Tag Archives: Albertsons

By Aishwarya Venugopal, Diane Bartz and Abigail Summerville (Reuters) – Kroger Co snapped up Albertsons Cos Inc in a $25 billion deal on Friday, creating a U.S. grocery behemoth to better compete with leader Walmart Inc on prices while bracing for potential antitrust roadblocks. The mega merger between the No. 1 and 2 standalone grocers in the United States will bring under one roof nearly 5,000 stores that include banners such as Albertsons’ Safeway and Kroger-owned Ralphs and Fred Meyer. The… Source link

Albertsons Cos. Inc. ACI, +0.25% said Tuesday that, after a year of planning in partnership with Google GOOGL, -0.02% GOOG, -0.14%, the two companies will launch a series of technologies to enhance the grocery shopping experience. Using artificial intelligence (AI), the companies will provide hyperlocal information about where shoppers can find and purchase products. Enhanced features will also allow shoppers to… Source link

BOISE, Idaho & SUNNYVALE, Calif.–(BUSINESS WIRE)–Albertsons Companies and Google today announced a multi-year partnership to make shopping easier and more convenient for millions of customers nationwide. The partnership brings together the power of Albertsons Cos.’ broad reach across 2,253 neighborhoods with Google’s capabilities in customer-centric innovation, creating a formidable nexus of retail savvy and trend-setting technology on a massive, omnichannel scale. Google… Source link