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.
Albertsons Companies delivered solid fourth quarter and fiscal year results, while seeing increased demand in March and April as the coronavirus pandemic spread.
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 is partnering with major companies to provide part-time jobs to their employees who have been furloughed or had their hours cut.
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 continued its sales and earnings growth momentum in the third quarter.
Albertsons gained momentum in its second quarter, with solid gains in net income and identical store sales.
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 drove sales momentum into the first quarter, as the supermarket retailer continued to expand its e-commerce and digital operations.
Albertsons is starting an initiative to make its online grocery shopping websites and mobile applications more accessible and usable for shoppers with disabilities.
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.