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Editor’s note: This story is developing and will be updated.
Dive Brief:
- Albertsons announced Thursday a new regional operating model that consolidates 11 divisions into four regions and said it is centralizing its center store merchandising.
- The grocer also said President and CFO Sharon McCollam plans to retire later this year but remain in her role until a successor is named. Afterward, she will serve in an advisory role with the grocer until its fiscal year ends on Feb. 27, 2027.
- The changes come on the same morning Albertsons announced a nearly 1% drop in comparable-store sales and flat net sales growth in the first quarter of fiscal 2026.
