In January 2015, Albertsons announced that it would be acquiring Shaws and Star Market for $2.5 billion. This would make Albertsons the second largest grocery chain in the United States. The acquisition was completed in March of 2015.
The move was seen as a way for Albertsons to compete with the likes of Walmart and Kroger. Albertsons had been struggling in recent years, and the acquisition of Shaws and Star Market was seen as a way to help turn things around.
The acquisition has been largely successful, with Albertsons reporting strong same-store sales growth in the years since. In 2018, Albertsons announced that it would be selling off some of its stores to Supervalu. This was seen as a way to focus on its core markets and further streamline operations.
Despite some challenges, the acquisition of Shaws and Star Market has been a positive for Albertsons. It has helped them become a stronger competitor in the grocery space and has allowed them to better serve their customers.
Albertsons bought Shaws in 2015 for $2.5 billion in order to compete with Walmart and Kroger. The move has been largely successful, with Albertsons reporting strong same-store sales growth in the years since.
