February 26, 2024 by MMR
Albertsons Cos., Colorado attorney general Phil Weiser, Kroger, merger
2024, Issue 02-26-2024
DENVER — Colorado attorney general Phil Weiser has filed a lawsuit aiming to block Kroger’s planned $25 billion merger with Albertsons Cos., arguing that the deal “would lead to stores closing, higher prices, fewer jobs, worse customer service and less resilient supply chains.” Kroger and Albertsons responded in a joint statement that they were “disappointed
January 17, 2024 by MMR
Albertsons Cos., Kroger-Albertsons merger, The Kroger Co.
Leading Headlines, Retail News
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
January 15, 2024 by Jeffrey Woldt
Albertsons Cos., Chain Drug Review/MMR Video Forum, Kroger CEO Rodney McMullen, Rodney McMullen, Video Forum
Leading Headlines, Videos
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
January 15, 2024 by Jeffrey Woldt
Albertsons Cos., Jeffrey Woldt, Kroger, Rodney McMullen
2024, Issue 01-15-2024
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
December 18, 2023 by MMR
Albertsons Cos., Lisa Gray, Sarah Mensah
Leading Headlines, People, Retail News
BOISE, Idaho — Albertsons Cos. has expanded its board of directors to 11 members, adding Sarah Mensah of Nike and Lisa Gray of Cerberus. “Sarah and Lisa are accomplished leaders in their respective industries, and I am delighted to officially welcome them to the Albertsons Cos. Board of Directors,” said Vivek Sankaran, CEO of Albertsons
October 18, 2023 by MMR
Albertsons CEO Vivek Sankaran, Albertsons Cos., second-quarter earnings
Leading Headlines, Money, Retail News
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
September 15, 2023 by MMR
Albertsons Cos., Albertsons digital tools, Meal Plans and Recipes Tool
Leading Headlines, Retail News
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
September 11, 2023 by MMR
Albertsons Cos., C&S Wholesale Grocers LLC, The Kroger Co.
Leading Headlines, Retail News
In stepping up as the buyer of any and all grocery stores that would be divested to allow one of the largest retail mergers in the nation’s history to proceed, C&S Wholesale Grocers is drawing attention to the retail side of its business. Industry insiders are likely more familiar with C&S’s prominence as a supplier
July 26, 2023 by MMR
Albertsons CEO Vivek Sankaran, Albertsons Cos., fiscal first quarter earnings
Leading Headlines, Money
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
June 23, 2023 by MMR
Albertsons CEO Vivek Sankaran, Albertsons Cos., chairman and chief executive officer of Kroger Co., Kroger, Vivek Sankaran, Zero Hunger | Zero Waste
Leading Headlines, Retail News
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
June 19, 2023 by MMR
Albertsons Cos., Private Label Manufacturers Association, Rite Aid, store brand
2023, Issue 06-19-2023, Issues
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
June 19, 2023 by MMR
Albertsons Cos., MMR's Most Influential Women
Issue 06-19-2023
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