October 24, 2016 5:02 PM ET

Food and Staples Retailing

Company Overview of New Albertson's, Inc.

Company Overview

New Albertson's, Inc. operates a network of grocery and drug stores in the Northwest and West Coast. It offers various products, including deli, bakery, total photo, fresh produce, gift cards and floral, meat and seafood, and natural and organic products. The company also provides prescription products, as well as in-store health screenings, personalized medical reviews, health education, and adult immunization services. It also provides online shopping services. The company was formerly known as Albertson’s, Inc. and changed its name to New Albertson's, Inc. in June, 2006. The company was founded in 1939 and is based in Boise, Idaho. It has stores in Arkansas, Arizona, California, Colorado,...

250 Parkcenter Boulevard

PO Box 20

Boise, ID 83726

United States

Founded in 1939





Key Executives for New Albertson's, Inc.

President and Chief Operating Officer
Age: 62
Senior Vice President and President of Retail West
Age: 55
Executive Vice President and President of Retail East
Age: 64
Chief Information Officer and Senior Vice President
Age: 62
Senior Vice President of Finance
Age: 54
Compensation as of Fiscal Year 2016.

New Albertson's, Inc. Key Developments

Albertsons Companies, LLC, Safeway Inc., New Albertson's, Inc. and Albertson's LLC Announce Senior Notes Offering

Albertsons Companies, LLC announced its intention to offer $750.0 million in aggregate principal amount of senior notes due 2025. The company and its subsidiaries, Safeway Inc., New Albertson's, Inc. and Albertson's LLC, will be co-issuers of the Notes. The company intends to use the net proceeds from the offering to repay approximately $240.0 million of borrowings outstanding under its senior secured asset-based loan facility, to repay $500.0 million of amounts outstanding under its existing term loan facility and to pay fees and expenses related to the issuance of the Notes. The Company intends to use any remaining proceeds for general corporate purposes, which may include capital expenditures, working capital and potential acquisitions and strategic transactions. The Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Albertsons Announces to Close Store in Plano Next Month

Albertsons announced that it is closing its store at 1301 Custer Road in Plano. Employees are telling customers the last day is April 23, 2016. The store is west of North Central Expressway at Custer and 15th Street.

TCF National Bank and New Albertson’s Inc. Announce a New Multi-Year Retail Banking Services Agreement for Jewel-Osco Stores

TCF National Bank and New Albertson’s Inc. announced a new multi-year retail banking services agreement for Jewel-Osco grocery stores located in the Chicago area. As part of a broader focus on increasing its presence in the Chicago market, TCF Bank is enhancing its retail branches, ATM footprint and online technologies to support quality customer service and convenience. These include technology enhancements at retail branches to streamline transactions, improved layouts to support deeper customer relationships and the addition of ATMs located in select parking lots of Jewel-Osco stores. In conjunction, TCF Bank will close 33 retail branches inside Jewel-Osco stores by the end of May 2016 and in their place install ATMs that feature advanced transaction capabilities. TCF Bank and Jewel-Osco partnered to develop a new bank branch concept inside Jewel-Osco stores. The new TCF Bank branch is now open inside the Jewel-Osco store in Bensenville, Illinois.

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