Tom Lofland, president of Jewel Osco, has retired after a career spanning more than 35 years. Lofland took over the president's role in August and held several leadership positions since 1995, when he served as a store director for Albertsons. Jewel Osco said in a LinkedIn post that Lofland led with vision, integrity and an unwavering commitment to people, leaving a lasting legacy on the company. His retirement comes as parent company Albertsons Companies Inc. is overhauling operations through a new initiative called ACI Edge, consolidating 11 divisions into four regions amid a disappointing first quarter that saw identical sales fall 0.8%.
Albertsons CompaniesAlbertsons is overhauling operations via ACI Edge amid a disappointing Q1 with identical sales down 0.8%.