March 01, 2015 6:57 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 Spokane, Washington with stores in Arkansas, Arizona, California, Color...

157 South Howard Street

Spokane, WA 99201

United States

Founded in 1939

Phone:

877-932-7948

Key Executives for New Albertson's, Inc.

Chief Executive Officer
Age: 70
President and Chief Operating Officer
Age: 60
Senior Vice President and President of Retail West
Age: 53
Executive Vice President and President of Retail East
Age: 62
Chief Information Officer and Senior Vice President
Age: 60
Compensation as of Fiscal Year 2014.

New Albertson's, Inc. Key Developments

mix1 Life, Inc. Announces New Grocery Store Distribution in Arizona, New Mexico, Nevada, Colorado, and California with Albertson's Grocery

mix1 Life, Inc. announced new grocery store distribution in Arizona, New Mexico, Nevada, Colorado, and California with Albertson's Grocery. Mix1 has shipped product to support Albertson's Southwest Region of 123 grocery stores. Consumers will be able to purchase mix 1's natural protein shakes starting in March 2015.

Albertsons Settles Hazardous Waste Lawsuit for $3.3 Million

Albertsons grocery stores will pay more than $3.3 million to settle a lawsuit that alleged the chain improperly handled and disposed of hazardous waste at its stores. The suit, which was filed in Orange County Superior Court in May, affects all 188 Albertsons stores in California and two distribution centers. The company did not admit fault in the settlement. The suit was filed by 11 agencies, including the Orange County District Attorney's Office and agencies in Riverside, San Bernardino, San Diego, Ventura and Los Angeles counties. Under the settlement, which was signed June 4 and served to Albertsons representatives, the company will pay $2.27 million in civil penalties, cover the costs of the investigation and provide funding for environmental projects. The hazardous waste included over-the-counter medicine, batteries, aerosol products, pool chemicals and other products that had expired, been damaged or otherwise could not be sold. According to prosecutors, employees threw out the items in dumpsters or took them to third-party processors who were not certified to receive hazardous waste.

Albertsons and Safeway Announces Management Appointments for the Combined Company

Safeway has agreed to be acquired by an investment group led by Cerberus Capital Management. The deal, announced on March 6, 2014, will bring together Safeway and Albertsons, one of the five chains that Cerberus bought from Supervalu Inc. last year. Combined, the companies will have more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants. The deal is expected to close in final three months of 2014. It still needs the approval of Safeway shareholders and federal regulators. Bob Miller, the current CEO of Albertsons, will become executive chairman of the combined business. Robert Edwards, Safeway's president and CEO, will become president and CEO of the combined company.

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