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Albertsons Companies, Inc. (NYSE: ACI) is one of the leading food and drug retailers in the United States. Established in 1939 by Joe Albertson in Boise, Idaho, the company has grown to operate over 2,300 stores across 34 states and the District of Columbia under various well-known banners, including Albertsons, Safeway, Vons, and Jewel-Osco, among others.
Albertsons Companies is dedicated to making a meaningful difference in the communities it serves. In 2023, the company, along with the Albertsons Companies Foundation, contributed more than $350 million in food and financial support. A significant portion of this goes to their Nourishing Neighbors Program, which helps ensure that those impacted by disasters have enough to eat.
Financially, Albertsons has shown steady growth. In fiscal 2023, the company reported net sales and other revenue of $79.2 billion, a 2.0% increase from the previous year. Notably, their digital sales grew by 22%, reflecting the company's successful omnichannel strategy. The company’s commitment to enhancing its digital and in-store customer experience, as well as its supply chain operations, is evident in its
Albertsons Companies (NYSE: ACI) has announced the ratification of a memorandum of understanding with nine local unions to establish a Variable Annuity Pension Plan (VAPP) effective July 1, 2020, protecting employees' benefits. The company will pay a withdrawal liability of approximately $286 million to the National Fund by June 30, 2023, in three installments, with an initial pre-funding of $8 million.
This agreement aims to lower future financial risks and secure benefits for associates, fixing projected pension costs through June 30, 2028.
Albertsons Companies (NYSE: ACI) will host an interactive webcast on December 7, 2020, at 11 am ET to discuss its Own Brands portfolio as a key growth driver. Chief Merchandising Officer Geoff White and SVP of Own Brands Chad Coester will present, followed by a Q&A session. This is part of the Albertsons Insights series aimed at highlighting the company's capabilities and initiatives. Replays will be available for two weeks post-event. For more information, visit albertsonscompanies.com/investors.
Albertsons Companies (NYSE: ACI) has announced that its President and CEO, Vivek Sankaran, will participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 3, 2020, at 2:00 p.m. ET. The presentation will be available for live streaming on the Company’s website and will have a replay for two weeks post-event. Albertsons operates stores across 34 states under various banners and has committed $53 million for community hunger relief in 2020 and $5 million for social justice efforts, contributing to a total of $225 million in food and financial support in 2019.
Albertsons Companies has enhanced health screenings for its associates and vendors by implementing contactless temperature checks and digital health questionnaires across all locations.
Partnering with Turing Video Inc., this new technology allows for safer health screenings, ensuring compliance with CDC recommendations. Successful screenings yield a 'CLEAR' sticker for associates, while the system promotes a healthier workplace environment. This initiative underscores Albertsons' commitment to safety amidst the ongoing COVID-19 pandemic.
Albertsons Companies has launched its new line of Open Nature Savory Skillet Meals, designed for quick preparation and high-quality dining. These flash-frozen meals, ready in as little as 10 minutes, feature natural ingredients free from artificial additives. The innovative nitro flash-freezing technology preserves flavor and freshness, with a variety of restaurant-inspired options available, including prime rib roast and chicken tikka masala. The meals are part of the company's Own Brands portfolio and can be ordered online or found in-store.
Albertsons Companies is enhancing its online grocery shopping experience by accepting SNAP EBT payments at nearly 200 Drive Up & Go locations nationwide. This initiative aims to provide contactless shopping options for more customers. Users can create an account, fill their cart, and select SNAP EBT at checkout. The company plans to expand the Drive Up & Go locations to 1,400 by the end of the fiscal year, reflecting a strategic push in digital and eCommerce offerings.
Albertsons Companies announced its readiness to administer COVID-19 vaccines across its 1,700+ pharmacy locations in partnership with the U.S. government. Once authorized, these pharmacies will receive a direct allocation of the vaccine to enhance access for Americans. The vaccines will be provided at no cost. Trained pharmacists will assist in streamlining the vaccination process, including contactless consent via pharmacy apps, ensuring efficient distribution in collaboration with the CDC and state authorities. Albertsons operates under 20 familiar banners in 34 states.
Albertsons Companies (NYSE: ACI) and Trex Company (NYSE: TREX) have expanded their longstanding recycling partnership, successfully transforming over 200 million pounds of plastic film into sustainable building materials. This initiative includes the recycling of more than 54,000 pounds of bulk medication bottles collected by Albertsons pharmacies, contributing to Trex's production of environmentally friendly composite decking. The program enhances the circular economy, with Trex using about 400 million pounds of recycled plastic annually, supporting sustainability efforts across various retail locations.
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