Tuesday, April 23, 2024
Read the Magazine Subscribe

Albertsons

Newsretailers

Kroger to Acquire Albertsons in $24.6 Billion Merger of Grocery Giants

by Katie Lee

Cincinnati and Boise, Idaho — Kroger Co. and Albertsons Cos. Inc. have agreed to a merger under which Kroger will acquire all outstanding shares of Albertsons’ common and preferred stock for an estimated total consideration of $34.10 per share, or a total enterprise value of approximately $24.6 billion. The deal includes the assumption of $4.7 billion of Albertsons’ net debt. Both companies’ boards of directors unanimously approved the agreement. The exact motivation for the merger was not stated in the press release, but The Wall Street Journal notes that by …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailerssoftware/technologyvendors

Veeve and Albertsons Partner to Expand AI-Powered Shopping Carts

by Katie Lee

Seattle — Veeve Inc., a leading retail technology startup, has formed an agreement with Albertsons Companies that will make Veeve Smart Carts available to customers at a few dozen stores across the country. Once launched later this year, consumers will be able to use the smart carts to skip the checkout line with a fast, convenient and contactless way to shop. Veeve Smart Carts feature a touch screen that provides a running total for in-cart items and a built-in scale for easy produce purchase. The tech-enhanced carts will also integrate …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailersvendors

Albertsons and Uber Expand Partnership to Over 2,000 Stores Nationwide

by Katie Lee

San Francisco — Uber Technologies, Inc. and Albertsons Companies, Inc. have expanded their partnership to include more than 2,000 of the grocer’s banner stores nationwide, including Albertsons, Safeway, Jewel-Osco, ACME, Tom Thumb, Randalls and more through Uber Eats. This expansion brings nearly 800 new locations to Uber Eats including to consumers in Connecticut, Indiana, New Hampshire, Utah, Vermont and Rhode Island for the very first time. To enable this growth, Albertsons Cos. stores are more accessible within the Uber Eats app than ever before. Now, in addition to stores being …

Continue Reading
0 FacebookTwitterPinterestEmail
Newspeopleretailers

The Save Mart Companies Names Executive Chairman

by Katie Lee

Modesto, Calif. — The Save Mart Companies and Kingswood Capital Management, LP have named Shane Sampson as executive chairman of the California-based, regional grocery retailer. Sampson is a fourth-generation grocer who brings nearly four decades of experience to The Save Mart Companies in building brands, implementing innovative marketing and merchandising programs, and leading strategic operations. Most recently, he served as Albertsons Companies’ chief marketing and merchandising officer. He was instrumental in driving Albertsons’ merchandising strategy during a period of monumental growth during which he oversaw significant development and innovation of …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailersvendors

Takeoff Technologies Teams with Jewel-Osco for First Micro Fulfillment Center

by Katie Lee

Waltham, Mass. — On December 7, 2021, Jewel-Osco unveiled the company’s first micro fulfillment center (MFC) at the Westmont store in Chicago. The 20,000-square-foot MFC facility allows for a seamless shopping experience for customers by pairing a brick-and-mortar store with home delivery through artificial intelligence. The micro fulfillment center is an automated rack and tote system that prepares orders for delivery through a partnership with Waltham, Mass.-based grocery technology company Takeoff Technologies. More than 6,000 totes of product are shuttled from their allotted space inside Takeoff and elevators move the …

Continue Reading
0 FacebookTwitterPinterestEmail