Albertsons CEO Vivek Sankaran: ‘Omnichannel strategy is working’

By Russell Redman Source: Supermarket News Albertsons Cos. is moving ahead with its omnichannel expansion but has pushed some of its expected micro-fulfillment center (MFC) openings into next year, according to CEO Vivek Sankaran. In a conference call yesterday on fiscal 2021 second-quarter results, Sankaran said Albertsons plans to open [...]

2021-10-20T22:18:03-07:00October 20th, 2021|Tags: , |

Albertsons’ stock price has doubled since it went public. Can it keep the momentum going?

By Sam Silverstein Source: Grocery Dive When Vivek Sankaran took over as president and CEO of Albertsons in March 2019, the food retailer was privately held, online shopping wasn't generally top-of-mind for grocery industry executives, and the Idaho-based supermarket operator was hardly seen as a digital trendsetter. Fast forward 30 months, [...]

2021-10-11T16:38:43-07:00October 11th, 2021|Tags: , , |
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