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Albertsons Companies Reports Third Quarter Fiscal 2020 Results
Albertsons Companies, Inc. reported results for the third quarter of fiscal 2020, which ended December 5, 2020.
Third Quarter of Fiscal 2020 Highlights
Albertsons Companies Debuts Automated Grocery PickUp Kiosk in Chicago
Albertsons Companies announced that it is the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The kiosk, located at one of its Jewel-Osco stores in Chicago, demonstrates continued expansion of the company’s eCommerce business and deep commitment to providing easy service through its websites and apps.
The automated, temperature-controlled kiosk, created by Cleveron, provides a contactless pickup experience. Customers who select the “Kiosk PickUp” option will be offered 2-hr time slots during which to pick up their groceries.
When customers arrive at the kiosk, they scan a code on their phone and their groceries are...
Albertsons Companies Reports Second Quarter Results
Albertsons Companies, Inc. reported results for the second quarter of fiscal 2020, which ended September 12, 2020.
Second Quarter of Fiscal 2020 Highlights
Albertsons Companies Unveils PickUp Lockers as Newest Addition to e-Commerce Lineup
Albertsons Companies (NYSE: ACI) today announced that it is piloting PickUp lockers in select Chicago Jewel-Osco and Bay Area Safeway stores as the newest easy fulfillment option for e-Commerce orders made through the company’s websites and apps.
The company already offers in-house Delivery and Drive Up & Go options through its innovative websites and apps, and has partnerships with third-party operators to provide fast delivery options. Albertsons Cos., which reported a 276% increase in digital sales in its first fiscal quarter and continues to add Drive Up & Go stores throughout the country, is looking at all of the ways that it can make customers’ lives – and their grocery shopping – easier and more exciting...
Albertsons Companies Announces Launch of Initial Public Offering
Albertsons Companies, Inc. announced the commencement of an initial public offering of 65,800,000 shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $18 and $20 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC").
The Company is not selling any shares pursuant to the common stock offering. In connection with the offering, certain of the selling stockholders expect to grant the underwriters a 30-day option to purchase an aggregate of...
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