BOISE, Idaho — Albertsons Cos. posted a sales increase of 1%, to $18.7 billion, during the 16-week fiscal first quarter ended June 16. The company attributed the $193.4 million increase in sales mainly to higher fuel sales (up $154.1 million). Same store sales for the quarter were up 0.2%. Gross profit margin increased to 27.7%
BOISE, Idaho – Albertsons Cos. announced this week their Idaho pharmacists can now prescribe for more health conditions under a new state law. Prior to the law’s July 1 effective date, targeted Albertsons Cos. pharmacies received agency approval to pilot the new program, making them the first large retail chain pharmacy to provide these services
CAMP HILL, Pa. — Ahead of the August 9 shareholders vote on the proposed merger with Albertsons Cos., Rite Aid Corp. reported operating results for its first fiscal quarter ended June 2. For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from
CAMP HILL, Pa. — Rite Aid Corp. on Tuesday announced that the registration statement on Form S-4, in connection with its proposed merger with Albertsons Cos., has been declared effective by the U.S. Securities and Exchange Commission (SEC). In connection with the definitive proxy statement/prospectus, Rite Aid issued a letter to shareholders detailing the merits
PALM BEACH, Fla. — Change, both confronting it and creating it, emerged as a powerful theme of the National Association of Chain Drug Stores Annual Meeting, which was held here last month. The theme of change was clearly on display in the remarks made during the Business Programs by NACDS chairman of the board Alex
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies, which will be called Albertsons Inc. once the deal is finalized following a shareholders vote. Announced in late February, the merger will join
BOISE, Idaho — Albertsons Cos. announced that Sean Barrett has been promoted to senior vice president of advertising and marketing. Barrett brings strong brand expertise and proven leadership from his tenure with the Albertson Companies Own Brands team and prior roles at Procter & Gamble, which culminated in his being named chief marketing officer of
BOISE, Idaho — Albertsons Cos. has hired Jim Donald as president and chief operating officer. Donald, 64, replaces Wayne Denningham, who retired earlier this year. Susan Morris, who in January was named executive vice president and chief operations officer, will continue in that role, Albertsons said earlier this month. Donald is a retail veteran with
BOISE, Idaho – Albertsons Cos. is inviting vendors to join its new digital marketplace for food and wellness products. The online marketplace, set to open to consumers early this summer, will provide a venue where Albertsons Cos. customers can find and buy hard-to-find products and to discover new items and trends, the company says. “At
NEW YORK — Mass Market Retailers presented its 2017 Retailer of the Year awards last week in New York City. The event drew retailer and supplier executives from across the food, drug and mass channels. Honored as MMR Merchant of the Year was Albertsons Cos. executive vice president and chief marketing and merchanding officer Shane
BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks, to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailers’ more than 2,300 stores and will help drive the growth of the
BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of Columbia. The merger will