Albertsons Companies news

23 September 2014
Albertsons and Safeway have released the details of the leadership team and organisational structure which will take effect upon the closing of the proposed merger transaction between the two retailers. Three regions, four divisions, no banner changes When the deal was initially announced, it was revealed that Safeway’s President & CEO, Robert Edwards, would lead the combined group. The broa...
23 April 2014
Safeway’s first quarter sales and other revenue increased by 1.8% to $8.3bn, with identical store sales up 1.8%. Net income in the quarter was impacted by currency and merger related expenses. Income from continuing operations, net of tax and excluding unusual items in 2014 and 2013, was $12.8m, compared to $37.5m in the first quarter of 2013. Difficult to pass through inflation driven co...
03 April 2014
Following its recent expansion to New York, the online grocery delivery specialist, Instacart, has now launched in Los Angeles. Connecting personal shoppers with customers Instacart, which is based in San Francisco, and initially focused its operations on the Bay area, uses personal shoppers to deliver products to customers’ homes directly. The business currently uses a range of stores in...
07 March 2014
Safeway and Albertsons have announced an agreement under which AB Acquisition, which owns Albertsons, will acquire all the outstanding shares of Safeway in a deal worth $9.4bn. This will create the second largest supermarket group in the US, with a diversified network that includes over 2,400 stores, 27 distribution facilities and 20 manufacturing plants. Click here to view our analysis...
19 February 2014
Safeway has announced that it is in discussions with regards to the possible sale of the company. Although the discussions are ongoing, the retailer has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction. Solid platforms for growth vs. maximising shareholder value This announcement was made...
28 November 2013
.style1 { text-align: center; } While retailers such as Walmart, Target and Toys R Us dominate Black Friday discussions, with the retailers attempting to out-do each other with deals on electronics, gaming consoles and toys, grocery retailers’ Thanksgiving strategies are often overlooked during this key trading period. Saving customers time, and stress While turkeys dominate, with retai...
18 November 2013
Loyalty and personalisation are at the forefront of retailers’ strategies in Canada, with a number of new initiatives in this space being announced. Sobeys launches its new mobile app This week Sobeys has launched its mobile app. While this has similar functionality to the apps of grocery retailers globally, such as enabling users to browse recipes, discover weekly and seasonal must-try pr...
15 November 2013
Grocery retailers globally continue to channel investment into the development of their fresh food offers. With the goal of driving stronger traffic, improving the store experience, and providing shoppers with inspiration, store formats and concepts are being developed which bring this to life. As a recognised strength for North American retailers, our latest insight presentation, Seven prin...
06 November 2013
Coop Danmark, Denmark’s largest grocery retailer is collaborating with Galleria, a Chicago-based category planning solutions provider. The partnership aims to improve the customer experience, as well as undertake work to automate and optimize Coop Danmark’s merchandising strategy in over 1200 Danish stores. Galleria CEO ‘confident’ of partnership Ian Duncan-Lewis, CEO of Galleria commented “Co...
24 October 2013
The Canadian Competition Bureau has approved Sobeys’ proposed acquisition of Canada Safeway, subject to the divestment of 23 stores. Deal includes grocery stores, distribution centres and manufacturing facilities Sobeys announced in June that it had reached an agreement to acquire all the assets of Canada Safeway in a deal worth $5.8bn. Net of the divestments, Sobeys will acquire 190 stores ...