BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to
BELLINGHAM, Wash. – Haggen Inc. is selling its remaining stores, completing a downward spiral precipitated by its acquisition last December of 146 Albertsons supermarkets. The retailer has received bankruptcy court approval to auction off its 33 core stores in Washington and Oregon on February 5. “The Haggen group of core stores is well run with
The reshuffling of the retail landscape is proceeding, indeed accelerating, at a pace undreamed of as recently as five years ago. This is not a reordering of companies or priorities or strategies. It is a reordering of people. Most recently, Michael Francis, the legendary retail marketer, has signed on at Walmart, as the world’s largest
DUBLIN, Calif. – A $4.8 million renovation of its culinary kitchen and technology center has allowed Albertsons to unite under one roof its personnel devoted to developing, testing and improving its myriad store brand items. The remodeled center, unveiled here earlier this month, consolidates the retailer’s food scientists, chefs and quality assurance personnel. Previously, the