Albertsons to Launch Digital Advertisement Displays in Select Stores  

Albertsons has partnered with digital display company STRATACACHE, Inc. to unveil digital advertisements in stores. The screens will be used to promote products and streamline engagement between brand partners and customers, while encouraging shoppers to add additional items to their cart as they shop.  

“At Albertsons Cos., we’ve identified a significant opportunity to enhance our in-store customers' shopping experience by delivering relevant and impactful messaging at the point of purchase,” said Jennifer Saenz, Chief Commercial Officer at Albertsons Cos. “Our partnership with STRATACACHE enables brand partners to...

Kroger Responds to Albertsons’ Lawsuit, Files Counterclaims

Kroger has announced that it has filed its formal answer and counterclaims in response to Albertsons' lawsuit, which was brought before the Delaware Court of Chancery following the termination of the proposed merger.

On December 11, 2024, Albertsons called off its bid to merge with Kroger after a two-year effort, subsequently filing a suit alleging breach of contract in connection with the collapse of the deal. 

Today, Kroger issued a statement revealing that it had filed its answer and counterclaims. The company asserts that while it was diligently working to secure regulatory...

Albertsons Appoints Susan Morris as CEO Successor, Reaffirms Fiscal 2024 Outlook

Albertsons Companies has announced a succession plan following the planned retirement of its CEO, Vivek Sankaran, effective May 1. The company has appointed Susan Morris to succeed Sankaran and join the Board of Directors.

Morris, a 40-year veteran of the company, brings extensive expertise and deep knowledge of the business. She has served as the company’s Executive Vice President and Chief Operating Officer since January 2018.

“I have worked closely with Vivek and the leadership team on our plans to accelerate growth and...

Albertsons Companies, Inc. Reports Second Quarter Fiscal 2024 Results

Albertsons Companies, Inc. (the "Company") today reported results for the second quarter of fiscal 2024, which ended September 7, 2024.

Second Quarter of Fiscal 2024 Highlights

• Identical sales increased 2.5%
• Digital sales increased 24%
• Loyalty members increased 15% to 43.0 million
• Net income of $146 million, or $0.25 per share
• Adjusted net income of $301 million, or $0.51 per share
• Adjusted EBITDA of $901 million

"In the second quarter of fiscal 2024, investments in our Customers...

Kroger Files Motion to Enjoin the FTC's Administrative Merger Challenge

The Kroger Co. today filed a motion for preliminary injunction in the U.S. District Court, Southern District of Ohio, against the Federal Trade Commission's (FTC) administrative proceeding challenging the company's merger with Albertson's Companies, Inc. The company argues that by proceeding in its administrative tribunal, in addition to the separate action in federal court, the FTC is violating Constitutional protections.

The motion details how the FTC's administrative proceeding against the merger clearly violates the Constitution in two areas:

• First, the FTC violates Article II of the Constitution because...