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Albertsons

Albertsons

Albertsons' special dividend gets held up again

 By Russell Redman on Nov. 18, 2022

The $4 billion payment related to the merger with Kroger will remain suspended at least until next month.

Albertsons

Washington court keeps Albertsons’ $4B payout on ice

 By Heather Lalley on Nov. 10, 2022

The special dividend payout, which has been subject to legal wrangling while the grocer’s $24.6 billion merger plans with Kroger are reviewed, will be on hold at least until Nov. 17 when the next hearing will be held.

Albertsons

Albertsons’ $4B dividend payout temporarily blocked by court

By Heather Lalley on Nov. 03, 2022

The grocer must put the brakes on its special dividend payout to shareholders while its $24.6 billion merger plans with Kroger are under review, a judge in Washington ruled late Thursday.

Albertsons

Washington sues Albertsons to block its $4B shareholder payout

By Heather Lalley on Nov. 02, 2022

The state’s attorney general said giving out the special dividend would “weaken Albertsons’ ability to continue business operations and compete” amid a proposed $24.6 billion merger with Kroger. Albertsons called the suit "meritless."

Albertsons

AGs in several states sue Albertsons to block its $4B shareholder payout

By Heather Lalley on Nov. 02, 2022

One day after Washington’s attorney general sued the grocer, more states have joined in taking legal action against the retailer, saying the payout would leave it unable to compete with Kroger. The two grocers announced merger plans last month.

Albertsons

Albertsons’ Q2 digital sales climb while margins keep tumbling

By Heather Lalley on Oct. 18, 2022

The grocer, which is in the process of being acquired by Kroger for $24.6 billion, reported early Tuesday that its same-store sales rose 7.4% and digital sales were up 36% during the period ended Sept. 10.

Albertsons

Albertsons Predicts a Strong Rest of 2022

By Heather Lalley on Jul. 26, 2022

The Boise-based retailer raised its earnings forecast Tuesday, despite reporting falling margins during the first quarter.

Albertsons

Instacart Expands EBT SNAP Program to Most of the Country

By Diane Adam on Jul. 25, 2022

Albertsons Cos. and Sprouts join the program for low-income shoppers, expanding the offering to 49 states and Washington, D.C.

Albertsons

How Albertsons Is Helping Advertisers ‘Reach the Right Audience’

By WGB Staff on Jun. 23, 2022

The Boise, Idaho-based grocer’s retail media arm has partnered with The Trade Desk to enable audience and measurement solutions across the open internet.

Albertsons

Albertsons Partners With PowerReviews to Provide Product Reviews, Ratings

By Jeniece Drake on Jun. 01, 2022

A majority (83%) of grocery shoppers are more likely to purchase a new grocery item online if customer reviews exist for that product.

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