In this week’s recap of the Top 10 most popular Supermarket News articles, Albertsons' strategic review of the company ranked as the week’s top story. Albertsons, the nation’s second-largest supermarket operator, said it has retained Goldman Sachs and Credit Suisse as financial advisers for the review, which will gauge balance sheet optimization and capital return strategies, potential strategic or financial transactions, and development of other strategic initiatives to complement Albertsons’ existing businesses. The retailer said the review also will involve “responding to inquiries.” Among other stories in this week’s gallery:
- Piggly Wiggly to make New York debut
- C&S Wholesale Grocers readies Grand Union relaunch
- Save A Lot operator wraps up tristate store remodel program
- Kroger reaches into Pennsylvania with new Ocado e-commerce center
In other news, Target Corp. plans to set a new starting wage range of $15 to $24 per hour as part of an up to $300 million employee pay and benefits package in 2022.
Minneapolis-based Target said that the updated wage level will apply to hourly associates working in stores, supply chain facilities and headquarters locations. Workers’ exact starting wage will be based on the job and the local area, with market-level wages set according to industry benchmarking, local wage data and other factors, according to the company.
Other top stories:
• Loblaw closes out fiscal 2021 with retail sales uptick
• U.S. shoppers hold over-inflated view of food prices
• Ahold Delhaize USA proceeds with shift to self-distribution
• NGA names 2022 board of directors
