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Global 500

Courtesy of Albertsons

157

Albertsons Cos.

U.S.

Despite its 2015 merger with fellow grocery chain Safeway, Albertsons faces competition from Amazon’s expanding food empire and Walmart’s investments into shopping technology. Albertsons is trying to strike back with the acquisition of struggling pharmacy chain Rite Aid, which would make the combined company worth about $24 billion. (The companies believe customers will appreciate a place to shop for groceries and drugs at once.) But some of Rite Aid’s shareholders threatened to veto the deal, worried they won’t get a fair premium in the new, combined company. And questions remain if the stagnating Rite Aid is the right business to push North America’s second-largest supermarket chain forward.

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CEO

Robert G. Miller

Sector

Food & Drug Stores

Industry

Food & Drug Stores

HQ Location

Boise, Idaho

Years on Global 500 List

14

Employees

275,000

Figures are for fiscal year ended Feb. 28, 2018.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$59,9250.4%
Profits ($M)$46.3
Assets ($M)$21,812
Total Stockholder Equity ($M)$1,398
Profit Ratios
Profit as % of Revenues0.1%
Profits as % of Assets0.2%
Profits as % of Stockholder Equity3.3%