The Albertsons Company hopes the inflation level will subside in a matter of months – but is also planning for shifts in consumer behavior such as fewer, bigger shopping trips and a move to private label.
As the owner of more than 2,200 stores under 20 banners – including its namesake and Safeway supermarket brands, along with regionally-focused chains such as Vons and Randalls – the retailer has an in-depth view of how customers are adapting to the hike in the cost of living.
For the trading quarter ending February 26, the organization’s like-for-like sales, a metric comparing branches that...