Albertsons Companies news

08 September 2015
As Google Express gets set to start testing a fresh foods and groceries delivery service in the US, we look at some of the key initiatives shaping this important growth channel. Adding fresh to help drive sales and profitability In an interview with Bloomberg , Google Express’ General Manager, Brian Elliott, spoke about plans to offer customers a broader basket of goods than is currently ...
27 August 2015
We take a look at how Albertsons is driving an improved performance at the retailers it has acquired over the last two years. First quarter sales up 2.2% Having announced plans last month for an initial public offering (IPO) of its shares, an updated filing with the SEC reveals an improving performance at the business it has acquired over the last two years. In the first quarter of this...
08 July 2015
As Albertsons, the second largest supermarket operator in the US, plans for an initial public offering (IPO) of its shares, we review how it’s improving the performance of its acquired businesses. Major operator in the US grocery sector Albertsons emerged as major grocery retailer in the US following the acquisition of almost 900 stores from Supervalu in 2013 and the Safeway US business ear...
26 January 2015
With Bi-Lo Holdings announcing the appointment of Ian McLeod as its new President & CEO, we take a look at what this could mean for the retailer’s future development. Engineered and led significant retail turnaround Ian McLeod joins Bi-Lo from Coles in Australia, the country’s second largest grocery chain. He handed over the reins at the retail chain last year, stepping down from his r...
19 December 2014
With Albertsons and Safeway announcing that they have entered into agreements to sell 168 stores to secure clearance for their proposed merger, northwest based Haggen has emerged as one of the key beneficiaries, acquiring 146 of the stores. Local operator makes leap to regional grocer Until this announcement, Haggen would have been relatively unknown within the US grocery industry beyond i...
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...