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Albertsons

Panzer honored for Lifetime Achievement

Panzer honored for Lifetime Achievement

BOISE, Idaho — Since going to work at an Osco Drug store in Chicago as a 15-year-old high school student in early 1972, Mark Panzer has been a force in retail pharmacy. With hard work and the inspiration of role models, Panzer carved out a career in retailing that the editors at Mass Market Retailers

Sankaran: Albertsons ready for changing times

Albertsons Cos. president and chief executive officer Vivek Sankaran recently spoke with Mass Market Retailers editor-in-chief Jeffrey Woldt about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, and Albertsons’ growth strategy. This is an edited version of that conversation, which is available in video form on massmarketretailers.com.

Albertsons donates $14 million to fight hunger

Albertsons donates $14 million to fight hunger

BOISE, Idaho — Albertsons Cos. Foundation is awarding almost $14 million in grants from its Nourishing Neighbors community relief fund to local hunger-fighting organizations across the country. The grants include almost $4 million for 13 large grants to organizations across the United States as part of Nourishing Neighbors’ new innovation grant program, which awards grants

Albertsons IPO values company at $9.3 billion

BOISE, Idaho — Albertsons Cos. has rejoined the ranks of publicly owned retailers following an initial public offering (IPO) of 50 million shares of common stock at $16 per share, or $800 million. Excluding a hefty debt load of almost $8.7 billion, the IPO values Albertsons Cos. at about $9.3 billion. The offering was smaller

MMR honors ‘People Who Made a Difference’

MMR honors ‘People Who Made a Difference’

NEW YORK — Mass Market Retailers on Tuesday evening honored the outstanding executives who were chosen as the publication’s Six Who Made a Difference in 2019. On hand to receive awards were the following executives: Brian Eason, Vice President of Consumer Health and Wellness, CVS Health. Lori Flees, Senior Vice President of Health and Wellness,

New Albertsons CEO

BOISE, Idaho — Vivek Sankaran, president of Frito-Lay North America, has been hired by Albertsons Cos. as the grocery chain’s new president and chief executive officer. The 55-year-old Sankaran is replacing Jim Donald, who took the helm in September, succeeding longtime CEO Bob Miller, who stayed on as chairman of the board of directors and

Albertsons aims to remake shopping experience

Albertsons aims to remake shopping experience

BOISE — Albertsons Cos. is working with Microsoft on cloud-based computing and artificial intelligence solutions that it says will provide new and transformative experiences for customers and employees. “We are reimagining the future to serve customers in a way they want to interact with us across all channels,” said Anuj Dhanda, Albertsons Cos. executive vice president and

Rite Aid ready to put merger to a vote

CAMP HILL, Pa. — Rite Aid Corp. shareholders will vote on the company’s merger with Albertsons Cos. at a special meeting on August 9. If approved, the $24 billion transaction would take privately held Albertsons public and give its shareholders a majority stake in the combined company. The merged entity would be a top-five food

IRI Growth Summit looks to future of CPG

IRI Growth Summit looks to future of CPG

LAS VEGAS —IRI’s 2018 Growth Summit kicked off yesterday at the Wynn Las Vegas with a record-breaking attendance of approximately 1,500 participants. The Chicago-based market research firm’s 15th annual IRI Growth Summit, running from April 16-18 features visionaries and leaders from the world’s top consumer packaged goods manufacturers, retailers and media agencies.With an ever-changing marketplace,

A new wellness retail paradigm

A new wellness retail paradigm

The pending merger between Albertsons Cos. and Rite Aid, which was announced late last month after extensive negotiations, represents a major milestone for the companies involved and a potentially decisive turning point in the ongoing, if sometimes sporadic, effort by mass market retailers to more closely align nutrition, health and wellness in order to better