Doing what you have always done and doing it the same way once again does not seem to be working. Safeway was forced to shed thousands of stores a few years ago in Canada and around the US. They Albertsons picked up Safeway ran them as if everything was just fine.
Pontificating on metrics developed or defined by Bill Bishop and how well they were doing. Guess what, the consumers do not care what your brand looked like in 1990, 2015, or 2020 they know if is not relevant to them today they will more on.
Who did not see this coming? When Albertsons Cos. said that its board has begun a review of possible strategic alternatives for the company, including potential financial transactions. You can bet that the teams at Kroger, Publix, and Ahold said once again how can we ensure this will not be our fate as well?
Never use the word mistake, but when you read this from Albertsons what do you think? "The board believes the continuing strength of our business and the scale of our portfolio of assets warrants a deep and considered review of all possible paths toward maximizing value creation," Albertsons board co-chair Chan Galbato said in a news release. Galbato is CEO of Cerberus Operations, the operations platform of former Albertsons majority owner Cerberus Capital Management.
Here are some numbers on Albertsons, any guess what they will look like tow years from now? They operated 2,278 retail food and drug stores as well as 22 distribution centers and 20 manufacturing centers across a total of 34 states and Washington, D.C., as of Dec. 4, 2021. Among its 20 banners are leading regional players such as Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme and Tom Thumb.
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