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
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
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
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
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
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
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
BOISE, Idaho — Albertsons Cos. announced earlier this month that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of Series A mandatory convertible preferred
BOISE, Idaho — Albertsons Cos. said that its third-quarter revenue increased 1.9% to $14.1 billion, driven by a 2.7% increase in comparable-store sales. Same-store sales have now increased for eight consecutive quarters. Gains in the 12 weeks to November 30 were attributed to growth in sales of its Own Brands merchandise. Participation in Albertsons’ grocery
BOISE, Idaho — Albertsons Cos. announced on Thursday that it is offering one- to two-hour delivery service at selected Albertsons Cos. pharmacies in Louisiana, Texas and the District of Columbia, decreasing the time patients must wait to receive critical medications. The new one- to two-hour delivery service is now available at Albertsons Cos. pharmacies in
BOISE, Idaho — Albertsons Cos. is phasing out subscriptions for Plated meal kits that shoppers can purchase online and cook at home. The retailer said Plated is being transitioned into a “comprehensive in-house culinary brand” that will join its lineup of private label products. “Our vision for Plated includes an expanded set of products that
BOISE, Idaho — Albertsons Cos. has named Chris Rupp executive vice president and chief customer and digital officer, effective December 3. Rupp joins Albertsons Cos. from Microsoft Corp., where she most recently served as general manager of the company’s Xbox Business Engineering team. Rupp will be responsible for integrating and enhancing customers’ experiences across all