BAVIS_1170x120_10-22-20

Albertsons Cos.

Albertsons Cos. raises outlook after strong Q3

Albertsons Cos. raises outlook after strong Q3

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

Albertsons pilots grocery pickup kiosk

Albertsons pilots grocery pickup kiosk

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

Albertsons names Gajial head of pharmacy

Albertsons names Gajial head of pharmacy

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

Mark Panzer leaves Albertsons

Mark Panzer leaves Albertsons

BOISE, Idaho — Chain drug industry veteran Mark Panzer, who most recently headed Albertsons Cos.’ pharmacy operations, has left the company to pursue other interests. A former chairman of the National Association of Chain Drug Stores, Panzer had been senior vice president of pharmacy, health and wellness at Albertsons since 2015. “We sincerely thank Mark

Albertsons Cos. conducts $800 million IPO

Albertsons Cos. conducts $800 million IPO

BOISE, Idaho — Shares of Albertsons Companies Inc. began trading on the New York Stock Exchange on Friday, following an $800 million initial public offering that valued the supermarket operator at about $9.3 billion. Albertsons Cos. sold 50 million shares at $16 per share, raising $800 million for its investors. That was below the target

Retailers show solidarity with protesters

NEW YORK — From Albertsons Cos. to Walgreens, retailers are expressing solidarity with Americans protesting the police killing of George Floyd. Retailers large and small have vowed to combat racism and discrimination within their organizations. Some also are lending support to advocates of systemic reform. Walmart and the Walmart Foundation are committing $100 million over

Albertsons Cos. launches Initial Public Offering

Albertsons Cos. launches Initial Public Offering

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

Albertsons Cos. to sell 17.5% stake to Apollo

Albertsons Cos. to sell 17.5% stake to Apollo

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

Albertsons starts strong in fiscal 2020

Albertsons starts strong in fiscal 2020

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

Retailers respond to COVID-19: Albertsons Cos.

Retailers respond to COVID-19: Albertsons Cos.

Editor’s note: This is part of a series of articles on how retailers are responding to the COVID-19 crisis. As we all navigate this public health crisis together, Albertsons Cos. is doing everything we can to prioritize the health and safety of our customers, our communities and our associates, and to ensure our customers have

1 2 3 7