CINCINNATI — The Kroger Co. said Thursday that, upon the completion of its merger with Albertsons Cos., the combined company will donate 10 billion meals by 2030 to feed people struggling with hunger. Ten billion meals is enough food to feed every person in the cities of Seattle, Denver, Chicago and Boston every meal, every day, for nearly two years. “Our
NEW YORK – The Honest Company’s founder and chief creative officer Jessica Alba and CEO Nick Vlahos have been added to the list of speakers slated to appear next month at NRF 2022: Retail’s Big Show. The pair will share insights on how the company has navigated the clean lifestyle movement to emerge as a
BOISE, Idaho — Albertsons Cos. reported Monday that its identical store sales for the second quarter were up 1.5% year-over-year, and 15.3% on a two-year stacked basis. Digital sales increased 5%, or 248% on a two-year stacked basis. Sales and other revenue totaled $16.5 billion for the 12 weeks ended September 11, up from $15.8
BOISE, Idaho — Albertsons Cos. announced Friday it will donate $500,000 to help provide food to those impacted by Hurricane Ida and the California wildfires. The donation will support local food banks and other hunger relief organizations in providing approximately 2 million meals to affected communities. “Hurricane Ida and the California wildfires have impacted
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.
In this week’s Video Forum, Vivek Sankaran, president and CEO of Albertsons Cos., talks about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, Albertsons’ growth strategy, and more.
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 Monday that Mike Theilmann has been named executive vice president and chief human resources officer, effective August 19, 2019. Theilmann joins Albertsons Cos. from Heidrick & Struggles, a leading global executive search and leadership consulting firm, where he served as the global practice managing partner, Human Resources Officers Practice.
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
BOISE, Idaho — Albertsons Cos. announced Friday that Vivek Sankaran, chief executive officer of PepsiCo Foods, North America, has been named the new president and CEO of Albertsons Cos., effective April 25. Jim Donald, currently the company’s president and CEO, will continue as co-chairman of the board, with Leonard Laufer serving as the other co-chairman.