February 26, 2024 by MMR
Albertsons, Federat Trade Commission, FTC, Kroger
Featured Articles, Leading Headlines, Money, Retail News
WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over
February 21, 2024 by MMR
Albertsons, Brandon Brown, PLMA
Leading Headlines, People, Supplier News, Topics
NEW YORK — Brandon Brown, senior vice president of Own Brands at Albertsons Companies, has been announced as the keynote speaker at the PLMA 2024 Annual Meeting & Leadership Conference, which is being held March 20-22 in San Antonio. The event at the Hyatt Regency San Antonio Riverwalk will focus on trends and issues and
January 11, 2024 by MMR
Albertsons, Signature SELECT
Leading Headlines, Retail News
BOISE, Idaho — Albertsons Cos. is aiming to raise the bar on family dinners with its latest own brand introduction, which aims to make picking and preparing meals easy. The new Signature SELECT Mix + Match meal solution is designed for utmost convenience, saving time for busy families both in the store and in the
September 20, 2023 by MMR
Albertsons, Kroger, Kroger chairman and CEO Rodney McMullen, Stuart Aitken
Leading Headlines, Retail News
CINCINNATI — Kroger Co. said Tuesday that it commit to making more local products available to its customers following its proposed merger with Albertsons Cos. Once the deal is consumated, the combined company will increase the number of local products in its stores by 10%, which equates to at least of 30 new local products
September 8, 2023 by MMR
Albertsons, C&S Wholesale Grocers, Kroger
Featured Articles, Leading Headlines, Retail News
CINCINNATI — The Kroger Co. and Albertsons Cos. today announced that they have entered a definitive agreement with C&S Wholesale Grocers LLC for the sale of 413 stores and other assets in connection with the supermarket retailers’ proposed merger. The agreement also calls for Keene, N.H.-based C&S Wholesale to acquire three banners, eight distribution
September 6, 2023 by MMR
Albertsons, C&S Wholesale Grocers, Kroger
Leading Headlines, Retail News
NEW YORK – C&S Wholesale Grocers is reportedly in talks to potentially buy grocery stores from Kroger and Albertsons as the retailers pursue regulatory approval of a proposed merger that could require divestiture of hundreds of supermarkets. News of the talks was first reported by Bloomberg News and picked up by other media outlets. Reuters,
May 19, 2023 by MMR
Albertsons, Albertsons CEO Vivek Sankaran, Tom Moriarty
Leading Headlines, People, Retail News
BOISE, Idaho — Albertsons Cos. has named Tom Moriarty to be executive vice president and general counsel, effective June 5. Moriarty brings more than 30 years of executive leadership experience to Albertsons Cos., including senior positions across legal, corporate strategy, policy and operations. He joins the Company from CVS Health, where he spent more than
April 17, 2023 by MMR
Albertsons, O Organics brand, Organic Breakfast Month
2023, Issue 04-17-2023, Issues
BOISE, Idaho — Albertsons Cos. has updated the packaging of its O Organics brand, and is celebrating the private label line’s new look with a campaign designating April as Organic Breakfast Month and encouraging customers to share their favorite breakfast routine on social media using #WakeUpOrganic. Albertsons aims to position O Organics as the go-to
January 10, 2023 by MMR
Albertsons, Albertsons CEO Vivek Sankaran, third quarter
Leading Headlines, Money, Retail News
BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in prior year period. Adjusted net income was $505 million, or $0.87 per share, which beat the 66 cent FactSet consensus forecast.
October 13, 2022 by MMR
Albertsons, Kroger
Uncategorized
CINCINNATI — Kroger Co. is seeking to acquire Albertsons Cos. and could announce a deal this week, according to published reports. Kroger is the nation’s top traditional grocery store operator, with almost 2,800 food stores operating under about 20 different banners, including Kroger, Ralphs, Dillons, Smith’s, King Soopers, Fry’s, QFC, City Market, Owen’s, Jay C,
July 26, 2022 by MMR
2022 first quarter, Albertsons, first quarter
Featured Articles, Leading Headlines, Money, Retail News
BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per
January 31, 2022 by MMR
Albertsons, third quarter
2022, Issue 01-31-2022, Issues
BOISE, Idaho — Albertsons Cos. reported increased sales and earnings for its fiscal 2021 third quarter, which ended December 4. Identical sales increased 5.2%; on a two-year stacked basis identical sales growth was 17.5%. Digital sales increased 9%, and the gain on a two-year stacked basis was 234%. Net income was $424.5 million, or 74