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09.09.26 - 12:36
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Albertsons® Companies, Inc. Appoints Meg Whitman as Executive Chair (Business Wire)
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Kim Fennebresque named Lead Independent Director
Whitman brings over 40 years of business, technology and strategic innovation experience to Albertsons Cos. as the retailer embarks on a defining period in its historyBOISE, Idaho--(BUSINESS WIRE)--Albertsons® Companies, Inc. (NYSE: ACI) today announced that Meg Whitman has been appointed to the newly created role of Executive Chair of the company's Board of Directors. With Whitman's appointment, Kim Fennebresque has transitioned from Chair to Lead Independent Director, and the board has expanded from 10 to 11 members. Whitman will work to support Susan Morris, CEO of Albertsons Cos., and her entire senior team.
“Meg is an ideal leader to join Albertsons' Board of Directors,” said Fennebresque. “Her appointment underscores the board's commitment to bring proven technology expertise and transformation leadership to all aspects of the business. Meg's role as Executive Chair complements Susan's leadership abilities as the company accelerates plans...
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04.09.26 - 00:33
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DOJ Adds Walmart, Costco, Amazon To Beef Price Probe (ZeroHedge)
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DOJ Adds Walmart, Costco, Amazon To Beef Price Probe
Authored by Kimberly Hayek via The Epoch Times,
The Justice Department has added eight major grocery chains to its beef affordability investigation.
Ground beef for sale at a supermarket. Nata.dobrovolskaya/Shutterstock
The announcement came Tuesday in a post from the department's official X account. Associate Attorney General Stanley Woodward sent the retailers the letters concerning recent increases in the retail price of beef.
The list includes Kroger, Publix, Walmart, Albertsons, Aldi, Ahold Delhaize USA, Costco, and Amazon.
The DOJ's Antitrust Division "has expanded its investigation to include 8 of the largest grocers when it comes to beef affordability," the post read. "Beef prices are a critical concern to Americans, and a priority for this Justice Department."
Nothing more was released about what the letters demand or when answers are due.
The department had already been investigating the big meatpackers. Cargill, Tyson Foods, JBS...
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01.09.26 - 11:30
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Bear of the Day: Albertsons (ACI) (Zacks)
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Despite maintaining a vast physical retail footprint, Albertsons faces severe headwinds, including shrinking profit margins, shifting consumer habits, and negative projected sales and earnings growth....
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