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Albertsons Cos.

Kroger pushes back timeline on merger closure

Kroger pushes back timeline on merger closure

NEW YORK — Regulators with the Federal Trade Commission need more time to consider Kroger’s proposed acquisition of Albertsons Cos. and the related divestiture plan the retailers offered to allay antitrust concerns, according to court filings. Kroger revealed in court filings in a California lawsuit brought by consumers seeking to halt the merger that regulators

Video Forum: Rodney McMullen, Kroger

Video Forum: Rodney McMullen, Kroger

This week’s Video Forum features Kroger chairman and CEO Rodney McMullen, MMR’s newly named Retailer of the Year. McMullen discusses some of the major initiatives that have helped make the company the nation’s premier operator of traditional supermarkets. In addition, he shares his thoughts about Kroger’s pending $24.6 billion merger with Albertsons Cos. (The article

McMullen hailed as Retailer of the Year

McMullen hailed as Retailer of the Year

CINCINNATI — The editors of Mass Market Retailers have named Rodney McMullen the publication’s Retailer of the Year. The recognition for Kroger’s chairman and chief executive officer will rightly be linked to the company’s pending $24.6 billion merger with Albertsons Cos., but the deal is only one aspect of the work that McMullen has done

Albertsons: Sales up, profit down in quarter

Albertsons: Sales up, profit down in quarter

BOISE, Idaho — Albertsons posted modest but declining gains in net sales and same-store sales in its second quarter amid deteriorating conditions for the supermarket sector. Net income in the 12 weeks to September 9 declined 22% to $266.9 million and earnings before interest, taxes and amortization (EBITA) declined for the third consecutive quarter, slipping

Albertsons upgrades Meal Plans tool

Albertsons upgrades Meal Plans tool

BOISE, Idaho — Albertsons Cos is updating its Meal Plans digital tool to provide grocery shoppers with culinary inspiration and to help them save time and money. The tool, accessed through the retailer’s app and websites, provides features such as a budget tracker, an expanded library of more than 8,000 recipes (many developed by professional

Albertsons reports first-quarter revenue gains

Albertsons reports first-quarter revenue gains

BOISE, Idaho – Albertsons Cos. reported revenue of $24.1 billion during the 16 weeks ended June 17, 2023, up from $23.3 billion during the year-earlier period, with the increase driven by factors including a 4.9% increase in identical sales, retail price inflation across most categories, growth in pharmacy and increasing digital penetration. Albertsons said digital

Kroger-Albertsons to donate 10 billion meals by 2030

Kroger-Albertsons to donate 10 billion meals by 2030

CINCINNATI — The Kroger Co. said Thursday that, upon the completion of its merger with Albertsons Cos., the combined company will donate 10 billion meals by 2030 to feed people struggling with hunger. Ten billion meals is enough food to feed every person in the cities of Seattle, Denver, Chicago and Boston every meal, every day, for nearly two years. “Our

Albertsons, Rite Aid hone store brands

NEW YORK — Albertsons Cos. and Rite Aid Corp. are among mass retailers enhancing their store brand offerings as growth of the brands continues to outpace gains by national brands. The Private Label Manufacturers Association (PLMA) reported store brand sales increased 11.3% last year as national brand sales increased 6.1%. In volume terms, store brand

Influential Women: Jennifer Saenz, Albertsons Cos.

BOISE, Idaho — As executive vice president and chief merchandising officer for Albertsons Cos., Jennifer Saenz is responsible for national merchandising, marketing, insights, loyalty, data commercialization and Albertsons Cos.’ highly regarded portfolio of Own Brands. She sees her and her team’s mission as bringing people together around the joys of food to inspire well-being. “When

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