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Doomsday warning for Albertsons as shoppers make major change, flagging finances revealed

California Post·Kevin Barr·19 days ago
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Albertsons shoppers are turning away from one of the supermarket giant’s most profitable aisles, in a worrying sign for the already-battered grocery chain. The Idaho-based company’s latest annual report shows produce sales have softened, even though the section has traditionally been one of the biggest money-makers for the grocery business, The Street reported . Albertsons — which operates hundreds of stores across California — reported sales have softened. REUTERS Consumers are reportedly changing how they fill their carts — opting for longer-lasting staples versus fresh produce. Bloomberg via Getty Images The drop suggests customers are changing how they fill their carts, potentially swapping fresh fruit and vegetables for cheaper, longer-lasting staples as household budgets remain tight. It’s a troubling shift for Albertsons, which operates more than 2,200 stores nationwide, including 581 stores in California — under brands such as Albertsons, Safeway, Vons and Pavilions.…

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