Albertsons Companies news

Albertsons has announced plans to acquire Texas based United Supermarkets LLC. Profile: United Supermarkets Regionally based United currently operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and seven convenience stores and 26 fuel centres under its United Express banner. United also operates two divisions, R.C. T...

At IGD, we are keeping an eye on the online grocery channel around the world. Here, we take a closer look at the US market, including latest developments and innovative new retailers to watch. Online grocery is becoming a major priority for US retailers Although it is niche today, technology is empowering shoppers to transact anytime, anywhere, and a growing number of start-ups and tradit...

Dallas is among the best cities in which to see a broad representation of US retailers, particularly those with a focus on the supermarket format. We take a look at some of the key stores to see in North Dallas. National operators dominate As one of the largest cities in the US , it is an attractive prospect for a large number of retailers, and consequently it is a great city to see a variet...

Safeway’s second quarter total sales, for the 12 weeks to June 15, declined by 1.6% to $8.7bn, primarily due to lower fuel sales in and the divestment of Genuardi's stores last year. Identical store sales (ex-fuel) increased by 1.2% over the period. Adjusted net income increased by 2.0% to $125.1m. Within these results, the retailer’s Canadian operations, which are to be sold to Sobeys, are ...

Sobeys has reached an agreement to acquire all the assets of Safeway Canada in a deal worth $5.8bn. Solidifying Sobeys’ market position This deal represents an excellent strategic fit for Sobeys , strengthening its presence in Western Canada where the majority of Safeway’s stores are located. It also solidifies Sobeys’ number two position in the Canadian market, with the deal lifting the r...

Albertsons LLC has announced a new structure and management team to lead the stores that it will acquire from Supervalu when the transaction closes in mid-March. Opportunity to reunite the Albertsons businesses In January, Supervalu announced that it had entered into an agreement to sell 877 Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store ph...

Safeway’s total fourth quarter sales, for the 16 weeks to December 29, increased by 1.2% to $13.8bn, with identical store sales increasing by 0.8%. Net income attributable to Safeway increased by 13.2% to $244.0m. For the full year, total sales increased by 1.3% to $44.2bn, with identical store sales up 0.5%. Net income attributable to Safeway increased by 15.4% to $596.5m. Just for U prog...

Safeway has announced that its Chairman and CEO, Steve Burd, will retire in May. Driven the retailer’s transition for 20 years Mr. Burd joined Safeway in October 1992 as President and was appointed CEO in May of the following year. As CEO, he has been responsible for transforming the retailer over an unprecedented 20 years at the helm. Among some of his key initiatives were establishing a ...