Albertsons has launched an initial public offering of 65,800,000 shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $18 and $20 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission.
Full-line supermarkets are maintaining relatively strong store traffic during the COVID-19 pandemic, with more specialized operations tending to suffer, according to analytics platform Placer.ai.
Nordstrom has appointed two new members to its board of directors: Jim Donald, co-chairman of Albertsons board of directors and Mark Tritton, president and CEO of Bed Bath & Beyond.
Albertsons Companies has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of Series A mandatory convertible preferred stock.
Albertsons has promoted Own Brands president Geoff White to evp/chief merchandising officer.
Albertsons recently named Gineal Davidson president of the company’s Portland division, which operates over 140 stores in Oregon and Washington.
Albertsons has named Mike Theilmann evp/chief human resources officer, effective August 19.
Albertsons has appointed Jonathan Gardner to the role of gvp/strategic sourcing. Additionally, the company has promoted David Nelsen to gvp/manufacturing.
Albertsons is starting an initiative to make its online grocery shopping websites and mobile applications more accessible and usable for shoppers with disabilities.
Albertsons is using cloud solutions from Microsoft Corp., including Microsoft Azure and Microsoft 365, to provide customers and employees new experiences.
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.