Albertsons Companies Seeks Innovative, Diverse-Owned Brands, Hosts Fourth Annual Supplier Diversity Program
January 22 2024 - 8:01AM
Business Wire
Company announces annual application process
for diverse-owned suppliers
Albertsons Companies (NYSE: ACI) today announced its annual
application process for diverse-owned suppliers. As part of the
company’s ongoing commitment to fostering diversity, equity,
inclusion and belonging, the Albertsons Cos. Supplier Diversity
Program is designed to discover, support and give diverse-owned
suppliers the opportunity to expand their business with Albertsons
Cos. and its stores.
“At Albertsons Cos., we are committed to providing opportunities
for diverse entrepreneurs and businesses to successfully grow their
brands and sell their products on our store shelves,” said Monique
Lanaux, GVP and Chief Diversity, Equity, Inclusion and Belonging
Officer. “Through our Supplier Diversity Program, we are building
an inclusive culture in our stores that values diversity and
reflects the many communities where we live and serve.”
The application process is open now to diverse-owned suppliers,
which include small and mid-size businesses that are at least 51
percent owned, controlled and operated by women, Black, indigenous
and people of color, LGBTQ+, veterans or people with disabilities
who can offer products that appeal to the varied preferences of
Albertsons Cos.’ diverse customer base.
The Albertsons Cos. Supplier Diversity Program also works
closely with diverse business owners to overcome challenges and
various barriers including access to working capital. For many
small and medium-sized businesses, obtaining working capital is
critical to growing their operations. Through Albertsons Cos.
continued partnership with C2FO, diverse-owned brands can receive
early payment terms on approved invoices, unlocking fast and
flexible access to low-cost capital.
Last year, nearly 500 businesses submitted applications for the
Supplier Diversity Program and more than 60 diverse-owned brands
were selected to meet with the Albertsons Cos. merchandising team.
As a result, six diverse-owned brands, Blue Elephant, Catalina
Crunch, Mr. Kooks, Partake Foods, Radius and Watcharee’s, were
added to the more than 200 certified diverse suppliers already
selling their products nationwide at Albertsons Cos. stores
including Albertsons, Safeway, Vons, Jewel-Osco and Shaw’s.
Diverse business owners interested in having their products
considered to sell in one or more Albertsons Cos. stores, including
Albertsons, Safeway, Vons, Jewel-Osco, ACME and Shaw’s, should
submit their application online here by Feb. 2. Diverse
suppliers who are selected to meet with the Albertsons Cos. team
will be notified by Feb. 16 and appointments will be scheduled for
early April.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the
United States. As of December 2, 2023, the Company operated 2,271
retail food and drug stores with 1,726 pharmacies, 401 associated
fuel centers, 22 dedicated distribution centers and 19
manufacturing facilities. The Company operates stores across 34
states and the District of Columbia with 24 banners including
Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb,
Randalls, United Supermarkets, Pavilions, Star Market, Haggen,
Carrs, Kings Food Markets and Balducci's Food Lovers Market. The
Company is committed to helping people across the country live
better lives by making a meaningful difference, neighborhood by
neighborhood. In 2022, along with the Albertsons Companies
Foundation, the Company contributed more than $200 million in food
and financial support, including more than $40 million through our
Nourishing Neighbors Program to ensure those living in our
communities and those impacted by disasters have enough to eat.
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