News and information on merchandising trends and retail pharmacies at Albertsons
Albertsons’ same-store sales were up 12.3%, digital sales exceeded 200% year-over-year growth and revenue was $15.4 billion for the quarter.
Albertsons launched an automated, contactless grocery pickup kiosk at a Jewel-Osco store in Chicago.
For its second quarter of fiscal 2020, Albertsons reported digital sales growth of 243%, identical-sales growth of 13.8% and revenue growth of 11.2% to $15.8 billion.
The retailer is debuting pick-up lockers at certain Jewel-Osco stores in Chicago and select Safeway stores in the Bay Area.
Albertsons’ Acme Markets division has won the bid for 27 Kings Food Market and Balducci’s Food Lover’s Market locations.
Omer Gajial, a former executive at Amazon and PepsiCo, has been named Albertsons' senior vice president of pharmacy and health.
Albertsons partnered with genomics firm Phosphorus to begin offering at-home COVID-19 test kits in select markets, with plans to expand the offering throughout September and October.
Albertsons’ children-focused immunization push is aimed at filling a gap in child wellness services created by the COVID-19 pandemic.
Mark Panzer, most recently Albertsons' senior vice president of pharmacy, health and wellness, is departing the company to pursue other interests, a company spokesperson said.
Albertsons reported first quarter fiscal 2020 sales of $22.8 billion, up 21% from $18.7 billion during the prior-year period.
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.
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.