Albertsons Companies news

Albertsons, the third-largest food retailer in the US, has rolled-out a new contactless payment tool across its store network. Contactless payment Albertsons Pay has been launched within the retailer’s just for U loyalty app. It provides shoppers with a safe, secure and contactless way for shoppers to pay in-store. They can also apply discounts and earn rewards within the app. It has been r...

Albertsons is piloting pickup lockers at selected Jewel-Osco stores in Chicago and Safeway stores in the San Francisco Bay area. Focus on contactless solutions The introduction of the lockers comes as retailers increasingly focus on providing customers with contactless solutions for ecommerce and other services. They will complement its existing fulfilment models which include store pickup,...

Albertsons’ Mid-Atlantic division, ACME Markets, has emerged as the successful bidder for 27 Kings Food Market and Balducci’s Food Lover’s Market locations. Increasing competition leading to bankruptcy The retailer’s parent company, KB US Holdings, filed for bankruptcy in August, having faced significant competition in its operating region. The company operated a total of 35 stores. This in...

We look at some of the latest initiatives from the major US grocery retailers, Walmart, Kroger and Albertsons.  Walmart is partnering with Instacart for on-demand deliveries Walmart has partnered with the leading on-demand, crowd-sourced delivery company, Instacart, to offer online grocery deliveries in Los Angeles, San Francisco, San Diego, and Tulsa, Oklahoma. Instacart joins a roster of ...

US-based Albertsons delivered a strong first quarter, including digital sales growth of 276%. Identical store sales up 26.5% Albertsons’ first quarter sales increased 21.4% to $22.8bn, with identical store sales up 26.5%. The significant increase was driven by the surge in demand related to COVID-19, which also underpinned the acceleration of its digital operations. Net income increased fro...

As coronavirus cases spike in the US, several major US retailers will require shoppers to wear face masks. We look at what this means in terms of the intensity of the coronavirus pandemic in the the country. Bringing consistency across their operations Following Walmart's annoncement earlier in the week, several other US retailers have announced face mask mandates, including Kroger and Albe...

With Albertsons preparing to go public, we look at the recent effects of COVID-19 and how these have impacted the business. The timing is right Albertsons has been preparing to go public for some time and filed its plans for IPO with federal regulators back in March. It has now launched these plans and will sell 65.8 million shares on the New York Stock Exchange, although the exact date for...

We review Albertsons' fourth quarter and full year sales, which put the business in a strong position for being listed publically. Ecommerce up 39% in 2019 Net sales for the fourth quarter were up 10.1% to $15.44bn, however this includes an extra week compared to 2018. Same store sales were up 1.8% and this reflects the negative impact from the timing of Thanksgiving in 2019. Digital sales ...

As Albertsons prepares to go public, we look at some of the key strengths of the business and factors driving its growth. It continues to perform well in a challenging environment, making it an attractive proposition for investors. Clear strategic framework Albertsons aims to offer a shopping experience that is easy, exciting and friendly for its customers and supports this through its stra...

We review the strong Q3 results at Albertsons, driven primarily by online and private label performance. Growth picking up For the quarter, sales increased by 1.9% to $14.1bn, with identical store sales growing by 2.7%. This is the strongest quarterly growth this year and was helped by the 34% increase in its online sales; both its online home delivery and Drive Up & Go pickup sales. During...