Albertsons Companies news

Kroger and Albertsons, the two biggest supermarket operators in the USA, have entered into a definite agreement to merge in a $25 bn deal. This could be a transformational deal for the businesses and the wider industry. We look at why this is taking place and the potential impacts. Why is this deal being proposed? Earlier this year, Albertsons announced that it was undertaking a Board-led rev...

The checkout area continues to a focal point for new innovations and pilots. We look at the latest partnership between Standard AI and Compass Group, and round-up some of the other key developments in this space. Targeting the educational sector Standard AI is one of the leading tech-firms driving the development of checkout-free concepts globally. Its autonomous solution can be deployed in...

Albertsons saw a strong lift in net sales and other revenue in Q1, with the business benefitting from higher inflation and growth in digital sales. It expects the strong growth to continue throughout its fiscal year, updating its guidance on sales and profitability. Q1 key numbers Net sales and other revenue up 9.6% to $23,310m Identical store sales up 6.8% Digital sales up 28% ...

US-based Albertsons is partnering with Veeve Smart Carts to launch smart carts in around a dozen stores across the country. The retailer is aiming to develop a fast, contactless experience for its shoppers. Skipping traditional checkouts A growing number of retailers are piloting smart carts to offer a checkout-free shopping experience. Veeve Smart Carts enable shoppers to place their items...

As part of its new “Recipe for Change” Environmental, Social and Governance (ESG) framework, Albertsons has outlined a series of goals, including achieving net zero emissions in its operations by 2040. Recipe for Change framework Albertsons’ framework is based around four pillars: Planet, People, Product, and Community. It will be led by its chief sustainability and transformation officer, ...

Albertsons outlined its new transformation strategy, Customers for Life, placing its customers at the heart of its growth-centric model. Customers for Life The central element of Customers for Life is a plan to place the customer at the centre of everything it does, with the goal of “supporting them every day, every week, and for a lifetime.” Beyond shopping its stores, Albertsons wants its ...

Albertsons, the second largest supermarket operator in the US, is undertaking a Board-led review of potential strategic alternatives aimed at “enhancing its growth and maximising shareholder value.“ We consider what the potential outcomes could be. Transformation strategy This review comes as the retailer pursues a major transformation strategy, centred on accelerating its digital and omnic...

One of the USA’s leading grocery retailers, Albertsons, is partnering with DoorDash to launch a new 30-minute delivery service for online grocery orders. We look at how this fits into the quick commerce segment and what it could mean for its future evolution. Launching in 20 major cities The launch will see Albertsons and DoorDash, a leading on-demand delivery service for retailers and rest...

We review US-based Albertsons’ third quarter performance and the progress it’s making against its strategic plan, including winning with omnichannel households. Q3 key numbers Total revenue increased 8.6% to $16.7bn Identical store sales increased 5.2%; on a two-year stacked basis identical sales growth was 17.5% Digital sales increased 9%; on a two-year stacked basis digital sales...

US-based Albertsons is partnering with Picadeli to test its high-tech salad bars in six locations. Food safety and profitability This solution is being tested at six Safeway, ACME and Kings locations across Washington, D.C., Maryland, and New Jersey. It addresses two of the key challenges with operating salad bars; food safety and profitability. Salad bars were one of the first in-store ele...