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Albertsons

News and information on merchandising trends and retail pharmacies at Albertsons

Albertsons launches IPO

With plans to sell 65.8 million shares of its common stock on the New York Stock Exchange under the ticker symbol ABI, Albertsons could bring in between $1.2 billion and $1.3 billion with its initial public offering.

Albertsons sells 17.5% stake to Apollo

Apollo Global Management, the private-equity owner of The Fresh Market, along with a group of investors, has acquired a 17.5% stake in Albertsons.

Albertsons will roll out the Intelligent Engagement Platform from Nuance as demand for online grocery shopping grows during the COVID-19 pandemic.

Albertsons’ identical-store sales surged 47% during March before decelerating to a still-impressive 21% growth rate in April.

As the COVID-19 pandemic continues, the industry is taking steps to keep stores safe for consumers and associates while still serving as a resource. 

Bartell's storefront.

Bartell's is taking additional safety measures to protect employees and customers during the COVID-19 pandemic.

The retailer said it has not determined the number of shares of common stock it will offer, nor did it offer a price range.

Albertsons has forged a partnership with 17 companies to provide part-time jobs to partners' employees who have been furloughed or had their employment hours cut back. 

Wakefern Food named a new chief merchandising officer and made an appointment to the position of chief customer officer.

The Wall Street Journal, citing sources close to the discussions, reported that Albertsons is set to decide in the coming weeks on whether to proceed with an initial public offering that might value the company at roughly $19 billion.

Albertsons’ third quarter saw the Boise, Idaho-based retailer posting identical sales gains, as well as continued growth in its omnichannel offerings and penetration of its Own Brands’ offerings.

The Boise, Idaho-based company is bringing prescription delivery in as little as one to two hours to banner pharmacies in Louisiana, Texas and the District of Columbia.

Albertsons is expanding on a pilot of “micro-fulfillment” centers supported by a hyperlocal fulfillment solution from Takeoff Technologies.

C4’s products are hitting Albertsons’ Safeway, Jewel Osco and Shaw’s grocery chain banners.

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