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Fate of Albertson's

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  • Fate of Albertson's

    Firstly, for those who have no idea about what I'm talking about, here is one of many articles discussing it. Brief rundown: Albertsons (#2 traditional grocery store chain in the US) put itself up for sale in September, and is expected to formally announce who won the bidding soon.

    This sucks for me, since I work there - first as a cashier, now a "Service Supervisor" (basically, the guy who runs the front end - that is, registers, etc, to make sure everything is flowing smoothly; issue money to registers, pick up cash, keep track of what the cashiers/store is taking in, bag it up and transfer to armored cars, etc.) I was actually looking forward to doing this job for a while - I'm 19, a college student, so it was a good opportunity for me to gain experience in that area - looks good on a resume. But now, no one knows what's going to happen. A lot of people expect the buyers to keep the Jewel-Osco stores (Albertsons owns Jewel-Osco, Sav-On Pharmacy, Acme, and Shaws) since they hold like 40% of the market in Chicago, IIRC and then sell off the Albertsons stores for the real estate, since most of the land is actually owned, and not leased, by Albertsons.

    So a lot of people are pretty down here. It sucks for me though, because there's 2 colleges, 2 junior colleges, and about 8 high schools, with all the students competing for jobs in the same area. So not only is it hard right now, but if they do eventually close the Albertsons stores here, that'll add another couple hundred people who are looking for jobs. Not to mention the full-time guys.

    Oh well, just my thread for the month.

  • #2
    Not to mention, it's just sad to see a business like Albertsons go under - it had a nice history, and really tried to be innovative. It was among the first, if not THE first, to try the grocery store/pharmacy combo, it had the really cool Shop 'n Scan system, etc.

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    • #3
      First, from a consumer standpoint, I like Albertson. Shop there often.
      Second, from an empolyee standpoint, I would think they suck. The store nearest me hires part-time only. That being, 39 hours a week; which means, no benefits.
      Life is not measured by the number of breaths you take, but by the moments that take your breath away.
      "Hating America is something best left to Mobius. He is an expert Yank hater.
      He also hates Texans and Australians, he does diversify." ~ Braindead

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      • #4
        What's the bottom line of Albertson's? Are they making money?

        In the neighborhoods I have seen them in, they don't usually have much competition close to them.

        You will usually see a Ralph's or an Albertson's in the neighborhood, but I never see both.
        We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln

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        • #5
          Originally posted by Ted Striker
          What's the bottom line of Albertson's? Are they making money?

          In the neighborhoods I have seen them in, they don't usually have much competition close to them.

          You will usually see a Ralph's or an Albertson's in the neighborhood, but I never see both.
          BRIEF: For the 39 weeks ended 3 November 2005, Albertson Inc.'s net sales rose 5% to $30.13B. Net income from cont. ops. rose 3% to $298M. Revenues reflect the acquisition of Shaw's, progress in recovering from the labor dispute, new store expansion revenues and several new nationally co-ordinated merchandising programs. Net income was partially offset by higher cost of sales and rise in selling, general and administrative expenses.


          The CA labor problem had a pretty big impact on the company, from what I've read anyway. And then just competing with Wal-Mart...herre in DFW, for example, Albertson went from holding a majority of the market, to something like 16% I want to say. It's a shame, because at least at our store, a HUGE emphasis is placed on doing whatever you can to make the customer happy, whereas here it seems you are lucky to find a cashier at Wal-Mart that speaks English.

          And for comparison, Kroger:

          BRIEF: For the forty weeks ended 5 November 2005, The Kroger Co.'s sales rose 7% to $45.83B. Net income rose 23% to $676M. Revenues reflect higher comparable food store sales, square footage growth, labour productivity improvements and increased fuel gallons as well as inflation in fuel and other commodities. Net income also reflects lower rental expense, lower interest expense and improved operating margins.

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          • #6
            Reported net earnings year-to-date reached $284 million or $0.76 per diluted share versus $249 million or $0.67 per diluted share in the prior year.

            That's as of Q3, which showed $.22/diluted share earnings in that quarter.

            Jewel seems to be doing well here in Chicago, but ... well then again this is their strong place
            <Reverend> IRC is just multiplayer notepad.
            I like your SNOOPY POSTER! - While you Wait quote.

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            • #7
              I remember Jewel. My mom still has some matchbooks of theirs around here somewhere.
              The cake is NOT a lie. It's so delicious and moist.

              The Weighted Companion Cube is cheating on you, that slut.

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              • #8
                what!

                They are doing well in Las Vegas. I usually shop at Food 4 Less for lower prices.

                But one thing I like from Albertson's is their yougurt. Their lowfat brand is cheap and tastes better than the crap like Yoplait. I'm not sure I could live without their yogurt. It's about the only dairy food my stomach can handle aside from cheese. So I eat about 1 yogurt cup a day.

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                • #9
                  The only albertson's I've run across is probably evidence of their decline and fall and business patterns. In my hometown in Missouri, there is a Schnucks grocery (big in Eastern Missouri, hqd I believe in StL) that had been there for as long as I can remember, maybe 20+ years. Well, Albertson's attempted to buy that store and when they refused, they built a brand new building catty corner to it. Not renevate a building, but build one from the ground up. A lot of nastyness regarding the sale/non sale hit the papers. It lasted about 3 monhts I think before closing. From all accounts, it was a great store, but see, small town folks like my parents have strong brand loyalty esp. to where they've bought groceries for 20 years.

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                  • #10
                    Its a shame even although I don't like Albertson's deli.
                    Who is Barinthus?

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                    • #11
                      I've never been in an Albertson's. I think there might be one in Little Rock. I'm not sure.

                      Not that Arkansas would be a lucrative market for your company to jump onto, though...

                      Camden has a Kroger (old as dirt, cheapest traditional grocery store), Brookshire's (built 10 years ago, most expensive), and two Piggly Wigglys (sold ~5 years ago and renamed to Jade Super Foods), plus a Sav A Lot. I think that's plenty without an Albertson's or Wal Mart Supercenter. (neither of which will get built here)
                      meet the new boss, same as the old boss

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                      • #12
                        I haven't shopped Albertson's in a while. Don't they also own Ralph's?

                        I shop at Kroger or Meijer. Biggs is around but that place is always crowded.

                        I miss Safeway.
                        Monkey!!!

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                        • #13
                          In chicago, Dominics and Jewel are big.
                          We have a Dominics near our house that I used to really like shopping at. But since they were bought by Safeway, it's been all down hill. Their selection is now awful and the generic safeway products make me never want to buy generic again.
                          It's almost as if all his overconfident, absolutist assertions were spoonfed to him by a trusted website or subreddit. Sheeple
                          RIP Tony Bogey & Baron O

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                          • #14
                            I like Safeway's soup...

                            Wasn't Albertson's a Mormon owned store? I wonder if a mormon is buying them.
                            Monkey!!!

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                            • #15
                              Originally posted by Japher
                              I haven't shopped Albertson's in a while. Don't they also own Ralph's?

                              I shop at Kroger or Meijer. Biggs is around but that place is always crowded.

                              I miss Safeway.
                              Kroger owns Ralph's Groceries.

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