Albertsons Companies news

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...
13 April 2021
In our latest report, we look at the initiatives retailers are putting in place as they strive to improve online grocery profitability following a year of accelerated growth. Five areas of focus for improved profitability  Following rapid growth last year, which saw grocery ecommerce sales almost double in the US to just under $70bn, in 2021 retailers are laser-focused on improving channel ...
30 March 2021
Albertsons, the third-largest US grocery retailer, is partnering with Google to bring innovative technology to the omnichannel customer experience. Developing “the world’s most predictive grocery engine” Building on their existing relationship, the companies have launched several new enhancements which are designed to make the shopping experience easier and more exciting. These include inte...
23 March 2021
Albertsons’ president and CEO, Vivek Sankaran, recently spoke at Citi’s Retail Madness Virtual Conference. We look at how the third largest US grocery retailer is adapting in 2021 after a year of significant change and the rise of a more digitally engaged consumer base. 1. Economic resilience has shifted earlier expectations of a tough trading environment The pandemic accelerated business t...
16 March 2021
We look at how US food and drugstore retailers are playing a pivotal role in the distribution of COVID-19 vaccines across the country as part of the Federal Retail Pharmacy Program (FRPP). Vaccine distribution exceeds over 71m people With over 71m people having received at least one vaccine dose, representing over 20% of the population, the US has made significant progress with its distribu...