Albertsons has named Vivek Sankaran its new president/CEO. He joins the company from PepsiCo Food North America, where he served as CEO.
Albertsons is using cloud solutions from Microsoft Corp., including Microsoft Azure and Microsoft 365, to provide customers and employees new experiences.
Albertsons Companies gained traction in its third quarter, as the supermarket retailer posted both store and online sales growth.
Albertsons is partnering with Takeoff Technologies to pilot an artificial intelligence-enabled micro-fulfillment center, to become the first national grocer to implement automated e-commerce fulfillment.
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.