Citing broad financial improvement, Albertsons posted a net loss of $32.4 million in the second quarter ended September 8 versus a net loss of $355.2 million in the fiscal 2017 period.
Albertsons Companies has appointed Jim Donald, currently the company’s president and chief operating officer, to president and chief executive officer, effective immediately.
Albertsons and Rite Aid have mutually agreed to terminate their previously announced merger plan.
Albertsons and venture capital firm Greycroft have created an investment fund, of up to $50 million over time, that will invest in and aim to help grow emerging companies and technologies in the grocery channel.
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
Albertsons has opened a new flagship store near its headquarters in Boise, ID, which presents shoppers with a diversity of food choices.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
Dain Rusk will be joining Publix as vp/pharmacy, effective June 1, 2018.
It was an active fourth quarter and fiscal year for Rite Aid, with the retailer selling some of its stores to Walgreens and forming a pending merger deal with Albertsons.
Rite Aid said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its previously announced merger with Albertsons, expired on March 28.
Albertsons has initiated a general registration for the company’s soon-to-be-launched digital marketplace, which will allow participating vendors to direct ship Albertsons customers.
Albertsons Companies has appointed Jim Donald president and chief operating officer of the company, effective immediately.
Privately held Albertsons Companies will acquire publicly traded Rite Aid Corporation in what the companies termed a definitive merger agreement.
Albertsons has named Susan Morris as the company’s new executive VP and chief operations officer. She will oversee the company’s supply chain, manufacturing and operations functions.
Albertsons Companies has tapped Instacart to develop its same day grocery delivery service.
Albertsons Companies has invested in El Rancho Supermercado, a Texas-based retailer which focuses on stores for Latino customers.
As part of its charitable efforts, Albertsons Companies said that in the span of 21 days, its customers and employees helped raise more than $8 million in disaster relief donations for the victims of Hurricanes Harvey and Irma through a point-of-sale campaign at its 2,300-plus stores.
Albertsons is about to enter the meal kit delivery business with the acquisition of Plated, which will operate as a wholly-owned subsidiary of the grocery retailer. The deal is expected to close by the end of September.
Albertsons Companies has appointed Kevin Turner vice chairman of the board of managers of AB Acquisition LLC, the company’s direct parent, and senior advisor to the chairman and CEO, Bob Miller.