Haggen today announced its enthusiasm for Albertson’s LLC’s (Albertsons) proposed plan to purchase 29 Haggen stores, 15 of which will continue to be operated from Bellingham, Washington, under the Haggen banner, pending bankruptcy court approval and closing of the transaction.
“We are excited about the opportunity to have the backing of Albertsons and look forward to be part of the Albertsons grocery family. Haggen has been a part of the Pacific Northwest and the Bellingham community for more than eight decades and we will continue the traditions of operating great Haggen stores focused on community involvement, fresh Northwest products and great service,” said Haggen Chief Executive Officer John Clougher.
The new Haggen business unit will consist of 14 historic Haggen stores and one converted location in Oak Harbor. The remaining 14 stores, which were previously divested by Albertsons, will transition over time back to the Albertsons banner. All stores will benefit from the revitalized investment plan under Albertsons ownership.
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“Our customers can be assured that the Haggen focus on sustainably sourced and locally produced products will not change. Haggen has operated as a partner to the communities it has so proudly served and will continue to do so. We thank our dedicated stores crews, loyal customers, vendors, partners and others that have supported us. We are looking ahead to a promising future,” Clougher said.
The bankruptcy court will consider approval of the sale agreement on March 29, 2016.
ALDI Inc. has promoted Brent Laubaugh, Vice President, Saxonburg division, to Co-president of ALDI in the US, joining David Behm and Chuck Youngstrom, who continue in their roles as Co-presidents. All three Co-presidents report to Jason Hart, CEO, ALDI.
Laubaugh, whose promotion is effective March 28, 2016, has been with ALDI for more than 20 years, holding a variety of roles of increasing responsibility throughout his career.
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ALDI is in the midst of its accelerated expansion plan that, by the end of 2018, will bring fresh, high quality groceries at everyday low prices to more than 45 million customers each month. To reach its aggressive goals, ALDI will create more than 10,000 new jobs at its stores, warehouses and division offices from coast to coast and invest more than $3 billion to pay for land, facilities and equipment. When completed, ALDI will have nearly 2,000 stores, marking a close to 50 percent increase in only five years.
Weis Markets, Inc. has announced its fourth quarter sales increased 2.8 percent to $734.1 million while its comparable store sales increased 2.8 percent compared to the same period a year ago.
For the thirteen week period ended December 26, 2015, the company’s net income increased 21.0 percent to $16.6 million compared to the same period in 2014. Fourth quarter earnings per share increased 19.6 percent to $0.61 per share compared to fourth quarter 2014. During the same period, the company’s operating income increased 24.5 percent to $25.8 million.
Year-to-Date Results
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For the 52-week period ended December 26, 2015, the company’s sales increased 3.6 percent to $2.9 billion while comparable store sales increased 3.7 percent compared to the 52-week period ended December 27, 2014. Year-to-date net income increased 9.1 percent to $59.3 million while earnings per share increased 9.4 percent compared to 2014. The company’s year-to-date operating income increased 11.6 percent to $90.8 million compared to 2014.
“In 2015, our overall results benefited from strategic pricing investments and the ongoing improvement of our store assortments by market,” said Weis Markets Chairman and CEO Jonathan Weis. “In addition, improved store level, supply chain and store support efficiencies helped us deliver a better customer experience, which helped us increase customer traffic and our overall market share.”