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Albertsons CEO Bob Miller Reveals Strategy in Wake of Amazon Whole Foods Deal

Albertsons CEO Bob Miller Reveals Strategy in Wake of Amazon Whole Foods Deal

BOISE, ID - As retailers across the nation work to fortify their strategies in the wake of the Whole Foods and Amazon acquisition, Albertsons has announced plans to tackle the new entity on its home turfhome delivery. In an interview with The Idaho Statesman, Albertsons CEO Bob Miller outlined how the company plans to approach new competition in the new era of retail.

Bob Miller, CEO, Albertsons“We’re aggressively rolling out home delivery,” Miller told the source. “At the end of this fiscal year, we’ll be in eight of the ten biggest markets in the U.S. We’re going to spend lots of money on home delivery. A place like Chicago, we’re number-one share in the supermarket sector... We’re going to work hard on home delivery, even though Amazon is, too, and lots of other people. We think we can compete in that space, because somebody can order the complete variety from our store.”

The company, which recently halted plans for its Initial Public Offering due to the news of the Whole Foods acquisition, said it will be offering more click-and-collect services.

Albertsons Storefront

The company is also currently making big investments in its current brick-and-mortar business.

“We’re aggressively remodeling our stores. We’ve touched over 200 stores last year, we’ll do over 200 more this year,” Miller shared with the source. “We’ve now remodeled every store in the Treasure Valley except for Broadway—and we’re going to build a new store there. We’re going to build 18 new stores this year. We’ll spend more than $1.4 billion this year in capital.”

As retailers continue to double down and invest in strategy, follow along with AndNowUKnow as we continue to report on the latest.