Albertsons LLC

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USA: Albertsons: self-checkout catching on (COMMENT)

15 Sep 2003

Albertsons has announced a major investment in self-checkout technology, considerably increasing its number of equipped stores. Since its introduction in the 1980s, self-checkout has grown in popularity by reducing congestion at cash desks. Not everyone is convinced of the benefits though, with many retailers still holding back.

USA: Eagle Food Centers agrees sale of 19 stores

12 Sep 2003

Bankrupt US regional supermarket operator Eagle Food Centers has announced that its agreed the sale of 19 Illinois stores to seven grocery retailers. The sale, which was approved by a US bankruptcy court, follows the recent sale of four Eagle Food stores to Hy-Vee and J.B. Sullivan, reported the Associated Press.

USA: United Supermarkets: upscaling to survive the grocery shakeout (COMMENT)

8 Sep 2003

United Supermarkets is entering the competitive Dallas grocery market with its upscale concept Market Street. With supermarkets' share of grocery spending falling to 67% and fierce competition from giants like Wal-Mart, such innovation is necessary to ensure continued success.

USA: Albertsons posts lower Q2 earnings

4 Sep 2003

US grocery retailer Albertsons has posted a fall in quarterly profit, hit by competition from Wal-Mart and weak sales.

USA: Albertsons fined for overcharging in California

4 Sep 2003

A court has ordered US grocery chain Albertsons to may US$1.85m for overcharging for products in its California stores.

USA: Albertsons hires former Dell exec for procurement job

1 Aug 2003

US grocer Albertsons has announced the appointment of Sean McKinless as its new procurement chief.

USA: Albertsons president, COO resigns

25 Jul 2003

US grocer Albertsons has said Peter Lynch has resigned as president, chief operating officer and director to pursue other interests.

USA: Safeway.com expands to serve Seattle customers

17 Jul 2003

US online grocery retailer safeway.com has announced that it is expanding its Internet shopping service to include customers in the Seattle area.

USA: Kroger reveals SEC contact

5 Jun 2003

US grocery chain Kroger has said the Securities and Exchange Commission contacted the company earlier this year for information regarding how Kroger accounts for vendor allowances. "We've provided all the information they requested and there have been no changes to the filings," Gary Rhodes, a spokesman for Kroger, was quoted by the Financial Times as saying.

USA: Albertsons posts lower-than-expected Q1 profit

5 Jun 2003

US grocery retailer Albertsons has reported lower-than-expected quarterly profit as the company was hit by fierce competition and the weak economy. Albertsons said earnings for the first quarter to 1 May were US$172m, or 47 cents a share, compared to a net loss of $165m, or 40 cents a share, in the year-ago period.

USA: Three major grocery chains to label farmed salmon

2 May 2003

Three major US grocery chains are to use labels or signs to indicate to shoppers that colour additives are fed to farm-raised salmon to give the flesh a pink colour.

USA: Albertsons strengthens presence in Texas, Utah

26 Mar 2003

US grocer Albertsons has announced that it has strengthened its presence in Utah and Texas with the acquisition of two Food4Less stores in Salt Lake City and two Rainbow stores in El Paso from US grocery distributor Fleming. The company said the Salt Lake City transaction was completed on Friday, 21 March 2003, and the stores are operating under the Food4Less banner. The Rainbow stores in El Paso will be converted to Albertsons banners on Wednesday, 26 March.

USA: Fleming to sell five supermarkets to Albertsons

13 Feb 2003

US grocery distributor Fleming has said it has entered into a deal to sell five supermarkets to US grocer Albertsons for around US$12m.

USA: Albertsons appoints Jon C Madonna to its board of directors

13 Dec 2002

US retailer Albertsons has announced that Jon C. Madonna has been appointed to serve as a member of its board of directors, effective 1 January 2003.

USA: Albertsons says sales decline will lead to lower Q3 profits

31 Oct 2002

Albertsons announced today that a steeper than expected sales decline, which accelerated toward the end of the third quarter, would likely cause third quarter profits to be 5-10% below current guidance.  Albertsons is now expecting fiscal third-quarter earnings of 47 cents to 49 cents per share, compared with the current Thomson First Call estimate of 52 cents per share.

USA: Albertsons Q2 earnings up 13%

6 Sep 2002

Boise, Idaho-based supermarket giant Albertsons has posted earnings from continuing operations of US$220m, or US$0.54 per share, for its second quarter ended 1 August, up 13% year on year. Net earnings for Q2 reached US$253m, or US$0.62 per share, compared to a loss of US$151m, or US$0.37 loss per share, in the Q2 2001.

USA: Albertsons Names Jim Gentile president of the Northern California Division

15 Aug 2002

US retailing giant Albertsons has named Jim Gentile president of its Northern California operating division. Gentile was most recently senior VP, marketing and merchandising, at the Midwest Division of Albertsons. He originally joined the company as a produce clerk at Jewel in 1967, before holding positions of increasing responsibility in store management and becoming merchandiser in 1984. He was named director of marketing at the Midwest Division in 1988 and then VP, Chef's Kitchen and Bakery Merchandising in 1991.

USA: Albertsons reaffirms double digit EPS guidance for Q2 and fiscal 2002

13 Jun 2002

Retailing giant Albertsons has reaffirmed its positive double digit earnings outlook on continuing operations, before restructuring and other charges adjusted for goodwill amortisation, for both FY 2002 and the current Q2. Larry Johnston, chairman and CEO, explained that after a industry competitor made a significant announcement, "we felt it was important to reaffirm our optimistic earnings outlook to investors for this year.

USA: Albertsons ups total year 2002 guidance

6 Jun 2002

Boise, Idaho-based grocer Albertsons has raised its 2002 fiscal year EPS guidance from US$2.28 to US$2.31 per diluted share adjusted for goodwill. Albertsons reported that Q1 earnings met the high range of revised EPS guidance issued two weeks ago and also exceeded first call consensus. They totalled US$233m, a 19% increase over prior year, on sales of US$8.9bn. In the Q1 2001, earnings were US$198m on sales of US$9bn. Comparable store sales for the quarter on a continuing operations basis increased 1.4% while identical store sales on the same basis increased 0.8%.

USA: Albertson's expands online grocery service to Oregon

5 Mar 2002

US grocery chain Albertson's yesterday expanded its online grocery service into 31 stores in Oregon. "Albertson's is excited to expand this convenient new service to Oregon," said Mike Clawson, VP of Albertson's Northwest Division.

USA: Albertson's planning to open new stores

31 Jan 2002

Idaho-based supermarket chain Albertson's has revealed plans to open three new outlets in Bakersfield, hot on the heels of a trio of recent store closures. The new stores, to be situated on Coffee Road (northwest), Stockdale Highway (southwest) and Brundage Avenue (Southeast Redevelopment Project area), have been seen as a bid by the grocer to capitalise on Bakersfield's rapidly expanding grocery market. The Brundage Avenue store will see Albertson's join

USA: Albertson's, Inc. names Kathy J. Herbert to head human resources

8 Oct 2001

Albertson's, Inc. (NYSE: ABS) announced that Kathy J. Herbert, 48, has been named Executive Vice President - Human Resources, reporting directly to Larry Johnston, Chairman and Chief Executive Officer. In this role, Herbert will assume responsibility for the all the Company's human resource functions and serve as a member of Albertson's Executive Committee.

USA: Meridian USA Holdings, Inc. changes name to ChampionLyte Products, Inc.

4 Oct 2001

Meridian USA Holdings, Inc., developers and marketers of ChampionLyte®, the only sugar-free, calorie-free, carbohydrate-free sports drink on the market and Sweet `N Low® sugar-free syrups, has changed its name to ChampionLyte Products, Inc. "We believe the name change better reflects consumer recognition and the direction in which our company is moving," said Alan Posner, CEO of ChampionLyte Products. "As ChampionLyte®, the only "guilt free" sports drink on the market, continues to become a widely distributed and widely known branded name, the new corporate name better represents our Company's focus."

USA: Albertson's Second Quarter Earnings Exceed Targets Driven by Strong Sales Momentum

4 Sep 2001

Signaling a continued acceleration of its business turnaround, Albertson's, Inc. (NYSE:ABS) one of the world's largest food and drug retailers, today reported second quarter earnings that exceeded both company guidance and First Call consensus estimates. Sales in the quarter totaled almost $9.6 billion. Before restructuring and other charges diluted EPS were $0.45 and net earnings for the period totaled $184 million. Company guidance for EPS was at least $0.43 and First Call consensus was $0.44.

USA: Albertson's names industry veteran Felicia D. Thornton executive vice president and chief financial officer

7 Aug 2001

Albertson's, Inc. (NYSE: ABS), one of the nation's largest food and drug retailers, announced today that Felicia D. Thornton will join the Company as Executive Vice President and Chief Financial Officer. Ms. Thornton, 37, will report directly to Larry Johnston, Albertson's Chairman and Chief Executive Officer, and will serve as a member of the Company's Executive Committee. Her responsibilities will include oversight of all traditional financial functions, as well as strategic planning, investor relations and process improvement.

USA: Peter Lynch appointed to Albertson's, Inc. board of directors

19 Jul 2001

Albertson's, Inc., (NYSE: ABS) announced yesterday that Peter L. Lynch, 49, President & Chief Operating Officer has been appointed to the Company's Board of Directors effective immediately. Lynch's appointment increases the number of Board members from 12 to 13.

Winners and Losers: Analysing the Online Grocery Business

10 Apr 2001

The year 2000 saw the rise (and all too often fall) of many online grocers. Perry Caicco, a top-ranking food retail analyst for Canada’s National Bank Financial, has kindly contributed to just-food.com his excellent analysis of the lessons learned. We bring you the edited highlights.

UK: Tesco comes out top in Internet shopping poll

1 Feb 2001

A new survey has estimated the worldwide online grocery market at £3.5bn. According to market research specialist, Datamonitor , the sector is set to become the biggest business-to-consumer sector. The report shows that the penetration of online sales into the overall grocery market remains small. In Britain, Internet grocery shopping accounts for just 0.4% of the market for food. In the US the rate is 0.33%, and in Germany and Italy it is 0.1% and 0.02% respectively. But web food shopping is forecast to grow rapidly. The Netherlands has the most developed market, but France is expected to have the highest growth rate in the next few months as national outlets like

USA: Clementines capturing US sweet tooth, when grocers can get 'em

2 Jan 2001

Clementines have been such sweet sellers this year that some smaller US grocery store firms found themselves left out of this fruit's distribution loop from Spain. While many grocers say the small mandarin-type orange is becoming a new US staple, others say demand is slack. However, US imports have been rising sharply for what was once nothing more than a Christmas stocking-stuffer in isolated areas of the country, according to the US Department of Agriculture. There seems to be a bigger supply of clementines this year nationwide as well as across the Fort Worth/Dallas area.

USA: Report links superior eco-efficiency with financial performance of leading global food companies

13 Nov 2000

A comprehensive report in preparation by Innovest Strategic Value Advisors Inc., will present an argument in support of the linkages between superior environmental performance, competitiveness and superior financial performance in the agribusiness and food companies. As part of their investment advisory services, Innovest Strategic Value Advisors Inc. has analyzed over 60 different aspects of environmental management in leading global agriculture and food companies. Among the companies analyzed, their research shows that wide variations exist in environmental risk exposure and management capability to manage risk and capitalize on environmentally-driven business opportunities.This extensive review of global competitors in the food production industry as well as food retailers, will give strategic investors a comprehensive overview of how environmental issues will affect investment decisions relating to companies involved in agribusiness, food processing and food retailing. Results from the report will be discussed at a one-day forum entitled Moving the Markets: Profiting from the Growth of Food and Agri-Tech Companies, www.movingthemarkets.org, in Toronto on December 5th, 2000. Moving the Markets speakers will also focus on the impact of technology in creating both environmental risks and reward opportunities that will have significant effects on the long-term financial performance of agriculture and food companies.Major issues covered in Innovest's report are:

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