Welcome to our dedicated page for Albertsons Companies news (Ticker: ACI), a resource for investors and traders seeking the latest updates and insights on Albertsons Companies stock.
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
Seven companies have been selected for The Clean Fight's accelerator program, focusing on scaling decarbonization solutions for New York State's food services industry.
Albertsons Companies is actively participating, emphasizing improved energy and refrigerant use as part of their 'Recipe for Change' initiative. This participation aligns with their goal of reducing emissions and contributing positively to the communities they serve.
The program aims to leverage innovative technologies to make significant environmental impacts, showcasing a collaborative effort between industry leaders and sustainable solutions providers.
Albertsons Companies and Uber Technologies have announced a new food rescue initiative aimed at reducing food waste and fighting food insecurity. This initiative is part of the White House Challenge to End Hunger and Build Healthy Communities for 2024. Initially piloted in Washington, D.C., the program has expanded to Boston, Chicago, and Denver.
The initiative uses Uber Direct, Uber's delivery service, to transport surplus food from Albertsons Cos. stores to local non-profits and food banks. The program has already made over 100 food donation deliveries in the D.C. area, benefiting local organizations like The Father McKenna Center, House of Mercy, and Tutoring Café.
Albertsons Cos. stores involved in the expansion include Star Market in Boston, Jewel-Osco in Chicago, and Safeway in Denver. Uber's Head of Global Social Impact, Julia Paige, emphasized the importance of providing access to nutritious foods and improving lives in local communities.
Albertsons Companies' Denver Division is committed to supporting veterans through annual fundraisers benefiting non-profits like the Vail Veterans Program (VVP). The VVP provides outdoor healing and rehabilitation activities for severely wounded veterans, their families, and hospital medical staff in Vail, Colorado. Since 2015, Albertsons has donated over $250,000 to VVP, significantly aiding in the emotional and physical recovery of wounded service members and their families. Participants engage in activities such as skiing and white water rafting, contributing to their overall well-being and family reconnection.
Albertsons Companies' Jewel-Osco division celebrated Asian American and Pacific Islander (AAPI) Heritage Month with an event called 'A Taste of AAPI'. The celebration featured partnerships with brands such as Kikkoman USA, Spam Brand, Truong Enterprises, Riceland Foods, and Fly by Jing. Local businesses and performers from Chicago's Chinatown, including the Chinatown Chamber, Chicago Chinese Culture, CAMO Chicago, Hawaiian Barefoot Dancers, Thai Dancers, and Lion Dancers, participated in the event. The festivities included music, song, dance, and food, offering an immersive cultural experience for shoppers.
On May 21, 2024, the Portland Division team of Albertsons Companies participated in a community event organized by Sleep in Heavenly Peace in Bend, OR. The team contributed by making beds for children in need and prepared 65 foot-long sandwiches to feed over 100 volunteers. This event is part of Albertsons Companies' ongoing commitment to community service and their Recipe for Change program.
For more details, see the original post on Instagram and visit Albertsons' website.
Albertsons Companies' Seattle Division is implementing cleaner and more efficient operations at its Distribution Center in Auburn, WA, with the help of electric switch engines funded by the US EPA and the Washington State Department of Ecology. The initiative aims to reduce emissions, noise levels, and support community health.
Albertsons Companies has won the 'People's Voice' Webby Award for the best shopping and retail app. The retailer's mobile app was recognized for its seamless omnichannel shopping experience. The app has been updated to offer a fast and easy digital shopping experience, resulting in a 4.8 rating in the app store and over 10 million active visitors per month. Albertsons Cos. has introduced various digital features like Shoppable Meal Plans and Recipes Tool, Flash 30-Minute Grocery Pickup and Delivery, and Simplified for U Loyalty Program to enhance the customer shopping experience. The company will be honored at the 28th Annual Webby Awards commemoration in New York City on May 13.
FAQ
What is the current stock price of Albertsons Companies (ACI)?
What is the market cap of Albertsons Companies (ACI)?
What is Albertsons Companies?
What banners does Albertsons operate under?
How has Albertsons performed financially?
What community initiatives is Albertsons involved in?
What is Albertsons' digital strategy?
What sustainability efforts is Albertsons involved in?
What recent achievements has Albertsons made?
What are Albertsons' plans for fiscal 2024?
What partnerships has Albertsons recently formed?
How does Albertsons support veterans?
