Albertsons

Albertsons Sees Fiscal-Year Profit Above Estimates On Pandemic Boost

Albertsons Cos Inc has forecast fiscal 2020 profit above expectations after beating estimates for quarterly results as the grocer benefited from a general...

Albertsons' Same-Store Sales Surge On Grocery Delivery Demand

US grocer Albertsons Cos Inc has reported a 26.5% rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home del...

US Grocer Albertsons Expects IPO To Raise Up To $1.3bn

US grocery retailer Albertsons Cos Inc has said that its initial public offering would target to raise up to $1.32 billion. The company said c...

Drug Retailer Rite Aid's Revenue Misses Estimates

Drug retailer Rite Aid, which is being bought by US grocer Albertsons Cos. Inc., posted smaller-than-expected fourth-quarter revenue, hurt by a decline in...

A Rite Aid Deal Was The Last Best Hope for Albertsons: Gadfly

We will soon have a pharmacy/insurer combination. We may yet get a pharmacy/drug-wholesaler merger. And now we're getting a new union of pha...

Albertsons To Buy Rite Aid In Cash-And-Stock Deal

US grocer Albertsons plans to buy drugstore owner Rite Aid in a deal that would accelerate the remaking of the US retail and health-care industries. Boi...

Instacart Signs Up Grocery Giant as Amazon Fuels Delivery Fears

Amazon’s expansion into the grocery industry may be pushing more supermarket chains into the arms of Instacart, a delivery service that helps retaile...

Albertsons Takes Cue From Amazon With Meal-Kit Delivery Deal

Amazon.com Inc.’s $13.7 billion acquisition of Whole Foods Market Inc. continues to reverberate through the food industry. Albertsons Cos. acquire...

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Albertsons Faces $1 Billion Suit by Haggen Over Store Sales