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• Albertsons announced yesterday that it generated $14 billion during the fourth quarter, the same amount of revenue that it reported for the same period a year ago - though it closed almost 50 stores over the past year, which meant that the stores that remained had a better year.

BoiseDev notes that “the company actually had a smaller net profit in the quarter of $135.6 million – versus $388.3 million in the fourth quarter of last year,” though last year’s high number was mostly as result of the then-new tax cuts.

In addition, Albertsons “saw an increase of 52% in its ecommerce sales in the fourth quarter, and a jump of 83% for the full year. “

A nice way for Jim Donald to end his tenure as the company’s president/CEO; he steps down today to become co-chairman of the board, and is being succeeded by Vivek Sankaran, the former CEO of PepsiCo Foods North America and a former partner at McKinsey and Company.
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