News Break:
"A reinvigorated Albertsons
defies expectations"
As the year comes to an end, we get a peak behind the scenes at Albertstons thanks to an extensive article on SupermarketNews.com. CEO Bob Miller is interviewed and gives readers insight into the company's future plans. Well worth the read!
A few highlights from the article:
Despite widespread speculation to the contrary, Bob Miller, the chain’s chief executive officer, told SN Albertsons has no plans to divest any of its banners and may, in fact, decide eventually to
go public.
Despite widespread speculation to the contrary, Bob Miller, the chain’s chief executive officer, told SN Albertsons has no plans to divest any of its banners and may, in fact, decide eventually to
go public.
“We bought several iconic banners, some of which are close to 100 years old,” Miller said, “and our intention is to run really good stores and make them better. We have no plans to sell any of the brands.
All eight of Albertsons’ divisions are profitable, with improving identical-store sales, Miller said, “and we continue to look for ways to be priced better.”
In other news...
Jewel-Osco held grand-reopenings at a whopping 18 stores this week! In addition to those, the four Domick's stores it acquired are currently being remodeled and will officially change to the Jewel banner in mid-January. You can read more of the details at SuperMarketNews.com by clicking here.
4 Star Markets held grand reopenings on November 1. It's unclear if these remodels were planned under SuperValu's leadership or after the new owners to the reigns. Apparently the remodels were rather extensive but I can't find any pictures online for a look at the decor. I would love to see more stores get the Chestnut Hill Star Market treatment. Pictures of that stunning interior have been posted on the blog previously. You can jump to them by clicking here. Hoping to see some grand reopenings happening at Acme in 2014!
All eight of Albertsons’ divisions are profitable, with improving identical-store sales, Miller said, “and we continue to look for ways to be priced better.”
In other news...
Jewel-Osco held grand-reopenings at a whopping 18 stores this week! In addition to those, the four Domick's stores it acquired are currently being remodeled and will officially change to the Jewel banner in mid-January. You can read more of the details at SuperMarketNews.com by clicking here.
4 Star Markets held grand reopenings on November 1. It's unclear if these remodels were planned under SuperValu's leadership or after the new owners to the reigns. Apparently the remodels were rather extensive but I can't find any pictures online for a look at the decor. I would love to see more stores get the Chestnut Hill Star Market treatment. Pictures of that stunning interior have been posted on the blog previously. You can jump to them by clicking here. Hoping to see some grand reopenings happening at Acme in 2014!
Reminder: Grand Finale Week is next week!
Get ready grocery store fans…
new posts will be going up on Tuesday, Thursday and Friday.
Classic Acmes. Bonus Stores. Acme Style's got it all!
Hey Bob, keep the company private. Don't be at the beck and call of Wall Street.
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