Albertsons Companies Inc Company Profile - Albertsons Companies Inc Overview (2024)

FAQs

What does Albertsons Companies Inc do? ›

Albertsons Companies is one of the largest food and drug retailers in the United States, with over 2,200 stores in 34 states and the District of Columbia.

Our purpose is to bring people together around the joys of food and to inspire well-being -- and that starts with you! Our values guide how we deliver on our promise to know, nourish and care for our customers.

The company's strategic focus on operational excellence across its stores, digital and pharmacy operations, and its ongoing commitment to expanding its digital and omnichannel capabilities, coupled with productivity initiatives, contributed to a solid financial performance that exceeded the figures from a year ago.

Albertsons Companies Mission Statement

To create a shopping experience that pleases our customers; a workplace that creates opportunities and a great working environment for our associates; and a business that achieves financial success.

It wouldn't surprise me to find out that the Mormon Church owns some Alberson's stock, but nothing like a controlling interest. Safeway was founded by a fellow named Marion Skaggs, whose father was a Baptist minister. Albertson's was founded by Joe Albertson, who also was not a Mormon. Churches do not own companies.

Albertsons's competitors

Walmart is a retail company that operates a chain of hypermarkets, discount department stores, and grocery stores. Foodtown is a retail store that provides grocery Items. Town Essentials is an online grocery store.

America's supermarket grocers need to have the option to team and get bigger in order to better compete, drive down prices and protect good-paying, American union jobs. The proposed merger between Kroger and Albertsons — the owners of Fred Meyer and Safeway, respectively — will do just that."

Albertsons Market Street is not just the biggest Albertsons in the world, but also the largest grocery store in Idaho, spanning a massive 110,000 square feet! Opened in 2019, this store is truly unique.

24. CEO Vivek Sankaran attributed Albertson's growth to its “customers for life” strategy, which emphasizes deeper relationships with customers no matter where they shop. Albertsons' ultimate goal for the strategy is to support its shoppers every day and every week for their lives, according to Sankaran.

What did Albertsons used to be called? ›

Although the first Albertsons grocery store was opened by Joe Albertson in Boise, Idaho, in 1939, many of the banners now under the Albertsons umbrella have even longer histories — Acme in 1891, Jewel in 1899, Safeway in 1914 and United in 1916.

We act with integrity and comply with all laws, rules and regulations that apply to our business. We are expected to follow all policies and cooperate with compliance audits or internal investigations and make complete, accurate and truthful disclosures.

At Albertsons Companies, we are committed to running a business that makes meaningful social and environmental progress to better the lives of our associates, the communities we serve, and the planet we share.

We also continued to grow our digital business with a 24% sales increase during the fourth quarter of fiscal 2023. Gross margin rate increased to 28.0% during the fourth quarter of fiscal 2023 compared to 27.8% during the fourth quarter of fiscal 2022.

Albertsons LLC Strengths

Known for its largest & Fine food. Favorite neighborhood food and drug retailer in every market. Preferred Saving cards offered in stores that help in savings for customers. Always up to date on technology like customers can know their nutrition iQ.

Albertsons, meanwhile, owns Safeway, Vons and Pavilions. The $24.6 billion deal, announced on Friday, would be the second major merger between grocery chains in California in the last decade.

The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company's $24.6 billion acquisition of the Albertsons Companies, Inc.

Processes and prepares products. Receives, stores, displays, maintains, replenishes and merchandizes stock. Assists customers with their purchases and processes their orders.

Largest shareholders include Cerberus Capital Management, L.P., Vanguard Group Inc, BlackRock Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Goldman Sachs Group Inc, State Street Corp, Geode Capital Management, Llc, Jpmorgan Chase & Co, Millennium Management Llc, and Parsifal Capital Management, ...