One of the most widely anticipated developments heading into 2013 a year ago was the pending sale of Albertsons and its sister banners.
Popular supposition at that time was that Supervalu would be acquired and broken up into pieces, most likely with massive store closures, and the piecemeal divestiture of some chains and groups of stores to other operators.
In fact, the Albertsons saga did turn out to be one of the biggest stories of the year — but for just the opposite reason.
Rather than Supervalu and Albertsons dissolving into pieces, the two companies actually returned to look very much like they did in 2005 before Supervalu acquired most of Albertsons’ holdings. As a result, the reunited Albertsons — run by longtime Albertsons executive Robert Miller as chief executive officer and a group of former Albertsons executives he brought back to the company — is now said to be performing well.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
That might explain why one of the most-read articles posted on SN’s website in 2013 was an extended interview with Miller, in which he described his vision to keep the company together. Even though the article was only posted in November, it was the second most popular article of the year, ranking only behind an article about Costco’s expansion plans that was posted back in May.
With a strong customer focus that delivers quality and value, Albertsons is making a comeback. In the article, Miller told SN that all eight Albertsons division are profitable, with same-store sales improving.
Date: Dec. 23, 2013