical store sales up 0.2%. Adjusted EBITDA increased by 5.7% to $44.1 m. The retailer anticipates strengthen...

Albertsons has partnered with Instacart to launch an online market, O Organics Market, featuring products from its O Organics and Open Nature private brands. Private brand powerhouse The service has launched initially in San Francisco and Washington, DC, before potentially rolling-out to other cities. The service offers almost 3,800 items from the O Organics, Open Nature and other organic a...

Albertsons has launched an ultra-premium private brand, Signature Reserve. Developed to offer unparalleled quality Signature Reserve has been developed to offer exceptional quality, using expertly sourced flavors and ingredients. The initial launch of Signature Reserve is for seven flavors of ice cream. These include Brazilian Guava Cheesecake, Madagascar Vanilla, Colombian Cold Brew Carame...

We review Albertsons’ fourth quarter performance and the prospects for the year ahead as it sets to complete its merger with Rite Aid and push ahead with three other key initiatives. Improving performance in the fourth quarter Albertsons’ fourth quarter sales increased by 1.6% to $14.0bn, with identical store sales (ex-fuel) up 0.6%. The retailer’s net income increased from $34.6m to $388.3...