Vivek Sankaran has been president and CEO of Albertsons Cos. since April 25, 2019, when he succeeded Jim Donald, who became co-chairman. Sankaran joined the Boise, Idaho-based supermarket retailer from PepsiCo Foods North America, where he had served as CEO since December 2019, part of a 10-year career at PepsiCo. [...]
Albertsons has launched plans to become a public company through the sale of 65.8 million shares on the New York Stock Exchange, the grocery chain announced Thursday afternoon. The company, which plans to trade under the ticker symbol “ACI,” did not give a date for when the stock offering will [...]
Amazon warehouse workers in New York walked off the job to demand protection against Covid-19. A county judge in Illinois pressed two McDonald’s franchises to work out an agreement with their employees about the supply of masks and hand sanitizer. And grocery store workers at Publix and Trader Joe's in [...]
You’re a worker at a Tyson Foods poultry plant and still punching in even though the coronavirus continues to run rampant through meat-processing plants across the country. You’re proud that your job helps keep supermarkets stocked. Your family supports Donald Trump. But the president’s executive order to keep meat plants [...]
To get a gallon of milk to Southeastern Alaska, grocer Max Rule first has to know he’s going to need it about two weeks ahead of time. When his creamy clairvoyance decides he does, he places an order with a wholesale company, which ensures the milk is plucked off a shelf, [...]
While Amazon may glorify its workers with sentimental commercials, thanking them for their heroic bravery, it has also rolled back some policies designed to keep those very workers safe during this pandemic. And on June 1, it’s getting rid of hazard pay too, even though its facilities continue to see [...]
Many people who still have jobs are working from home during this pandemic. But not the cashiers who ring up groceries, nor the gig worker couriers who deliver them if customers order online instead. Not hospital and nursing home staff. Not janitors and security guards. Not farm and factory workers. [...]
Albertsons has sold 17.5% of its stock to private equity firm Apollo Global Management for $1.75 billion, bringing the grocer a cash infusion as it prepares to go public, according to a press release. The transaction is expected to close June 15. Kimco Realty, owners of grocery-anchored shopping centers across [...]
New data released by the United Food and Commercial Workers Union shows that among the grocery store workers it represents, 10,000 have been infected by or are known to have been exposed to coronavirus and 68 have died from it. At least 3,257 have been infected with the virus, the [...]
By the end of April, employees at a Walmart in Quincy, Mass., were panicking: Sick colleagues kept showing up at work. Other employees disappeared without explanation. The store’s longtime greeter was in the hospital and on a ventilator, dying of covid-19. Local health officials grew alarmed as employees and their [...]