Albertsons Companies news

19 October 2021
We review Albertsons’ second quarter performance and the progress it's making against its strategic plan. Q2 key numbers Total revenue increased to 4.7% to $16.5bn Identical store sales increased 1.5%; on a two-year stacked basis identical sales growth was 15.3% Digital sales increased 5%; on a two-year stacked basis digital sales growth was 248% Net income increased 3.8% to $29...
27 September 2021
We look at Albertsons’ plans to improve the online shopping experience through introducing livestreaming and shoppable videos, plus its new partnership with Pinterest. Helping shoppers to discover new products Albertsons is partnering with Firework, the short-form video platform designed to bring a shoppable, livestream video experience to any website. This type of model can help transform ...
20 September 2021
We highlight two of the latest developments in quick commerce, including the potential for next minute deliveries and consolidated shopping trips. Retailer Platform Robomart , which operates a fleet of on-demand automated stores, which consumers can summon to their home in less than ten minutes using a dedicated app, has launched a new Retailer Platform. This enables retailers to partn...
16 August 2021
US-based Albertsons has launched a suite of new digital experiences including a Deals & Delivery app, the relaunch of its loyalty programme and the introduction of a new subscription service, FreshPass. Deals and Delivery app The new and refreshed programmes have been designed to create more enjoyable and convenient experiences for Albertsons’ customers. At the heart of this is a new Deals & ...
02 August 2021
We review Albertsons’ first quarter performance and the three major changes it is leaning into as it plans for a post-pandemic trading environment. Q2 key numbers Sales and other revenue declined 6.5% to $21.3bn Identical store sales fell 10.0%, but were up 16.5% on a two-year stacked basis Digital sales were virtually flat, but increased 276% on a two-year stacked basis The ret...
21 July 2021
Albertsons is partnering with Uber to offer on-demand and scheduled grocery delivery from 1,200 of the retailer’s stores. Greater reliance on third-party delivery partnerships This partnership builds on a deal Albertsons signed with DoorDash last month as it continues to drive its ecommerce business. Last year, the retailer saw its digital sales increase 258%. It invested over $300m to ...
06 July 2021
North America’s grocery retailers* added over $100bn in sales last year as the pandemic caused a surge in demand and a shift from out-of-home to at-home dining. We compare this to previous years and identify some of the key winners in 2020. More growth than the previous three years combined Combined sales of over 40 of the region’s largest retailers increased by $103.6bn last year. This i...
09 June 2021
Following a five-week pilot programme, Albertsons is partnering with Fetch Rewards on a national roll-out, covering all 20 banners and over 2,200 stores. 7m active users Fetch Rewards is one of the fastest growing loyalty and rewards apps in the US. Since launching in 2017, it has been downloaded almost 19m times and has almost 7m active users. Through the app, shoppers have access to savin...
11 May 2021
Building on comments from president and CEO, Vivek Sankaran, earlier this month, Albertsons has confirmed that it is evolving its buying structure to adopt a centralised approach. Cost savings opportunity Speaking during its Q4 results , Sankaran highlighted that the retailer had increased its $1bn productivity savings target to $1.5bn by 2022. This builds on the $500m savings delivere...
26 April 2021
We review Albertsons’ fourth quarter results, which contributed to an outstanding full year performance, with sales hitting a record $70bn. The retailer plans to press on with its strategic growth and cost savings initiatives, including plans to simplify its supply chain and product sourcing. Q4 and full year key numbers Sales and other revenue increased to $15.8bn, driven by a 11.8% inc...