Albertsons Companies news

21 February 2018
We look at the factors behind the plans of leading US grocery retailer, Albertsons, to merge with Rite Aid, one of the country's largest drugstore chains. Annual sales in excess of $80bn Albertsons is one of the leading grocery retailers in the US, operating over 2,200 stores and almost 1,800 in-store pharmacies. By merging with Rite Aid, which operates over 2,500 pharmacies, following the ...
08 February 2018
Albertsons is to open a new food-inspired format, Market Street Idaho, later this year. Foodie-focused format to inspire shoppers The retailer will open two stores under this new format and banner in Boise, Idaho. The concept has been developed to create an elevated food experience, reflecting the area’s food heritage. Featuring locally sourced and unique products, the store will aim to sti...
02 February 2018
In the run-up to the Super Bowl, we review the promotional campaigns of grocery retailers across various channels in the US. The trading opportunity For many grocery retailers in the US, Sunday is the busiest trading day of the week during the regular season. Building on this, the Super Bowl is a major sales event, with most focusing on the snacking and party-food opportunity. This extends ac...
17 January 2018
We review the latest developments at Albertsons, including its third quarter results. Sales under pressure as traffic declines Albertsons’ net sales were broadly flat in Q3, falling 0.1% to $13.6bn, with comparable store sales down 1.8%. The retailer saw traffic decline 2.7% in the quarter as its promotional investments failed to resonate with its customers. The retailer mainly saw declines...
16 January 2018
Following the introduction of 200 new products, which contributed to a 15% increase in sales last year, Albertsons’ O Organics range has grown into a $1bn private brand. Expanded since the acquisition of Safeway This is a major milestone for the brand which stretches across most food categories at Albertsons. Following the acquisition of Safeway in 2015, which originally created it in 2005,...
29 November 2017
Albertsons has signed an agreement with Instacart to offer same-day deliveries in as little as one hour. Service available in 1,800 stores by mid-2018 Starting next year, customers will be able to choose delivery by Instacart from Albertsons’ range of banners across key markets. This will operate alongside its existing home delivery service, which Albertsons has been extending into several ...
20 November 2017
Albertsons has made a strategic investment in El Rancho Supermercado, a Texas-based retailer which operates stores focused on Latino customers. Growing Albertsons’ business in Texas El Rancho Supermercado operates 16 stores in Texas. Following this investment, which will see El Rancho continue to operate as an independent company, Albertsons will aim to optimise their combined expertise to ...
25 October 2017
We review Albertsons’ second quarter results, including its strong ecommerce performance. Sales flat as losses grow Second quarter sales decreased marginally by 0.2% to $13.8bn, with identical store sales, excluding fuel, down 1.8%. This was driven by a 4.0% decline in customer traffic, offset by an increase of 2.2% in average ticket size. Net losses for the period came in at $355.2m, compa...
05 October 2017
New figures released by IGD reveal that online grocery will be the fastest growing channel in the US over the next five years. Channel set to hit $34.7bn by 2022 The online grocery channel is forecast to increase from $15.1bn in 2017 to $34.7bn in 2022, an increase of $19.6bn, with a CAGR of 18.1%. The online channel is developing at pace in the US and although many leading retailers have o...
21 September 2017
National grocery chain Albertsons is buying start up company Plated, a meal kit subscription service. Plated to become a subsidiary of Albertsons The purchase will make Plated a wholly owned subsidiary of Albertsons, but it will continue to operate as a distinct brand and will retain its leadership team. The company, which launched in 2012, has been using data and technolog...