Albertsons revealed plans for layoffs at its corporate and division support offices, Supermarket News reported.

Boise, Idaho, U.S.A.-based supermarket chain Albertsons Companies is laying off corporate and division staff members following its failed merger with Cincinnati, Ohio, U.S.A.-based Kroger, the company confirmed in a statement emailed to SeafoodSource.

Albertsons’ renewed focus on customer-centric strategies positions the company to navigate an evolving consumer landscape, Sankaran added, signaling a fresh chapter for the grocery giant, even as the fallout from the failed merger continues to unfold in the courts.

Albertsons is laying off corporate and division support employees around the country, a spokesperson for the company told the Idaho Statesman on Wednesday. Store employees are not impacted by the cuts, the spokesperson said in a statement.

Albertsons Companies remains a strong buy despite blocked Kroger merger, with potential upside from litigation and strong revenue growth.

The grocer’s CEO declared last month that it was in “strong financial condition,” but layoffs announced this week suggest a bumpy road ahead.

Albertsons cites GLP-1s and AI as sources for optimism amid inflationary headwinds.

A month after its failed merger with Kroger, Albertsons is laying off employees, including 68 corporate and division support staff in Phoenix.

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

US grocery retailer Albertsons’ efforts to increase its customer value proposition – and investor appeal in the wake of its breakup with Kroger – could open doors for emerging brands and increase in-store and digital marketing opportunities for food and beverage manufacturers.

Albertsons will be laying off a portion of its corporate workforce after a merger between the Boise-based grocery chain and Kroger fell through following legal challenges.

Albertsons is set to report fiscal 2024 third-quarter results Wednesday morning, its first report since the grocery chain's proposed merger with Kroger fell apart last month after months of legal challenges.