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Albertsons Companies to Join Blockchain-based IBM Food Trust Network to Pilot Increased Transparency

Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the blockchain-based IBM Food Trust network and will begin piloting the technology to improve how food is traced from farm to store shelf. The addition of Albertsons Companies to the Food Trust ecosystem of more than 80 brands brings blockchain-based food traceability to more consumers and industry players – from producers to suppliers to retailers – by helping enable greater transparency and collaboration, and ultimately, a safer food supply.

Blockchain is a system of record that establishes a shared environment for food transactions in which all participants can collaborate in a highly secured and ...

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Apr 11 9:39 AM, General News



Albertsons Companies Partners with Glympse To Give Customers Real-Time Status of Orders 

Albertsons Companies is enhancing its eCommerce platform with Glympse, a location sharing technology that will give shoppers real-time status of their grocery delivery or Drive Up & Go order.

Glympse & Albertsons Cos. grocery delivery

When customers are finishing their delivery order with an Albertsons Cos. store, they can now opt-in to notifications powered by Glympse via text or email that provide key updates throughout the fulfillment process. Once their order is en route, they will receive a link to a live map of their delivery truck and exact time of delivery.

“We want to make our eCommerce experience as simple and transparent as possible,” said Narayan Iyengar, SVP Digital and eCommerce at Albertsons Cos. “Our partnership with Glympse makes it even easier for customers to get their groceries however and ...

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Mar 5 9:16 AM, General News


Albertsons Companies, Inc. Reports Third Quarter Results

Albertsons Companies, Inc. (the "Company") today reported results for the third quarter of fiscal 2018, which ended December 1, 2018.

Third Quarter of Fiscal 2018 Highlights and Update on Fiscal 2018 Outlook

  • Identical sales increased 1.9%
  • Adjusted EBITDA increased over 50%
  • eCommerce sales growth of 73%
  • Own Brands sales penetration increased to an all-time high of 25.2%
  • Completed refinancing and $1 billion paydown of our term loan facility
  • Fiscal 2018 Adjusted EBITDA updated to be in the range of...
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Jan 14 2:43 PM, General News




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