By Sam Silverstein
Source: Grocery Dive
- Albertsons is evaluating “potential strategic alternatives” in an effort to accelerate growth and boost its value, the supermarket chain announced in a press release on Monday.
- The retailer’s board of directors will examine a range of possible actions, including “financial transactions and development of other strategic initiatives to complement Albertsons’ existing businesses,” but has not determined when it will complete the review, according to the announcement.
- In a note to investors, Arun Sundaram, an analyst with CFRA Research, said the company will most likely sell off underperforming banners “to accelerate investments in areas like supply chain, technology, and e-commerce.”
Albertsons’ disclosure that it is considering changes that could include selling part or all of the company follows efforts by executives to bolster the chain’s image as an omnichannel food retailer with the resources to play a leading role as the industry evolves.
