Albertsons Companies expects to double its rate of Own Brands innovation in 2018

BOISE, Idaho, May 02, 2018 (GLOBE NEWSWIRE) -- Albertsons Companies is on pace to introduce nearly 1,400 new Own Brands products to its family of stores in 2018, a more than two-fold increase over 2017 that further demonstrates the company’s confidence in developing exclusive products across all categories. Own Brands is Albertsons Companies’ portfolio of exclusive and trusted private label brands, including O Organics®, Lucerne®, Open Nature™, and the extensive Signature™ line.

“We’ve got a lot in the pipeline—and we’re just getting started,” said Geoff White, President of Albertsons Companies Own Brands. “With our team’s unique insights across the industry, we can react faster than ever to changing consumer trends. The result is a rapid expansion of high-quality products in every department that are exclusive to Albertsons Companies. We’ve never been more excited about our ability to meet every shopper’s needs and sprinkle in new and exciting surprises across the store.”

The new product innovation is occurring across the entirety of the company’s popular Own Brands portfolio, including Signature brands, Lucerne, O Organics, Open Nature, Waterfront Bistro, Value Corner, Primo Taglio, and debi lilly design. For every product that bears one of its labels, Own Brands guarantees quality that shoppers can trust.

Own Brands has already released nearly 300 new products in 2018. Popular new items introduced this year include Open Nature Scandal-less ice cream, Open Nature bison top sirloin steak, Open Nature granola bars, O Organics spinach and butter lettuce, O Organics sparkling tea, Signature Select cold brew coffee, and Signature Select sparkling french lemonade.

About Albertsons CompaniesAlbertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated based in New York City. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2017 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

Important Notice Regarding Forward-Looking StatementsThis press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made, and the company and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.