CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through the addition of 1,800
BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and
BOISE, Idaho — After 40 years of service, Albertsons Cos. president and chief operating officer Wayne Denningham is stepping down at the end of the fiscal year, the company announced earlier this month. The company also named Susan Morris as executive vice president and chief operations officer, overseeing the company’s supply chain, manufacturing and operations
BOISE, Idaho — Albertsons Cos. announced the launch of Albertsons Performance Media, a digital media tool for providing brands with proprietary shopper data that can help drive sales across the supermarket operator’s network of 2,300 stores in 35 states. Albertsons Performance Media features technology from Quotient Technology Inc., a Silicon Valley-based provider of digital coupons
BOISE, Idaho — Albertsons Cos. has had a remarkable story over the past 11 years, growing from a group of 661 mostly unloved grocery stores into one of the nation’s leading food retailers, with more than 2,300 supermarkets operating under 20 banners and across 35 states and the District of Columbia. As executive vice president
BOISE, Idaho — Albertsons Cos. announced it has invested in El Rancho Supermercado, a Texas-based retailer that focuses on stores for Latino customers. El Rancho will continue to operate as an independent company headquartered in Garland, Texas. “El Rancho has built a great business with its 16 Texas stores, and we’re confident that we’ll be
CHICAGO — Food and drug retailer Albertsons Cos. has entered into an agreement with data and analytics specialist IRI for supply chain services. IRI said Tuesday that under the pact, Albertsons will integrate its supply chain data, including inventory and transactional shipment information, into the IRI Liquid Data and Unify visualization platform. The technology platform
BOISE, Idaho — Albertsons Cos. has begun accepting Apple Pay mobile payment in all of its food and drug retail banners, spanning more than 2,300 stores nationwide. Albertsons Cos. said Monday that Apple Pay represents a new feature at checkout in its Albertsons, Safeway, Vons, Pavilions, Tom Thumb, Randalls and Carrs supermarket locations. The digital
PLEASANTON, Calif. — The Albertsons Cos. Foundation said it would hold an in-store fundraiser to raise money for wildfire relief. Safeway, Vons, Pavilions and Albertsons stores in California and northern Nevada are raising money to help disaster relief organizations, including the Red Cross, to prepare for, respond to and help people recover from the devastating
BOISE, Idaho — Albertsons Cos. is buying meal kit delivery company Plated, a vehicle for catering to consumers attracted to the convenience of having their meals delivered. “Today’s consumer is looking for a variety of personalized shopping alternatives, and this transaction is the latest example of Albertsons meeting our customers wherever and however they like
Albertsons Cos.’ decision to acquire Plated, one of the leaders in the burgeoning meal kit service business, is further evidence of the ferment in the nation’s grocery sector and the company’s determination to capitalize on the changes under way that are transforming the industry. Established in 2012, Plated leverages technology and data to give consumers
BOISE, Idaho — Albertsons Cos. has named Guy Burgstahler to serve as its new vice president of advertising, saying that he has a great track record of driving well-known brands in diverse industries to dominant positions in their markets. “Guy is a creative visionary with proven experience building engagement and loyalty among a variety of